Ondas Inc. (Nasdaq:ONDS) (Ondas), a leading provider of advanced autonomous systems and next-generation defense and security technologies and services, has announced it has acquired DZYNE Technologies, LLC (DZYNE). This acquisition establishes Ondas as a vanguard autonomous defense platform, uniting complementary capabilities across multi-domain ISR, counter-UAS, autonomous effects, aerial security, precision strike, autonomous logistics, and AI-enabled mission orchestration to rapidly meet the complex, evolving requirements of modern warfare. The acquisition is valued at US$875.8 million and was financed through a cash and stock structure intended to align the incentives of DZYNE management and investors with Ondas’ stockholders. Greater than 50% of the stock consideration is subject to a six-month lock-up.
Latham & Watkins represents Citizens JMP Securities, LLC as financial advisor to the board of directors of Ondas Inc. in the transaction with a corporate team led by Los Angeles partner Steven Stokdyk, with associate Lauren Richardson.
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