AcquisitionsApr 24, 2026, 09:26 AM
Ondas Completes $175M Acquisition of Mistral Inc.
AI Summary
Ondas Inc. has completed its previously announced acquisition of Mistral, Inc. for approximately $175 million. Mistral will now operate as a wholly owned subsidiary of Ondas. The consideration includes a mix of common stock issued directly to the stockholder, shares placed in escrow for adjustments, and deferred consideration released over three years, plus additional stock consideration.
Key Highlights
- Ondas completed Mistral Inc. acquisition for ~$175 million.
- Mistral is now a wholly owned subsidiary of Ondas.
- Initial consideration: 1,567,735 common shares to stockholder.
- 261,289 shares in escrow for adjustments.
- 783,867 shares in deferred escrow, released over three years.
- Additional $150M in common stock to be issued.