VisionWave raises $2M immediate convertible note, additional $2M upon S-1 effectiveness

VisionWave Holdings, Inc.

Received $2M second tranche under SEPA via convertible note (Second Note) at 94% of principal ($1.88M net).
Second Note matures 9/11/2026, 6% interest (18% default), convertible at lower of $10.00 or 93% VWAP floor $1.00.
Additional $2M New Note to be issued upon registration statement effectiveness; 12% interest, 12-month maturity, monthly $200K installments.
Investor granted 12-month right of first refusal on future financings; registration condition for second tranche waived.

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