Ondas Holdings Inc. (ONDS) saw its stock price surge 5.10% in Thursday's trading session following the announcement of a significant strategic investment. The company revealed a $35 million investment in Performance Drone Works (PDW), a leading manufacturer of combat robotics for the U.S. military, sparking investor enthusiasm.

The strategic move aims to accelerate PDW's growth as a category leader in combat robotics and strengthen Ondas' position in AI-enabled autonomous defense platforms. The investment will be utilized to scale up production at PDW's 90,000 square-foot facility in Huntsville, Alabama, which has an impressive capacity to produce up to 100,000 advanced drone systems annually. Additionally, the funding will support an increase in engineering staff and the procurement of domestically sourced, NDAA-compliant components.

In a separate development, Ondas Holdings also held a special meeting of stockholders on the same day. Shareholders approved an amendment to increase the number of authorized shares of common stock from 400,000,000 to 800,000,000, as well as an amendment to the 2021 Stock Incentive Plan to increase the number of shares authorized for issuance. These approvals, coupled with the strategic investment announcement, appear to have bolstered investor confidence in the company's growth prospects, contributing to the significant stock price increase.