Ondas Completes $118.2M Purchase of Drone Inspector Cyberhawk

Overview

• The acquisition closed on August 10 and was paid with $118.2 million in cash plus 581,700 common stock units, adding Cyberhawk’s inspection platform to Ondas’s autonomous-systems business.
• Shares issued to Cyberhawk sellers carry a one-year lock-up followed by an additional 18-month trading restriction to limit near-term seller liquidity.
• Ondas granted equity to 47 newly hired employees as inducements under Nasdaq Rule 5635(c)(4): 1,601,593 restricted stock units and options to buy 1,290,000 shares at a $9.11 exercise price with multi-year vesting schedules.
• OND S shares rose roughly 4–5% after the deal closed and technical indicators showed higher volume, a bullish MACD and an RSI near 75, which suggests the recent rally may face short-term consolidation; Roth Capital upgraded the stock to strong buy with a $13 target in follow-up coverage.
• Cyberhawk brings software, visual-data management and AI analytics that let Ondas move beyond hardware into recurring inspection services, which could speed revenue diversification if the company successfully integrates the teams and platforms.