NEW YORK, June 26, 2026, 12:01 EDT
- Ondas traded up 21.5 cents to $7.89 at 11:46 a.m. EDT. Volume was 23.2 million shares.
- A filing from June 26 detailed that selling stockholders can resell 3.38 million acquisition-linked shares, representing around 0.65% of reported shares outstanding.
- Ondas is set to join the Russell 3000, FTSE Russell said. The new indexes update after the U.S. market closes Friday. LSEG
Ondas Inc. (NASDAQ:ONDS) traded higher Friday, with the move coming as the stock prepared for a new resale-share filing on top of being set to join a Russell index. The flow issue was notable, outweighing the headline gain in the shares during intraday action.
The stock was up 21.5 cents at $7.89 as of 11:46 a.m. EDT, after opening at $7.50. Shares moved between $7.36 and $7.93 so far. Volume reached 23.2 million shares.
Ondas said in an 8-K it put out a prospectus supplement for the resale, from time to time, by some shareholders of 3,378,084 common shares. Of that, 3,285,696 shares came in the Omnisys acquisition, and 92,388 in the World View deal, Ondas said.
Ondas isn’t getting any money from the selling stockholders’ sales, according to the prospectus. This isn’t a primary cash raise, but the filing puts more saleable shares out there.
The block is small compared to Ondas’ 520.29 million shares outstanding, but it stands out on Friday’s tape. It’s about 0.65% of shares outstanding, 4.2% of Google Finance’s average volume at 79.96 million shares, and 14.6% of the 23.2 million shares that traded by 11:46 a.m. EDT. Google
The prospectus puts caps on how fast certain shareholders can sell. Omnisys selling holders can’t sell more than 15% of average daily volume—based on the last 10 trading days—on any one day. World View selling holders have a tighter cap, limited to 5% of daily volume for six months after their deal closes.
Ondas is included in the industrials group in FTSE Russell’s prelim Russell 3000 additions. FTSE Russell said the updated indexes go live after the U.S. market closes on June 26, which is also the date of the resale filing. LSEG
Index flow is in focus Friday on Wall Street. Jefferies equity analyst Steven DeSanctis told Reuters the Russell event could bring a “really massive trade.” Stephens’ Melissa Roberts called it a “key liquidity day.” Reuters put reconstitution-day trade near $150 billion. Reuters
Ondas’ share count is seeing big swings. The filing details show Ondas put out 20.1 million Omnisys shares in seven chunks between May 21 and June 26. That represents about 3.9% of shares outstanding. The supplement filed on June 26 lists another 3.29 million Omnisys shares available for resale, under the restrictions in the filing.
Autonomous defense orders lift Ondas in June The main driver for Ondas continues to be defense demand. Ondas said on June 22 it’s booked over $40 million in new orders for autonomous defense systems this month, pushing order activity for the second quarter so far past $150 million. “June new orders demonstrate the increasing demand for autonomous defense technologies,” Chairman and CEO Eric Brock said. Ondas Inc.
Ondas said this week its Sentrycs unit will put Cyber-over-RF technology into Lockheed Martin’s (NYSE:LMT) Sanctum counter-drone system. Matt Bahnemann, senior manager for program management at Lockheed Martin, said the integration “expands the layered sensing and response options” for users. Ondas Inc.
Google Finance put Ondas’s market cap at $4.11 billion with a 52-week range from $1.69 to $15.28 and beta at 2.60. Shares traded at $7.89, off 48.4% from the 52-week high but up 366.9% from the low. Google
