Ondas Holdings Inc.
Ondas Inc. Completes Merger with Mistral, Inc.
Summary
Ondas Inc. has completed its merger with Mistral, Inc., a U.S.-based defense prime contractor, for an aggregate amount of approximately $175 million. The merger provides Ondas with direct prime contractor access to U.S. Army and Special Operations contract vehicles, U.S.-based manufacturing, integration, and federal contracting infrastructure. The transaction adds approximately $264 million to Ondas' backlog, bringing the pro forma backlog to $457 million as of March 31, 2026. The merger is expected to accelerate Ondas' deployment of autonomous systems across U.S. defense and homeland security markets.
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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.
Official SEC Documents
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