AGM/EGMMay 4, 2026, 08:42 AM
Ondas Seeks Share Increase to 1.2B for M&A; Reports $457M Backlog
AI Summary
Ondas Inc. is seeking stockholder approval to increase its authorized shares from 800 million to 1.2 billion at its upcoming Annual Meeting on May 28, 2026. This proposal is critical to support the company's strategic growth, including ongoing acquisitions, following 5 acquisitions in 2026 totaling $557 million. The company reported strong 2025 revenue of $50.7 million, a 605% year-over-year increase, and an expanded backlog of $457 million, targeting at least $375 million in 2026 revenue. Ondas also maintains a strong balance sheet with over $1.4 billion in cash and short-term investments.
Key Highlights
- Stockholders to vote on increasing authorized shares from 800 million to 1.2 billion.
- Reported 2025 revenue of $50.7 million, reflecting 605% year-over-year growth.
- Backlog increased to $457 million, targeting at least $375 million in 2026 revenue.
- Executed 5 acquisitions in 2026 for $557 million, expected to generate $230 million in 2026 revenue.
- M&A pipeline includes over 25 opportunities with a combined potential run rate of $500 million in 2026 revenue.
- Held over $1.4 billion in cash and short-term investments as of March 31, 2026.
- Annual Meeting of Stockholders scheduled for May 28, 2026.