ONDS Drops, DZYNE Deal Shares Lose $73 Million, Valuation Still Faces 8.3x Sales Hurdle
Ondas Inc. was down about 2.3% to $7.09 late Monday morning. At that level, the roughly 85 million shares going to DZYNE Technologies’ sellers were valued near $602.7 million. That’s about $72.8 million below the $675.48 million listed in a regulatory filing.