SaverOne 2014, VisionWave enter Exchange Agreement

VisionWave Holdings (VWAV) and SaverOne 2014 Ltd. (SVRE) jointly announced that they have entered into a definitive strategic Exchange Agreement to develop an RF-based defense and security technology platform. The transaction includes $7.0 million in staged equity consideration payable to SaverOne, and is structured to provide for a three-stage equity exchange and strategic collaboration between the two companies. Under the agreement, VisionWave may acquire approximately 51% of SaverOne on a fully diluted basis, subject to milestone achievement, regulatory approvals, and customary closing conditions. VisionWave will be authorized to appoint one director to SaverOne’s Board at the initial investment stage, and subject to meeting the specified development milestones, to appoint one additional director upon completion of each investment stage