New York, Jan 22, 2026, 08:26 AM EST — Premarket
- Ondas shares slipped 4.3% in pre-market trading
- A director submitted a filing to sell 100,000 shares under Rule 144
- Company announced it will change its independent auditor
Ondas Inc shares dropped 4.3% in premarket Thursday, adding to a volatile run for the small-cap defense tech firm following new insider selling disclosures and plans to change auditors.
These filings come on the heels of Ondas raising roughly $1 billion through a stock and warrant sale earlier this month. Investors have zeroed in on dilution concerns and how quickly the fresh capital will translate into actual orders. (Ondas Inc.)
The move comes after last week’s update from Ondas Inc., which raised its 2026 revenue forecast to $170 million-$180 million. That boost is drawing sharper focus on how the company executes and what it reveals ahead of the next annual report. (Ondas Inc.)
On Wednesday, director Ron Stern filed a Form 144 indicating plans to sell 100,000 Ondas shares valued at roughly $1.42 million through Morgan Stanley Smith Barney. The filing noted these shares were acquired the same day through an option exercise. (Ondas Inc.)
Form 144 serves as a notification for specific insider sales under U.S. securities regulations. It indicates an intention to sell but doesn’t guarantee that a transaction has actually taken place.
In a separate 8-K filing dated Jan. 20, Ondas’ audit committee announced it has approved the dismissal of Rosenberg Rich Baker Berman, P.A. as the company’s independent registered public accounting firm. The change will take effect once the auditor finishes the fiscal year 2025 audit and Ondas files its annual report on Form 10-K.
The filing also noted the committee’s approval of BDO USA, P.C. as auditor for the fiscal year ending Dec. 31, 2026. It confirmed there were no “disagreements” with the previous auditor on accounting or audit issues, according to SEC definitions.
Ondas, which went by Ondas Holdings Inc. before, officially switched its name to Ondas Inc. on Jan. 16, according to a separate 8-K filing. (SEC)
Headquartered in West Palm Beach, Florida, the company offers drone and autonomous systems products, alongside wireless networking technology tailored for industrial sectors, per a January update. (Ondas Inc.)
That said, the setup works both ways. Insider sale alerts can ramp up pressure in low-liquidity situations, and switches in accounting firms often trigger closer looks in smaller companies—even if the filings claim there were no disagreements.
The Jan. 20 filing also highlighted that the previous auditor’s reports for 2023 and 2024 contained an explanatory paragraph raising “substantial doubt” about the company’s ability to continue as a going concern. This standard audit caution can dampen sentiment, despite Ondas emphasizing a significantly stronger cash position following recent financing.
As U.S. markets kick off at 9:30 a.m. ET, traders will be focused on whether the stock holds steady during regular hours. Attention will also turn to when Ondas files its 2025 Form 10-K, marking the completion of the auditor transition.
