VisionWave aligns with largest creditor of C.M. Composite Materials

VisionWave (VWAV) Holdings has reached an agreement with the largest creditor of C.M. Composite Materials, a step the Company believes strengthens the path toward completing its previously announced agreement to acquire a 51% controlling interest in the Israeli aerospace and defense manufacturing company. The agreement seeks to align VisionWave, C.M., and its principal creditor regarding existing settlement obligations and clarifies the framework under which C.M. will continue to satisfy those obligations. VisionWave believes the alignment removes a potential structural obstacle that could otherwise have delayed or prevented completion of the transaction. The agreement was disclosed in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission and confirms that compliance with C.M.’s creditor settlement obligations will not constitute a breach of VisionWave’s previously disclosed investment and financing agreements related to the transaction. The agreement also includes VisionWave’s commitment to provide at least $5 million in funding to support C.M.’s working capital and strategic expansion initiatives.