NEW YORK, May 22, 2026, 12:04 EDT
- Ondas stock rose 0.54% to $9.23 late Friday morning in New York.
- The company wrapped up its Omnisys acquisition with stock on May 21, then filed a resale registration on May 22.
- U.S. markets will be shut Monday for Memorial Day, so investors have less time to react to the deal.
Ondas Inc. shares didn’t move Friday after the company wrapped up its $196.6 million all-stock purchase of Israel’s Omnisys. Traders also noted a fresh resale filing linked to a recent Mistral deal.
Shares traded at $9.23, up 0.54% at 11:49 a.m. EDT, Google Finance data showed. Volume was around 21.73 million. The company’s market cap came in at $4.57 billion. The stock is well below its 52-week peak of $15.28.
U.S. markets traded on Friday, but will be shut on Monday, May 25 for Memorial Day, according to Nasdaq. That means there’s just one full session left for stocks to react to the deal and a fresh share-registration filing before the long weekend.
Ondas said in a filing it wrapped up the Omnisys buy on May 21. The purchase price was $196,602,739.73, all in Ondas common stock. Some shares went to the sellers at close, with more stock coming later. Sellers are limited to selling no more than 15% of daily trading volume per day, the filing said.
Omnisys is rolling out Ondas software aimed at battlefield planning and real-time decision-making. Its Battle Resource Optimization platform, known as BRO, relies on artificial intelligence and operations research to control sensors, weapons and military gear during missions. The platform’s core job is to figure out how to deploy limited assets when things move quickly in the field.
Ondas Chairman and CEO Eric Brock called BRO a “proven, battle-tested software platform.” Oshri Lugassy, Co-CEO of Ondas Autonomous Systems, said the platform could enable “true closed-loop operations,” bringing detection, decision and action closer in autonomous systems. Ondas Inc.
Ondas filed on Friday to register the resale of 2,738,224 shares that went to Mistral sellers. The company said it won’t see any proceeds from these sales. According to the filing, the selling stockholders have the choice to sell all, some, or none of their shares, and they get to pick when and how much.
That’s where the overhang comes in. When resale filings show up, it doesn’t mean all those shares hit the market right away, but it signals to traders that dilution and more supply could be on the table. This sort of thing can start to matter more after the stock has already had a big run this year.
Ondas reported first-quarter revenue of $50.1 million, more than ten times what it brought in a year ago. The company raised its 2026 revenue target to a minimum of $390 million. Ondas still posted an adjusted EBITDA loss of $10.9 million. Adjusted EBITDA removes interest, taxes, depreciation and amortization, and is adjusted by Ondas.
Needham stuck with its Buy rating and $23 price target on Ondas after the Omnisys deal, saying it adds to the group’s autonomous defense software stack. The firm sees Omnisys bringing $30 million to $40 million in pro forma revenue in 2026, with more possible in 2027 if uptake improves in allied markets.
Ondas is moving deeper into defense drones and autonomous systems, vying for attention as companies like Red Cat Holdings and AeroVironment get more interest. Red Cat bills itself as a U.S. defense and national security drone supplier. AeroVironment has unmanned platforms, loitering munitions and counter-drone technology.
Stocks rose as the broader market pushed higher. Wall Street traded up Friday, according to Reuters, with the Dow reaching a new intraday record. The S&P 500 and Nasdaq also climbed. Investors watched U.S.-Iran talks and responded to firms reporting solid earnings.
Execution is the story now. Ondas is using shares to chase growth, locking in defense assets. Still, Omnisys revenue may take longer than planned, registered shares could hit the market, or defense contracts slow. Any of that could send investors back to concerns over integration and cash usage, instead of focusing on software wins.
