NEW YORK, May 22, 2026, 12:04 EDT
- Ondas shares traded up 0.54% at $9.23 late Friday morning in New York.
- The company closed its stock-funded Omnisys acquisition on May 21 and filed a separate resale registration on May 22.
- Monday’s U.S. market closure for Memorial Day leaves investors a shorter window to digest the deal.
Ondas Inc. shares were little changed Friday as investors weighed the closing of its $196.6 million stock acquisition of Israel’s Omnisys against a fresh resale filing tied to a separate Mistral deal.
The stock traded at $9.23, up 0.54%, at 11:49 a.m. EDT, with volume of 21.73 million shares and a market value of $4.57 billion, Google Finance data showed. The shares remain well below their 52-week high of $15.28.
The timing matters. U.S. equities were open Friday, but Nasdaq lists Monday, May 25, as closed for Memorial Day, giving the market one regular session before the long weekend to process the deal and the latest share-registration filing.
Ondas said in a filing that it completed the Omnisys purchase on May 21. The company acquired 100% of Omnisys for $196,602,739.73 in Ondas common stock, with part of the consideration issued at closing and the rest due in stock installments. Sellers face a 15% daily trading-volume limit on sales of shares issued in the acquisition, the filing showed.
Omnisys gives Ondas a software layer for battlefield planning and real-time decision-making. Its Battle Resource Optimization platform, or BRO, uses artificial intelligence and operations research to help allocate sensors, weapons and other defense assets across missions; put plainly, it is software meant to decide how scarce military resources should be used in fast-moving situations.
Ondas Chairman and CEO Eric Brock called BRO a “proven, battle-tested software platform.” Oshri Lugassy, co-CEO of Ondas Autonomous Systems, said it could enable “true closed-loop operations,” meaning a tighter link between detection, decision and action across autonomous systems. Ondas Inc.
The company also filed on Friday to register the resale of 2,738,224 shares issued to Mistral sellers. Ondas will not receive proceeds from those sales, and the filing says the selling stockholders may sell some, all or none of the shares from time to time.
That is the main overhang. Resale filings do not mean all shares will hit the market at once, but they can make traders more sensitive to dilution and supply, especially after a stock has moved sharply over a year.
The acquisition comes after Ondas reported first-quarter revenue of $50.1 million, up more than tenfold from a year earlier, and raised its 2026 revenue target to at least $390 million. Still, the company reported an adjusted EBITDA loss of $10.9 million; adjusted EBITDA is a company-adjusted measure of profit before interest, taxes, depreciation and amortization.
Needham reiterated a Buy rating and $23 price target after the Omnisys announcement, saying the deal added a software orchestration layer to Ondas’ autonomous defense portfolio. The firm estimated Omnisys could generate $30 million to $40 million in pro forma 2026 revenue, with more potential in 2027 as adoption widens across allied markets.
Ondas is trying to move deeper into the same defense-drone and autonomous-systems trade that has drawn attention to peers such as Red Cat Holdings and AeroVironment. Red Cat describes itself as a U.S. provider of drone and robotic systems for defense and national security, while AeroVironment markets systems across unmanned platforms, loitering munitions and counter-UAS, or counter-drone, technology.
Broader market tone helped. Reuters reported Friday that Wall Street rose, with the Dow hitting an intraday record and the S&P 500 and Nasdaq also gaining as investors watched U.S.-Iran talks and strong corporate earnings.
The risk is execution. Ondas is buying growth with stock and stitching together several defense assets at once. If Omnisys revenue ramps more slowly than expected, if sellers use registered shares to reduce positions, or if defense procurement slows, the market could shift back from software-deal enthusiasm to cash burn and integration risk.
