Shareholder alert: weisslaw llp investigates ondas holdings inc.

New york, may 19, 2021 /prnewswire/ -- weisslaw llp is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of ondas holdings inc. ("ondas" or the "company") (nasdaq: onds) in connection with the company's proposed acquisition of american robotics, inc. ("american robotics") in a mixed cash-and-stock transaction. under the terms of the merger agreement, ondas will acquire american robotics for (a) cash consideration of approximately $7,500,000, (b) 6,750,000 shares of company common stock, (c) warrants exercisable for 1,875,000 shares of company common stock, and (d) a potential cash payment released to the company's stockholders from the company's ppp loan escrow amount.
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