VisionWave completes acquisition of Solar Drone

VisionWave (VWAV) Holdings announced the completion of its acquisition of Solar Drone, adding a field-proven, AI-powered autonomous aerial platform designed for persistent operations across defense, security, and energy infrastructure. The transaction closed on December 15, 2025, pursuant to the previously disclosed Share Purchase Agreement with BladeRanger, with details reported in a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on December 17, 2025. Under the terms of the transaction, VisionWave acquired 100% of the issued and outstanding shares of Solar Drone Ltd. in exchange for: 1,500,000 shares of VisionWave common stock, and 300,000 pre-funded common stock purchase warrants, exercisable at a nominal price of $0.01 per share. The transaction includes a value-protection mechanism designed to ensure total consideration of $21.6 million, subject to the terms and conditions set forth in the definitive agreements.