NasdaqCM:ONDSCommunications
Ondas (ONDS) Is Down 11.0% After Seeking Big Share Increase To Fund Mistral Defense Push
In April 2026, Ondas Inc. asked shareholders to approve raising its authorized common stock from 800,000,000 to 1,200,000,000 shares, following strong revenue growth, higher 2026 guidance, and the closing of its US$175,000,000 Mistral Inc. acquisition to become a fully integrated U.S. defense prime contractor.
These moves, combined with new defense contracts and international expansion, highlight Ondas’ push to scale its autonomous drone and counter‑UAS business across key security...