New York, Feb 12, 2026, 07:10 EST — Premarket
- Ondas shares dropped roughly 4% in premarket trade following a pair of SEC filings on Feb. 11.
- The filing featured a revised investor deck, plus new specifics on the upcoming Rotron Aerospace buyout.
- Deal timing, purchase terms, and the upcoming results—these are the things investors have their eyes on right now.
Shares of Ondas Inc (ONDS) dropped roughly 4.4%, landing at $9.23 early Thursday before the bell. The move came as the company released revised investor materials and further details related to its proposed acquisition of UK-based drone maker Rotron Aerospace.
Back-to-back filings are drawing attention. Ondas’ recent surge owes a lot to deal headlines and talk of growth tied to defense, but investors keep pressing for specifics: What exactly is being acquired, how much is it costing, and how quickly can those assets ramp up?
Ondas disclosed in a Feb. 11 SEC filing that Mark Green, the firm’s global head of corporate development and M&A, was quoted regarding the company’s entry into a definitive agreement to acquire Rotron Aerospace.
The deal calls for a combination of cash and stock as payment, according to a statement in the filing. Closing remains contingent on standard conditions and the green light from regulators.
Green, in the statement, said Rotron adds “elite engineering talent, advanced propulsion technology and mission-specific platforms”—all expected to give a major boost to the company’s defence solutions portfolio. For founder and CTO Gilo Cardozo, the deal marks “a defining moment” for Rotron.
Ondas submitted a revised investor presentation, which the company said is intended for upcoming meetings with investors and analysts.
Ondas, in its presentation, pegged the total addressable market worldwide for counter-drone, drone, and ground-robotics at roughly $117 billion — that’s their estimate for the whole pie. The company’s numbers for the “serviceable addressable market” came in a lot lower, at $7.5 billion, drawing on third-party research and its own internal projections.
According to one slide, the global counter-drone market—covering systems built to spot and neutralize hostile drones—could hit roughly $10.5 billion by 2030.
The filings left out Rotron’s sale price. That’s a detail traders don’t like to miss in small-cap deals—no terms means it’s tough to pin down possible dilution, the cash impact, or how much of a premium the market has already baked in.
There’s also the uncertainty around the deal closing. Regulatory hurdles and cross-border logistics have a way of dragging things out. Defense spending? It’s unpredictable—orders often turn up late or get reshuffled with changes in policy or procurement timing.
Eyes turn next to potential follow-up filings that could pin down Rotron’s valuation and provide a firmer sense of when the deal might close. For Ondas, the next major marker is its quarterly earnings—Zacks pegs that for around March 11, but so far, the company hasn’t given an official date. 1
