NEW YORK, June 10, 2026, 05:01 EDT
- Ondas ended Tuesday at $9.65, dropping 6.31%. The stock was last at $9.51 before the bell.
- The SEC filing from June 9 covered the resale of 2,701,420 shares linked to the Omnisys deal.
- The filing doesn’t bring in proceeds to Ondas, but it puts another share-supply overhang on the volatile defense-drone stock.
Ondas Inc. shares dropped ahead of the open Wednesday. The defense and autonomous-systems firm filed to register 2.7 million shares for resale, covering shares it issued to acquire Israel’s Omnisys Ltd.
Ondas shares changed hands at $9.51 before trading started, down 1.45% from where the stock finished on Tuesday. The stock closed the prior session at $9.65, a drop of 6.31%, with shares trading between $9.04 and $10.41, Google Finance data show.
Ondas is now seen as a quick-moving defense-tech play. The stock has been up this year after acquisitions and a stream of new orders, plus more investors have started betting on drones, counter-drone tech, and automation on the battlefield. A resale registration—used by current holders to sell shares bit by bit—can pressure rallies since traders start to factor in more stock hitting the market.
Ondas disclosed in a June 9 Form 8-K it filed a prospectus supplement for potential resale of 2,701,420 common shares by certain holders. Those shares went to the holders as part of the Omnisys acquisition, according to the company.
The SEC filing said selling stockholders could sell shares on the Nasdaq, elsewhere, or in private deals. Ondas said it gets no proceeds from any sale.
This was not a normal capital raise for the company. Instead, it came as part of paying for an acquisition in stock. The prospectus shows Ondas bought all of Omnisys on May 21, with a total payout of roughly $196.6 million in common shares, split into installments. On June 9, Ondas issued 2,701,420 shares, which was the fourth installment.
There’s a restriction on the Omnisys selling stockholders, according to the filing. They can’t sell more than 15% of Ondas’ average daily trading volume each day, based on the previous 10 trading days. The cap could help reduce the overhang, but it won’t eliminate it.
Ondas is still in growth mode. The company put up first-quarter revenue of $50.1 million, up over 10 times from the year before, and now sees at least $390 million in revenue by 2026. Chairman and CEO Eric Brock said its “system-of-systems platform is scaling effectively.” He also cited a pro forma backlog of $457 million. Ondas Inc.
Orders are in the spotlight, too. Ondas said on May 29 it landed over $30 million in new orders this month, taking quarter-to-date orders above $110 million. CEO Eric Brock called the pace “continued execution.” Oshri Lugassy, co-CEO of Ondas Autonomous Systems, said customers want integrated defense tech that links up across different missions, not just “one drone, one robot or one sensor.” Ondas Inc.
Another contract from earlier this month has kept investors focused on the stock. Ondas said on June 2 its World View arm landed a spot as high-altitude balloon provider for a U.S. Navy SOUTHCOM maritime awareness project. The initial three-month deal is worth about $4.8 million. Brock said the move validates “stratospheric ISR,” or intelligence, surveillance and reconnaissance. Ondas Inc.
Ondas shares face two risks: execution pressure and more shares hitting the market. If Omnisys holders decide to sell with the stock up, or if Ondas misses its second-half revenue targets, the stock could drop fast. Ondas said adjusted EBITDA losses will stay high in the second quarter, with improvement likely later this year.
Tech and AI stocks slid again Tuesday, weighing on U.S. growth names. The Nasdaq Composite dropped around 1%. The tape stayed cautious.
Other stocks tied to drones and defense gear also fell before the bell. Red Cat Holdings dropped 7.6%. AeroVironment was quoted 4.5% lower, latest figures show.
