Ondas Holdings Inc.
Ondas Holdings Announces Acquisition of Majority Stake in SPO
Summary
Ondas Holdings Inc. has entered into a definitive agreement to acquire a controlling 51% interest in S.P.O. Smart Precision Optics LTD., a leading manufacturer of advanced precision optical components and systems based in Israel. The acquisition, expected to close in Q3 2025, aims to bolster Ondas' capabilities in advanced defense technologies, particularly in missile defense and counter-drone systems. The total purchase price is approximately $27.1 million USD, comprising $5.9 million USD in cash for SPO shares and $0.3 million USD for 51% of SPO's outstanding capital notes. Additionally, Ondas may be required to pay up to $11.9 million USD in contingent consideration if SPO receives certain grants. The transaction includes put and call options for SPO shares and notes, exercisable by either party under specified conditions.
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About Ondas Holdings Inc.
Ondas Holdings Inc. is a technology company specializing in advanced wireless networking solutions. The company's primary function is to develop and provide mission-critical networking infrastructure for the Industrial Internet of Things (IIoT). Ondas Holdings offers its proprietary FullMAX radio platform, which is designed for secure, reliable, and extensive coverage networking in open and challenging environments, making it particularly suitable for industrial and commercial sectors. The industries it impacts include utilities, transportation, and public safety, among others, by providing robust wireless communication networks that enhance operational efficiencies and safety protocols. Ondas Holdings is significant in the market for its innovative approach to addressing the unique communication needs of large-scale enterprises, driving the digital transformation of traditional industries towards more connected and data-driven operations.
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