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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): March 11, 2026
VisionWave
Holdings, Inc.
(Exact
Name of Registrant as Specified in its Charter)
| Delaware |
|
001-72741 |
|
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 March 11, 2026, VisionWave Holdings, Inc. (the
"Company") entered into a Side Letter (the "Side Letter") with C.M. Composite Materials Ltd., an Israeli corporation
(the "CM Company"), Giza Zinger Even Mezzanine, Limited Partnership ("Giza"), and Matania (Mati) Moskovitch ("Mati").
The Side Letter supplements and addresses certain obligations under the Company's previously disclosed Investment and Share Purchase Agreement
dated February 20, 2026 (the "SPA") and Loan Agreement dated February 20, 2026 (the "Loan Agreement," and together
with any promissory note issued thereunder, the "Note") with the CM Company and Mati, as well as the settlement agreement dated
February 5, 2026, between Giza, Mati, and the CM Company (the "Giza Settlement Agreement"). The SPA and Loan Agreement were
previously disclosed in the Company's Current Reports on Form 8-K filed with the Securities and Exchange Commission on February 21, 2026,
and March 5, 2026.
Pursuant to the Side Letter, among other things:
| ● | The
Company acknowledges the terms of the Giza Settlement Agreement and agrees that the CM Company's
performance thereunder (including payments, reporting, and security perfection) does not
constitute a breach or default under the SPA, Loan Agreement, Note, or related agreements. |
| ● | The
Company consents to all payments by the CM Company (or its affiliates) to Giza under the
Giza Settlement Agreement, including an immediate payment already made by the Company directly
to Giza and ongoing periodic payments, and agrees not to interfere with such payments. |
| ● | Until
full satisfaction of such obligations, neither the CM Company nor the Company shall take
actions resulting in dilution of the CM Company's shareholders, including issuances of equity,
options, warrants, or convertible securities; the Company further agrees not to exercise
conversion rights under the Note without Giza's prior written consent. |
| ● | The
Company irrevocably commits to provide aggregate funding of at least $5,000,000 to the CM
Company, allocated as $1,500,000 for working capital and $3,500,000 for establishing and
operating a new facility outside Israel. |
| ● | The
CM Company's activities outside Israel (including those funded by the committed amount) must
be conducted directly by the CM Company, not through subsidiaries or other entities, unless
pledged to Giza. |
| ● | Neither
the Company nor the CM Company shall structure transactions to circumvent the Giza Settlement
Agreement's restrictions or payment priorities. |
| ● | Mati
shall appoint an Israeli trustee (subject to Giza's approval) for certain shares of the CM
Company. |
The
foregoing description of the Side Letter does not purport to be complete and is qualified in its entirety by reference to the full text
of the Side Letter, a copy of which is filed as Exhibit 10.1 hereto and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. |
Description |
| 10.1 |
Side Letter, dated March 11, 2026, by and among VisionWave Holdings, Inc., C.M. Composite Materials Ltd., Giza Zinger Even Mezzanine, Limited Partnership, and Matania (Mati) Moskovitch. |
| 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.
| Dated: March 16, 2026 |
|
| |
|
| VisionWave Holdings, Inc. |
|
| |
|
| By: |
/s/ Douglas Davis |
|
| Name: |
Douglas Davis |
|
| Title: |
Interim Chief Executive Officer |
|