VisionWave signed binding LOI to acquire Solar Drone

VisionWave (VWAV) announced that it has signed a binding Letter of Intent, LOI, to acquire Solar Drone, a subsidiary of BladeRanger and a developer of mission-ready unmanned-aerial systems designed for infrastructure inspection, civil protection, and homeland-security operations. Under the LOI, VisionWave will issue 1.8 million shares of common stock to BladeRanger as consideration. The parties intend to use commercially reasonable efforts to negotiate and execute a definitive Share Purchase Agreement by December 10, 2025, with closing targeted for December 31, 2025, subject to customary conditions and regulatory approvals.