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Ondas (ONDS) Loses 9.8% on Profit-Taking
Yahoo Financeยท 2025-10-29 14:29
Group 1 - Ondas Holdings Inc. (NASDAQ:ONDS) experienced a significant decline of 9.83% on Tuesday, closing at $6.79, as investors engaged in profit-taking after three consecutive days of gains [1][3] - The company announced its acquisition of a majority stake in 4M Defense Ltd., an Israeli company specializing in advanced demining technologies, including robotic systems and AI-powered intelligence [2][3] - The acquisition aims to provide 4M Defense with additional capital, operational scale, and global distribution, while retaining the founding leaders to ensure continuity and integration with Ondas's autonomous drone and AI platforms [3][4] Group 2 - Ondas Holdings emphasized the urgent need for scalable technologies to address threats from landmines and subsurface hazards in conflict areas, including Israel and Ukraine, positioning itself to accelerate market execution and operational impact [4]