VisionWave subsidiary reports $155K Q1 net loss; merger closed July 14, 2025

VisionWave Holdings, Inc.

VisionWave Technologies net loss of $155,521 for three months ended June 30, 2025; accumulated deficit reaches $720,206.
Cash balance $3,104 as of June 30, 2025; working capital deficit of $459,487 raises going concern risk.
Operating activities used $57,349 in Q1; Funding Support Agreement with Stanley Hills LLC covers working capital for 12 months from Sept 23, 2025.
Post-period: $50M equity line of credit with $3M advance funded at merger close on July 25, 2025.
Business combination with Bannix Acquisition Corp completed July 14, 2025; parent VWAV now trades on Nasdaq.

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