Ondas Inc. filed a current report on August 10, 2026, disclosing the completion of its previously announced acquisition of Cyberhawk Holdings Limited, a private company incorporated in England and Wales.

Key Highlights

  • Acquisition closed: Ondas Inc. completed the acquisition of 100% of the issued and outstanding share capital of Cyberhawk Holdings Limited on August 10, 2026.
  • Cash consideration: The company paid $118.2 million in cash as part of the purchase price.
  • Stock consideration: The company issued 581,732 shares of common stock, par value $0.0001 per share, to the sellers.
  • Transfer restrictions: The issued shares are subject to a one-year lock-up period following the completion date, with transfers prohibited without the company's prior written consent except to certain permitted transferees.
  • Trading volume limits: Under a Registration Rights and Lock-Up Agreement, each seller is subject to daily trading volume limitations for 18 months following completion, capped at their pro rata portion of 10% of average daily trading volume on any single trading day.
  • Share Purchase Agreement date: The underlying Share Purchase Agreement was dated June 17, 2026.

Ondas Inc. Closes $118.2 Million Cyberhawk Deal With Stock and Cash

According to the filing, Ondas Inc. (NASDAQ: ONDS) completed the acquisition of Cyberhawk Holdings Limited on August 10, 2026, pursuant to a Share Purchase Agreement dated June 17, 2026. The agreement was entered into by the company, the sellers of Cyberhawk, and Christopher Fleming in his capacity as representative and agent of the sellers. Cyberhawk is described in the filing as a private company limited by shares incorporated in England and Wales.

The filing discloses that the total consideration consisted of two components: $118.2 million in cash and 581,732 shares of Ondas common stock. The shares carry a one-year restriction on transfer from the completion date, during which sellers may not transfer the shares without the company's prior written consent, other than to certain permitted transferees as defined in the Registration Rights and Lock-Up Agreement entered into on the same date.

The Registration Rights and Lock-Up Agreement imposes additional constraints for 18 months following closing, limiting each seller's daily sales to their pro rata share of 10% of the Common Stock's average daily trading volume on a given trading day. The filing also states that the company agreed to file a prospectus supplement pursuant to Rule 424(b)(7) under the Securities Act of 1933 to register the resale of the shares by sellers, subject to those restrictions. The issuance of the shares is described in the filing as exempt from Securities Act registration requirements under Regulation D and Regulation S. The filing further notes that financial statements and pro forma financial information are not required in connection with the acquisition pursuant to Rule 3-05(b) and Article 11 of Regulation S-X, respectively.

What Was Disclosed

Ondas Inc. disclosed the August 10, 2026 completion of its acquisition of Cyberhawk Holdings Limited for $118.2 million in cash and 581,732 shares of common stock, along with related lock-up and registration rights agreements governing the sellers' ability to transfer or sell those shares.