VisionWave Acquires Solar Drone Ltd. In $21.6M Stock And Warrant Transaction

VisionWave Holdings, Inc. (Nasdaq: VWAV) ("VisionWave" or the "Company"), a multi-domain technology company building next-generation autonomous robotics, RF imaging, and AI-driven sensing, today announced the completion of its acquisition of Solar Drone Ltd., adding a field-proven, AI-powered autonomous aerial platform designed for persistent operations across defense, security, and energy infrastructure.

The transaction closed on December 15, 2025, pursuant to the previously disclosed Share Purchase Agreement with BladeRanger Ltd. (TASE: BLRN), with details reported in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on December 17, 2025.

Transaction Overview

Under the terms of the transaction, VisionWave acquired 100% of the issued and outstanding shares of Solar Drone Ltd. in exchange for:

• 1,500,000 shares of VisionWave common stock, and
• 300,000 pre-funded common stock purchase warrants, exercisable at a nominal price of $0.01 per share.

The transaction includes a value-protection mechanism designed to ensure total consideration of $21.6 million, subject to the terms and conditions set forth in the definitive agreements.

The securities were issued in a private placement exempt from registration under Section 4(a)(2) of the Securities Act of 1933, as amended, and Regulation D promulgated thereunder.