Ondas acquires remaining 30% of 4M Defense parent company
Ondas acquired the remaining 30% of Chirokka Holding for 352,968 Ondas shares plus up to $1.4M earn-out.
Evidence notes
- Ondas acquired the remaining 30% of Chirokka Holding, the parent company of 4M Defense.
- Consideration included 352,968 Ondas common shares plus up to $1.4 million in additional shares subject to earn-out milestones.
- The transaction completed Ondas' ownership consolidation of 4M Defense after the earlier controlling-interest acquisition.
Company context
Public autonomous-defense and industrial-intelligence platform built through acquisitions across drones, counter-UAS, ground robotics, ISR, mission software and private wireless networking. The DZYNE acquisition adds long-endurance ISR aircraft, counter-UAS systems and autonomous effects.