---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-25-001234"
form_type: "8-K"
ticker: "VWAV"
cik: "0002038439"
company_name: "VisionWave Holdings, Inc."
filed_at: "2025-09-12T23:59:59+00:00"
generated_at: "2026-05-17T06:47:33.129452+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001731122-25-001234
- form_type: 8-K
- ticker: VWAV
- cik: 0002038439
- company_name: VisionWave Holdings, Inc.
- filed_at: 2025-09-12T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2038439/000173112225001234/0001731122-25-001234-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2038439/000173112225001234/e6843_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-25-001234
- JSON: https://secwatch.observer/filing/0001731122-25-001234.json
- Plain text: https://secwatch.observer/filing/0001731122-25-001234.txt

## Key facts
- Debt Financings
  VisionWave Holdings, Inc. incurred convertible notes of $2,000,000 with YA II PN, Ltd. at 12% per annum (increasing to 18% upon an event of default) maturing 12 months from issuance date (approximately September 2026).
  - Instrument: convertible notes
  - Principal: $2,000,000
  - Counterparty: YA II PN, Ltd.
  - Rate: 12% per annum (increasing to 18% upon an event of default)
  - Maturity: 12 months from issuance date (approximately September 2026)
  - Event: incurrence
  source text: the Investor agreed to fund an additional $2,000,000 in principal amount (the "Additional Advance") under the terms of a new convertible promissory note in the principal amount of $2,000,000 (the "New Note"
  evidence_url: https://www.sec.gov/Archives/edgar/data/2038439/000173112225001234/0001731122-25-001234-index.htm
- Debt Financings
  VisionWave Holdings, Inc. incurred convertible notes of $2,000,000 with YA II PN, Ltd. at 6% per annum (increasing to 18% upon an event of default) maturing September 11, 2026.
  - Instrument: convertible notes
  - Principal: $2,000,000
  - Counterparty: YA II PN, Ltd.
  - Rate: 6% per annum (increasing to 18% upon an event of default)
  - Maturity: September 11, 2026
  - Event: incurrence
  source text: the Investor advanced the second tranche of the Pre-Paid Advance in a principal amount of $2,000,000 (the "Second Pre-Paid Advance") on September 11, 2025, in connection with the issuance by the Company of a convertible promissory note in the principal amount of $2,000,000 (the "Second Note").
  evidence_url: https://www.sec.gov/Archives/edgar/data/2038439/000173112225001234/0001731122-25-001234-index.htm
- Equity Issuances
  VisionWave Holdings, Inc. issued convertible note to YA II PN, Ltd. for purchase price for the New Note will be $1,880,000.
  - Security: convertible note
  - Purchaser: YA II PN, Ltd.
  - Consideration: purchase price for the New Note will be $1,880,000
  source text: condition precedent set forth in the SEPA relating to the effectiveness of a registration statement for the Second Pre-Paid Advance. The purchase price for the Second Note is $1,880,000 (94% of the principal amount, reflecting a 6% discount). In addition, pursuant to the Letter Agreement, the Investor agreed to fund an additional $2,000,000 in principal amount
  evidence_url: https://www.sec.gov/Archives/edgar/data/2038439/000173112225001234/0001731122-25-001234-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.