New York, June 22, 2026, 15:01 (EDT)
- Ondas NASDAQ:ONDS slipped 1.9% to $9.09 in afternoon Nasdaq trading. The move comes after the company put out news of over $40 million in June orders for defense systems.
- Ondas filed to register 3.13 million acquisition-linked shares for resale in a same-day SEC filing. The company said it doesn’t get any proceeds.
- Stock supply is a bigger issue than orders, and it’s getting missed: Omnisys deal consideration has come in several stock installments, with one more payment set to go out.
Ondas Inc. NASDAQ:ONDS dropped 1.9% to $9.09 Monday afternoon, hit by a resale filing after new defense orders. The stock traded as high as $9.53 earlier. Trading volume topped 44 million shares by 2:46 p.m. EDT, as the filing, tied to old acquisitions, landed the same day as the contract news and weighed on the move.
Ondas NASDAQ:ONDS logged over $40 million in June orders for autonomous defense systems. The company said second-quarter order activity so far topped $150 million, boosted by demand for its counter-UAS systems—used to detect or halt enemy drones—and loitering munitions, drones or weapons that linger before striking.
Why it matters now: On the same day, Ondas put out a prospectus supplement for the resale of 3,126,979 shares by selling stockholders, with most of the stock linked to its Omnisys buy. The company said any money from those sales will go to the selling stockholders and not to Ondas. So this isn’t a new cash raise for Ondas. But it can lead to a stock overhang, since investors may see more shares hitting the market later.
Installment terms in the deal are key. The filing shows Ondas has issued around 16.8 million shares so far, covering six Omnisys-related stock payouts from May 21 through June 22. Stock consideration is still outstanding, with more due after the 24th trading day post-Omnisys closing. According to the filing, Omnisys sellers can only sell up to 15% of the average daily trading volume per day, based on the last 10 trading days.
Uneven trading fits with what’s happening. Orders could back the revenue line, but the newly registered acquisition stock is another supply source for now, right when traders are figuring out demand. The 3.13 million-share resale registration filed Monday is about 7% of Ondas’ intraday volume as of 2:46 p.m. EDT. That’s not huge volume for a busy session, but if liquidity drops it could move things.
Ondas CEO Eric Brock said June orders point to “increasing demand” for autonomous defense technologies. He called counter-drone systems an “urgent priority” for governments. Oshri Lugassy, co-CEO of Ondas Autonomous Systems, said customers are shifting from buying single drone products to buying integrated systems with air defense, intelligence, strike, and robotic capabilities. Ondas inc.
The stock was weak with others in the drone and defense space. AeroVironment NASDAQ:AVAV slid 10.3%. Red Cat Holdings NASDAQ:RCAT fell 5.8%. Kratos Defense & Security Solutions NASDAQ:KTOS dropped 5.2%. IWM, which tracks small-caps, was up about 1.0%. The split points to sector selling, but Ondas also had a supply issue showing up.
Acquisitions are still driving the corporate strategy. Ondas said last week it will acquire Cyberhawk for around $125 million, with most of the payment in cash. The deal brings Ondas drone inspection, infrastructure data, and AI analytics focused on utility and energy clients. Ondas expects Cyberhawk to deliver over $45 million in revenue for the fiscal year ending March 2027 and reported a backlog of $95 million.
That deal signals another point: Ondas is working to connect defense autonomy with monitoring for critical infrastructure. The idea is that the company thinks its drone sensing, command software and asset data products might find buyers among both militaries and utilities or energy firms. If that commercial push pans out, it could mean revenue becomes less tied to defense budgets.
The setup isn’t all upside. Orders don’t count as revenue, deals can get delayed, and using more stock for deals can weigh on the shares even if the operations look strong. The Cyberhawk deal needs regular sign-offs. Ondas says in its filing that its forward-looking statements have risks and results might not meet forecasts.
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