Ondas completes acquisition of Airobotics

Ondas Holding announced it has completed the previously announced acquisition of AIROBOTICS, an Israeli-based developer of autonomous unmanned aircraft systems and automated data analysis and visualization platforms, effective January 23, 2023. Pursuant to the definitive acquisition agreement, each issued and outstanding share of Airobotics was converted into, and exchanged for, 0.16806 shares of Ondas common stock. Ondas issued approximately 2.8 million shares as consideration to the Airobotics shareholders. As a result of the acquisition, the Company will be dual listed on Nasdaq and the Tel Aviv Stock Exchange. The first trading day of the Company’s shares on TASE is expected to be January 26, 2023.