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VisionWave Holdings ( (VWAV) ) has issued an announcement.
On December 26, 2025, VisionWave Holdings advanced $398,345 to Israel-based C.M. Composite Materials Ltd. under a 24‑month, non‑interest‑bearing (absent default) promissory note maturing December 31, 2027, structured as a standalone, enforceable financial obligation that is not dependent on any acquisition, merger, or strategic transaction. On December 29, 2025, Chief Executive Officer and director Noam Kenig resigned for personal reasons, with the board appointing Executive Chairman Douglas Davis as Interim CEO and naming director Eric Shuss as Independent Lead Director, moves that consolidate leadership without altering existing compensation arrangements. VisionWave also disclosed that it has a letter of intent, as amended, with C.M. Composite Materials for a potential strategic transaction that remains subject to due diligence, definitive agreements, board approvals, valuation and fairness opinions, and other customary conditions, with no assurance that a deal will be completed and with the note remaining enforceable regardless of transaction outcome.
More about VisionWave Holdings
VisionWave Holdings, Inc. is a publicly listed holding company that engages in strategic transactions and investments, including a current focus on a potential deal with Israeli-based C.M. Composite Materials Ltd., reflecting an interest in composite materials and related technologies.
Average Trading Volume: 255,242
Technical Sentiment Signal: Sell
Current Market Cap: $146.2M
For an in-depth examination of VWAV stock, go to TipRanks’ Overview page.