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VisionWave (VWAV) signs deal to acquire 51% stake in Israel’s Meteor Aerospace

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Form Type
8-K

Rhea-AI Filing Summary

VisionWave Holdings, Inc. entered into a binding Acquisition Agreement to buy a 51% controlling interest in Israeli defense company Meteor Aerospace Ltd. The deal values Meteor at a pre-money equity valuation of $40.0 million, with VisionWave paying approximately $20.4 million in VisionWave common stock.

Consideration will include about $6.0 million of unrestricted shares and about $14.4 million of restricted shares subject to a six-month lock-up, with the share count based on the five-day VWAP before closing. Closing depends on successful live flight validation of Meteor’s Impact-700 unmanned aerial system, completion of extensive due diligence, and other customary conditions.

Upon completion, VisionWave will obtain board control at Meteor, gain rights over major corporate actions, and access a portfolio of unmanned systems, electronic warfare and C4ISR technologies. Meteor founder Itzhak Nissan is expected to remain for at least three years as Chief Technology Director.

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Insights

VisionWave signs stock-funded deal for 51% of Israeli defense firm Meteor Aerospace.

VisionWave plans to acquire 51% of Meteor Aerospace for VisionWave stock valued at about $20.4 million, implying a $40.0 million pre-money equity valuation for Meteor. Consideration is split between unrestricted and six-month locked-up restricted shares, aligning incentives around post-closing performance.

Closing is conditioned on extensive legal, technical, cybersecurity, export-control and commercial due diligence, plus a live flight validation of the Impact-700 unmanned aerial system. These conditions, along with required approvals and integration steps, introduce execution risk that the company highlights in its forward-looking statements.

If completed, VisionWave would gain board control, a suite of unmanned air, ground, maritime and electronic warfare technologies, and the ongoing involvement of founder Itzhak Nissan as Chief Technology Director. Future disclosures in company filings may provide more detail on integration progress and any capital needs related to this expansion.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 7.01 Regulation FD Disclosure Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Meteor pre-money valuation $40.0 million Pre-money equity valuation for Meteor Aerospace in Acquisition Agreement
Equity stake acquired 51% Portion of issued and outstanding share capital of Meteor to be acquired
Total consideration Approximately $20.4 million Aggregate value of VisionWave common stock issued for 51% stake
Unrestricted share component Approximately $6.0 million Value of unrestricted VisionWave common stock in consideration mix
Restricted share component Approximately $14.4 million Value of restricted shares subject to six-month lock-up
Lock-up period Six months Contractual lock-up on restricted VisionWave shares after closing
Exclusivity period Thirty days Period during which Meteor cannot solicit alternative deals
Board seats controlled Three of five directors Number of Meteor board seats VisionWave may appoint post-closing
Material Definitive Agreement regulatory
"Item 1.01 Entry into a Material Definitive Agreement."
A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.
pre-money equity valuation financial
"The Agreement values Meteor at a pre-money equity valuation of $40.0 million."
volume weighted average price financial
"based upon the volume weighted average price (“VWAP”) of VisionWave common stock"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
binding Acquisition Agreement regulatory
"entered into a binding Acquisition Agreement (the “Agreement”) with Meteor Aerospace Ltd."
C4ISR technical
"advanced unmanned systems, electronic warfare, C4ISR and national defense architecture solutions"
C4ISR stands for Command, Control, Communications, Computers, Intelligence, Surveillance and Reconnaissance and describes the networked systems that collect information, make sense of it, and let decision-makers direct forces or assets. Think of it as a military or security organization’s nervous system and traffic-control center rolled into one. Investors care because companies that build or supply C4ISR gear and software often win long-term government contracts, drive recurring revenue, and signal exposure to defense spending and technology cycles.
forward-looking statements regulatory
"This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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false 0002038439 0002038439 2026-06-29 2026-06-29 0002038439 VWAV:CommonStockParValue0.01PerShareMember 2026-06-29 2026-06-29 0002038439 VWAV:RedeemableWarrantsEachWholeWarrantExercisableForOneShareOfCommonStockAtExercisePriceOf11.50Member 2026-06-29 2026-06-29 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

Form 8-K

 

Current Report
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): June 29, 2026

 

VisionWave Holdings, Inc.

(Exact Name of Registrant as Specified in its Charter)

 

Delaware   001-42741   99-5002777
(State or other jurisdiction
of incorporation) 
  (Commission File Number)    (I.R.S. Employer
Identification No.) 

 

300 Delaware Ave., Suite 210 # 301

Wilmington, DE.

  19801
(Address of Principal Executive Offices)    (Zip Code) 

 

Registrant’s telephone number, including area code: (302) 305-4790

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol   Name of each exchange on which registered
Common Stock, par value $0.01 per share   VWAV   The Nasdaq Stock Market LLC
Redeemable Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50   VWAVW   The Nasdaq Stock Market LLC

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

 

 

 

Item 1.01 Entry into a Material Definitive Agreement.

 

On June 29, 2026, VisionWave Holdings, Inc. (the “Company” or “VisionWave”) entered into a binding Acquisition Agreement (the “Agreement”) with Meteor Aerospace Ltd. (“Meteor”), an Israeli aerospace and defense company pursuant to which the Company agreed to acquire fifty-one percent (51%) of the issued and outstanding share capital of Meteor, subject to the satisfaction of specified closing conditions.

 

Meteor is engaged in the development, manufacturing and commercialization of aerospace and defense technologies, including unmanned aerial systems, unmanned ground systems, unmanned surface vessels, loitering munition systems, electronic warfare technologies, command, control, communications, cyber and battlefield management systems, and related intellectual property.

 

The Agreement values Meteor at a pre-money equity valuation of $40.0 million.

 

Subject to the satisfaction of all closing conditions, VisionWave will acquire 51% of the issued and outstanding equity interests of Meteor for aggregate consideration having a value of approximately $20.4 million, consisting of:

 

● approximately $6.0 million of unrestricted shares of VisionWave common stock; and

 

● approximately $14.4 million of restricted shares of VisionWave common stock, subject to a contractual lock-up period of six months following closing.

 

The number of shares to be issued will be determined based upon the volume weighted average price (“VWAP”) of VisionWave common stock during the five trading days immediately preceding the closing date.

 

The closing of the transaction is expressly conditioned upon, among other things:

 

● successful completion of a live flight validation of Meteor’s Impact-700 unmanned aerial system;

 

● VisionWave’s satisfactory completion of legal, financial, operational, technical, aerospace, cybersecurity, export control, intellectual property and commercial due diligence;

 

● satisfaction or waiver of other customary closing conditions.

 

The Agreement provides that the flight validation is intended to verify the operational integrity, engineering functionality and basic flight capability of the Meteor Impact-700 platform and is not intended to demonstrate maximum performance specifications, commercial readiness or full operational capabilities.

 

Upon closing, VisionWave will obtain a controlling interest in Meteor and will have the right to appoint three of the five directors serving on Meteor’s Board of Directors, designate the Chairman of the Board and approve major corporate actions. All directors are required to be Israeli citizens.

 

The Agreement further provides for:

 

● a thirty-day exclusivity period during which Meteor and its shareholders may not solicit or negotiate alternative acquisition or financing transactions, subject to limited exceptions;

 

● customary confidentiality obligations;

 

● representations and warranties regarding ownership, intellectual property, regulatory compliance and accuracy of information;

 

 

 

● binding arbitration in Israel for dispute resolution; and

 

● the continued involvement of Meteor founder Itzhak Nissan, former President and Chief Executive Officer of Israel Aerospace Industries Ltd., who is expected to enter into an executive employment and/or consulting agreement at closing and serve as Chief Technology Director of Meteor for a minimum period of three years following closing.

 

The Agreement contemplates that the acquisition will include Meteor’s existing and future products, technologies, software, intellectual property, research and development activities, engineering developments, manufacturing capabilities and related business assets, including, among others:

 

● Impact-700 tactical unmanned aerial vehicle;

 

● Impact-1400 strategic MALE unmanned aerial vehicle;

 

● Rambow unmanned ground vehicle;

 

● Orca unmanned surface vessel;

 

● MERLOW loitering munition system;

 

● electronic warfare and SIGINT technologies;

 

● command, control, communications, cyber and battlefield management systems; and

 

● related aerospace and defense technologies.

 

The Company expects to utilize the acquired technologies to expand its autonomous systems, defense technologies and integrated security solutions portfolio.

 

The foregoing summary of the Agreement does not purport to be complete and is qualified in its entirety by reference to the Agreement filed as Exhibit 10.1 to this Current Report, which is incorporated herein by reference.

 

Concurrently with execution of the Agreement, the Company issued a press release announcing the transaction. A copy of the press release is furnished as Exhibit 99.1 to this Current Report and is incorporated herein by reference.

 

Item 7.01 Regulation FD Disclosure.

 

On June 30, 2026, the Company issued a press release announcing the execution of the Acquisition Agreement described in Item 1.01 of this Current Report.

 

A copy of the press release is furnished as Exhibit 99.1.

 

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference into any filing under the Securities Act of 1933 or the Exchange Act except as expressly set forth by specific reference in such filing.

 

 

 

Forward-Looking Statements

 

This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the proposed acquisition of Meteor Aerospace Ltd., the anticipated benefits of the transaction, expected closing, future operations, technology integration and other future events.

 

These statements are based upon current expectations and involve risks and uncertainties that could cause actual results to differ materially, including, without limitation, the satisfaction of closing conditions, completion of due diligence, successful completion of flight validation, regulatory approvals, integration risks and other factors described in the Company’s filings with the Securities and Exchange Commission.

 

The Company undertakes no obligation to update any forward-looking statements except as required by law.

 

Item 9.01 Financial Statements and Exhibits.

 

(d) Exhibits.

 

Exhibit No. Description
10.1 Acquisition Agreement dated June 29, 2026, by and among VisionWave Holdings, Inc., Meteor Aerospace Ltd. and certain shareholders of Meteor Aerospace Ltd
99.1 Press Release dated June 30, 2026
104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: June 30, 2026

 

VISIONWAVE HOLDINGS, INC.

 

By: /s/ Douglas Davis  
Name:  Douglas Davis  
Title: Chief Executive Officer  

 

 

 

 

EXHIBIT 99.1

 

VisionWave Signs Definitive Agreement to Acquire Controlling Interest in Meteor Aerospace

 

Proposed Acquisition Would Expand VisionWave into Advanced Unmanned Systems, Electronic Warfare, C4ISR and National Defense Architecture Solutions

 

West Hollywood, Calif., June 30, 2026 – VisionWave Holdings, Inc. (Nasdaq: VWAV) (“VisionWave or the Company), a defense technology company developing advanced artificial intelligence, autonomous systems and next-generation security technologies, today announced that it has entered into a definitive binding agreement to acquire a 51% controlling interest in Meteor Aerospace Ltd., a privately held Israeli aerospace and defense company recognized for its portfolio of advanced unmanned systems, precision defense technologies and integrated national security solutions.

 

Under the agreement, Meteor Aerospace is valued at a pre-money equity valuation of $40 million. Upon satisfaction of customary closing conditions, including successful flight validation of Meteor’s Impact-700 unmanned aerial platform and completion of legal, financial and technical due diligence, VisionWave will acquire 51% of Meteor through the issuance of VisionWave common stock having an aggregate value of approximately $20.4 million.

 

Founded by Itzhak Nissan, former President and Chief Executive Officer of Israel Aerospace Industries (IAI), Meteor Aerospace has developed a diversified portfolio of aerospace and defense technologies, including:

 

·Tactical and strategic unmanned aerial vehicles (UAVs);

 

·Unmanned ground vehicles (UGVs);

 

·Unmanned surface vessels (USVs);

 

·Long-range precision loitering munition systems;

 

·Electronic warfare (EW) and SIGINT technologies;

 

·Command, Control, Communications, Cyber and Battlefield Management (C4ISR) systems;

 

·Integrated sovereign defense and homeland security architectures.

 

Unlike traditional defense manufacturers focused on a single product category, Meteor has positioned itself as an integrated defense technology company capable of delivering complete multi-domain operational solutions spanning air, land, sea and electronic warfare environments.

 

Upon completion of the transaction, VisionWave expects to obtain a controlling interest in Meteor Aerospace, appoint a majority of its Board of Directors and integrate Meteor’s technologies into VisionWaves rapidly expanding global defense technology platform.

 

The agreement also provides for the continued involvement of Meteor founder Itzhak Nissan, who is expected to continue leading Meteor’s technological activities following closing as Chief Technology Director.

 

Douglas Davis, Executive Chairman and Chief Executive Officer of VisionWave, stated:

 

This agreement represents and the proposed transaction will represent a significant strategic milestone in VisionWaves history assuming we are able to close the transaction. This proposed transaction just does not represent another defense company—we would be adding decades of aerospace engineering excellence, advanced autonomous platforms, electronic warfare capabilities, battlefield command-and-control technologies and a highly experienced management team with an exceptional heritage in the global defense industry.

 

 

 

Mr. Davis continued:

 

Combined with VisionWaves existing artificial intelligence, advanced sensing and defense technology initiatives, we believe this transaction has the potential to create a diversified defense technology platform capable of addressing rapidly growing global demand for autonomous systems, integrated battlefield solutions and sovereign security modernization.

 

The proposed acquisition remains subject to customary closing conditions, including successful completion of the agreed flight validation – which is a material event, satisfactory due diligence and other conditions contained in the definitive acquisition agreement. There can be no assurance that the transaction will be completed on the terms described, or at all.

 

About VisionWave Holdings, Inc.

 

VisionWave Holdings, Inc. (Nasdaq: VWAV) is a defense and advanced sensing technology company developing AI-driven, RF-based sensing, autonomy, and computational acceleration technologies for defense, homeland security, and commercial infrastructure applications. VisionWave’s mission is to connect defense innovation with civilian progress through shared core technologies deployed across air, land, and fixed-site environments. The Companys website is https://www.vwav.inc

 

About Meteor Aerospace Ltd.

 

Meteor Aerospace Ltd. is an Israeli aerospace and defense company specializing in advanced unmanned aerial, ground and maritime systems, electronic warfare technologies, precision strike solutions, C4ISR systems and integrated sovereign defense architecture. The company was founded by Itzhak Nissan, former President and Chief Executive Officer of Israel Aerospace Industries. Meteor Aerospace Ltd website is: https://www.m-aerospace.com/

 

Forward-Looking Statements

 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the proposed acquisition by VisionWave Holdings, Inc. (“VisionWave or the Company) of a 51% controlling interest in Meteor Aerospace Ltd. (Meteor); the anticipated timing and completion of the transaction; the satisfaction of the conditions to closing, including the successful completion of the flight validation of the Meteor Impact 700; the expected benefits, strategic rationale and synergies of the transaction; the integration of Meteors products, technologies and personnel; the Companys future operations, growth and expansion; and the Companys intended use of the acquired technologies. These statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially. Forward-looking statements are generally identified by words such as believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict, and similar expressions, or by statements that events or trends may,” “will, or could occur.

 

Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied, including, but not limited to, the failure to successfully complete the flight validation of the Meteor Impact 700, which is a binding condition to closing; the failure to satisfy or waive the other conditions to closing, including the satisfactory completion of the Company’s legal, financial, operational, technical, aerospace, cybersecurity, export-control, intellectual property and commercial due diligence; the risk that the transaction is not completed on the anticipated timeline or at all; the share-based nature of the consideration, the determination of the number of shares issuable based on the volume weighted average price of VisionWave common stock prior to closing, and the resulting dilution to existing stockholders; risks relating to the resale of, and the contractual lock-up applicable to, the shares to be issued; the failure to obtain required regulatory, governmental and export-control approvals under applicable U.S. and Israeli law; risks associated with integrating Meteors business, technologies and personnel; the Companys ability to retain key personnel, including Meteors founder; risks of operating in Israel and in the global defense and aerospace industry, including geopolitical, security, regulatory and supply-chain conditions; the results of due diligence and the accuracy of the representations made to the Company; the Companys need for, and ability to obtain, additional capital; and general economic, market and industry conditions, and other risks described in the Companys filings with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date of this press release and are expressly qualified in their entirety by the cautionary statements included in this press release and in the Companys SEC filings. VisionWave undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Investors are cautioned not to place undue reliance on these forward-looking statements.

 

Contact: investors@vwav.inc

 

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FAQ

What acquisition did VisionWave Holdings (VWAV) announce in this 8-K?

VisionWave announced a binding agreement to acquire a 51% controlling interest in Meteor Aerospace Ltd., an Israeli aerospace and defense company with advanced unmanned systems, electronic warfare technologies, and integrated national security solutions, subject to flight validation, due diligence, and other customary closing conditions.

How much is Meteor Aerospace valued at in the VisionWave (VWAV) transaction?

The agreement gives Meteor Aerospace a pre-money equity valuation of approximately $40.0 million. VisionWave plans to acquire 51% of Meteor’s equity through an all-stock consideration package valued at about $20.4 million, issued in VisionWave common shares determined by a pre-closing VWAP formula.

What is the structure of the $20.4 million consideration VisionWave (VWAV) will pay?

VisionWave will issue common stock valued at about $20.4 million, including roughly $6.0 million in unrestricted shares and approximately $14.4 million in restricted shares. The restricted shares carry a six-month lock-up period following closing, helping align Meteor’s shareholders with VisionWave’s post-closing performance.

What key conditions must be satisfied before the VisionWave–Meteor deal closes?

Closing requires successful live flight validation of Meteor’s Impact-700 unmanned aerial system and VisionWave’s satisfactory completion of legal, financial, operational, technical, aerospace, cybersecurity, export-control, intellectual property and commercial due diligence, plus other customary closing conditions specified in the definitive acquisition agreement.

How will VisionWave (VWAV) control Meteor Aerospace after the acquisition?

Upon completion, VisionWave will hold 51% of Meteor’s equity and gain the right to appoint three of five directors, designate the board chair, and approve major corporate actions. All directors must be Israeli citizens, aligning corporate governance with Meteor’s local operating environment and regulatory context.

What role will Meteor founder Itzhak Nissan have after VisionWave’s acquisition?

The agreement anticipates that founder Itzhak Nissan, former CEO of Israel Aerospace Industries, will enter an executive employment or consulting agreement at closing. He is expected to serve as Meteor’s Chief Technology Director for at least three years, continuing to lead Meteor’s technological activities and development.

How will the number of VisionWave (VWAV) shares issued in the Meteor deal be determined?

The number of VisionWave common shares issued will be based on the volume weighted average price of VisionWave’s stock over the five trading days immediately before closing. This formula ties the exact share count to VisionWave’s market price at that time, while keeping the agreed value near $20.4 million.

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