Ondas Holdings Inc. (NASDAQ: ONDS) has reached agreement to acquire American Robotics, the first drone company to receive Federal Aviation Authority beyond-visual-line-of-sight (BVLOS) approval.
Ondas will pay approximately $70.6 million in a combination of cash and equity securities for American Robotics. The transaction is subject to closing conditions, including approval by the Ondas stockholders of the equity securities to be issued to American Robotics stockholders, and is expected to close...
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