Ondas Inc. Closes World View Acquisition, Adds High-Altitude Surveillance as Stock Rises
Ondas Inc. completed its acquisition of World View Enterprises, issuing up to 12.8 million shares and $7.3 million in cash. Shares rose 2% after the deal, which adds high-altitude surveillance platforms to Ondas’ defense business. Ondas reported a $101 million Q4 net loss as acquisition costs rose. World View will operate under Ondas Autonomous Systems.