Ondas to Buy Controlling Stake in 4M Defense

MT Newswires Live10-27

Ondas (ONDS) said Monday it has agreed to buy a controlling stake in Israeli demining company 4M Defense.

Financial details were not provided.

In addition to buying the stake, Ondas said it will provide 4M Defense with access to more capital, operational scale, and global distribution.

Shares of Ondas advanced more than 10% in recent premarket activity Monday.

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