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.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.
