VisionWave Technologies reports FY2025 net loss of $563K, no revenue; SPAC merger closed

VisionWave Holdings, Inc.

Net loss of $563,459 for year ended March 31, 2025; zero operating revenue; accumulated deficit $564,685.
Total liabilities $472,569 exceed total assets $168,884, resulting in stockholders' deficit of $303,685.
Professional expenses of $593,642 and R&D expenses of $71,445 drove operating costs; gain on securities sales of $116,811 offset part of loss.
Business combination with Bannix (SPAC) closed July 14, 2025; VisionWave Holdings now trades on Nasdaq as VWAV.
Company is pre-revenue development stage; acquired IP from GBT Tokenize for $30M in shares.

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