Ondas Holdings Inc.

Ondas is acquiring GATE Technologies and Bron Technologies for $205 million plus earn-outs of up to $185 million, payable in cash or stock. The initial consideration includes $105 million in cash and $100 million in common stock plus a working-capital adjustment. Ondas expects the acquired business to contribute more than $130 million in cumulative adjusted EBITDA by 2028 and forecasts revenue of $65 million in 2026, rising to $180 million in 2028. Production sites in Israel and Poland will be complemented by development and manufacturing capacity built in the U.S.; first U.S. products are expected in H1 2027. » More on de.investing.com

Ondas shares dropped about 6% in early trading with no company-specific news, part of a broader selloff in small, pre-profit drone names. Red Cat fell roughly 3% while the REX Drone ETF slid 2% and the S&P 500 fell 0.5%, signaling a risk-appetite withdrawal rather than fundamental repricing. Rising 10-year Treasury yields (~4.78%) and Brent crude above $91 amid U.S.-Iran tensions are compressing valuations, hitting the smallest, high-beta drone stocks hardest. Market participants will watch Treasury auctions and any defense procurement headlines for signs of stabilization before adding exposure. » More on finance.yahoo.com

Ondas Holdings fell about 7% while Unusual Machines, Red Cat Holdings and Kratos Defense also dropped 5–8% as the drone trade unwound, suggesting positioning drove the move rather than stock-specific news. Rising 30-year Treasury yields and high valuation multiples increased pressure on the group, and China’s call to reverse Section 232 drone tariffs provided background but did not trigger the synchronous decline. Traders are advised to treat overlapping exposure to these names as a single thematic position until correlations break. » More on finance.yahoo.com