Ondas Inc. (NASDAQ:ONDS) began Thursday trading in the red. The company, a leading provider of advanced autonomous systems and next-generation defense and security technologies, announced today it has entered into a definitive agreement to acquire Cyberhawk, a global leader in critical infrastructure intelligence, drone-based inspection, visual data management and AI-enabled analytics serving utility, energy and industrial customers worldwide.
Under the terms of the agreement, the transaction is valued at approximately $125 million.
Approximately 95% of the purchase price will be funded in cash, with certain members of the Cyberhawk leadership team electing to roll approximately $5 million of proceeds into Ondas common stock, with a one-year lockup, subject to certain exceptions. The acquisition is expected to close during the third quarter of 2026, subject to customary closing conditions and regulatory approvals.
Cyberhawk has established a market-leading critical infrastructure intelligence platform serving blue-chip customers including PG&E, Southern California Edison, Shell, SSE, ESB, Qatar Energy and Bechtel.
The company has inspected more than 500,000 infrastructure assets and accumulated over 232 terabytes of proprietary infrastructure inspection data, creating a significant foundation for AI-driven analytics and operational intelligence.
This morning’s news release reports the acquisition will propel Ondas into expanding industrial infrastructure markets, advancing its strategy to build a category-defining autonomous intelligence platform across defense, security and critical infrastructure sectors.
ONDS shares slid 14 cents, or 1.6%, to $8.98.
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