Ondas Inc. has completed the acquisition of 100% of the share capital of Gate Technologies Ltd. (Israel) and Bron Technologies sp. z.o.o (Poland) through a Share Purchase Agreement dated September 14, 2026. The deal includes upfront cash and stock, a working capital adjustment, and significant potential future earn-out payments.
Key Details
- Purchase Price: The acquisition was made for $105.0 million in cash, 10,689,655 shares of Ondas common stock, and a $25 million working capital adjustment. An additional $22.5 million is scheduled to be issued within nine months of closing, subject to certain obligations.
- Contingent Earn-Out: The sellers are eligible to receive up to an additional $185.0 million in contingent earn-out payments over the two years following the closing date. These payments are subject to achieving specific milestones and are payable in Ondas common stock.
- Shareholder Agreement: A Registration Rights Agreement was executed, which subjects the selling shareholders to daily trading volume limitations. In aggregate, they may not sell shares exceeding 15% of the stock's average daily trading volume, calculated over the preceding 10 trading days.