VisionWave completes Stage 1 of exchange with SaverOne; issues 365,610 shares for 19.99% stake

VisionWave Holdings, Inc.

Stage 1 Closing: VisionWave issued 365,610 restricted shares (value ~$2.7M, avg price $7.5031) for 148,584 SaverOne ADS (19.99% of outstanding).
Upon completion of all stages, VisionWave will own ~51% of SaverOne; SaverOne to receive VWAV shares worth $7M, subject to value protection.
VisionWave also granted SaverOne a non-exclusive license to its RF intellectual property for defense/military tech.
Stage 1 shares issued as unregistered private placement under Section 4(a)(2); management equity grants of up to $3M also included.
Subsequent stages require Milestone 1 (operational integration) and Milestone 2 (defense pilot project) before further share exchanges.

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.95

VisionWave Holdings, Inc. issued 365,610 shares of common stock to SaverOne 2014 Ltd. for 148,584 restricted ADSs (representing 6,418,828,800 restricted ordinary shares) representing 19.99% of SaverOne's issued and outstanding share capital.

Security: common stock
Shares: 365,610 shares
Purchaser: SaverOne 2014 Ltd.
Consideration: 148,584 restricted ADSs (representing 6,418,828,800 restricted ordinary shares) representing 19.99% of SaverOne's issued and outstanding share capital

Exact text from the filing

of approximately $2.7 million, calculated based on the VWAV Average Price (as defined in the Exchange Agreement) of $7.5031 per share. In exchange, SaverOne issued to the Company148,584 restricted ADSs (representing 6,418,828,800 restricted ordinary shares) representing 19.99% of SaverOne's issued and outstanding share capital as of the effective date of the

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VisionWave Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001731122-26-000364

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