Ondas acquires DZYNE Technologies for $875.8M in cash and stock, expanding defense portfolio

Filed July 6, 2026 · Period ending July 2, 2026 · ~2 min read

Key Changes

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  Ondas acquired DZYNE Technologies for $875.8M ($200M cash, 85M shares valued at ~$675M), giving DZYNE shareholders 13.8% ownership with over half subject to six-month lock-up.

  Item 2.01 — Completion of Acquisition or Disposition of Assets verify on EDGAR →
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  DZYNE projects $191M revenue in 2026, over $300M in 2027, with 80%+ CAGR through 2028; EBITDA-positive in 2026, margins rising to mid-teens in 2027 and mid-20% by 2028.

  Exhibit 99.3 verify on EDGAR →
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  Ondas raised 2026 revenue target to at least $525M (from $390M), reflecting DZYNE and recent Omnisys acquisition; combined backlog $457M at Q1 2026 plus $111M from DZYNE.

  Exhibit 99.3 verify on EDGAR →