Recent Updates — VWAV

VisionWave Holdings, Inc. terminated its joint venture agreement with Sadot Group Inc., unwinding a transaction originally announced on September 30, 2026. The termination was triggered by C.M. Composite Materials Ltd.'s inability to produce required audited financial statements, preventing the $7.8 million capital commitment from being funded. Under the termination letter, VisionWave retains 250,000 Entry Premium Shares previously issued by Sadot and will issue 500,000 shares of its common stock to Sadot as consideration for this retention. No break fees or penalties are payable, and Sadot withdrew from the joint venture entity without funding any capital. VisionWave retains all rights and remedies against C.M. Composite Materials Ltd. regarding existing loans and collateral. The company operates in the technology sector, focusing on composite materials and industrial solutions.

VisionWave Holdings amended the employment agreement of Chief Operating Officer Eric T. Shuss, increasing his annual base salary from $120,000 to $240,000 effective September 1, 2026. The increase bypasses a previously required revenue condition and includes a one-time catch-up payment for the difference in pay since September 1. The Compensation Committee approved the change to recognize Mr. Shuss's performance and retain his services. VisionWave Holdings operates in the technology sector.

VisionWave Holdings, Inc. entered into a Joint Venture and Operating Agreement with Sadot Group Inc. to establish CMJV LLC as a 50/50 joint venture holding VisionWave’s rights to acquire a 51% controlling interest in C.M. Composite Materials Ltd. (CM). At closing on September 30, 2026, VisionWave contributed its $7.81 million loan and acquisition rights to CMJV in exchange for 7,814,323 membership units. Sadot committed $7,814,323 in cash capital and issued 250,000 restricted shares of its own common stock as an entry premium. The joint venture will fund further advances to CM under a secured loan agreement increased to $16,628,646. This strategic partnership facilitates the pending acquisition of the Israeli composite materials manufacturer.

VisionWave Holdings, Inc. countersigned and accepted a purchase order from Metal Machinery Components Trading FZCO for the sale of 200 STRATUM VARAN heavy wheeled unmanned ground vehicles at an aggregate base price of $20 million ($100,000 per unit). The agreement requires a $2 million advance payment secured by a bank guarantee and milestone payments tied to production and delivery. Deliveries are scheduled in three batches over 36 months following the satisfaction of conditions precedent, including proof of funds, export licenses, end-user approvals, and compliance reviews. As of September 24, 2026, no conditions have been satisfied, no revenue has been recognized, and the order is not included in backlog. VisionWave Holdings, Inc. operates in the defense technology sector, developing AI-driven sensing and autonomous systems.

VisionWave Holdings, Inc. entered into an At The Market Issuance Sales Agreement with Aegis Capital Corp. on September 18, 2026, establishing a facility to sell up to $30,000,000 of its common stock. The offering is conducted pursuant to a shelf registration statement declared effective by the SEC on September 1, 2026. Sales may occur on the Nasdaq Global Market or through other permitted methods based on company instructions. Aegis Capital Corp. receives a commission of 2.0% of gross proceeds and reimbursement for legal fees up to $37,500. The company intends to use net proceeds for general corporate purposes and working capital. VisionWave Holdings, Inc. operates in the technology sector.

VisionWave Holdings, Inc. filed a Certificate of Amendment with the Delaware Secretary of State on September 16, 2026, to effect a 1-for-20 reverse stock split of its common stock. The split becomes effective at 12:01 a.m. Eastern Time on September 22, 2026, reducing outstanding shares from approximately 47.5 million to 2.4 million. Fractional shares are rounded up to the nearest whole share rather than being cashed out. This action follows shareholder approval at the September 1, 2026 Annual Meeting and is intended to restore compliance with Nasdaq’s $1.00 minimum bid price requirement for continued listing. The company operates in the defense technology and artificial intelligence sector.