debt
confidence high
sentiment neutral
materiality 0.70
VisionWave enters $15M convertible debenture financing with Yorkville; first tranche $10M closed
VisionWave Holdings, Inc.
- First tranche of $10M closed July 20, 2026; second tranche $5M upon registration effectiveness.
- Convertible debentures bear 5% interest (18% on default), mature July 20, 2027, monthly principal installments of $1.75M plus 2% premium.
- Conversion price fixed at $5.00 per share; on default, variable price at 90% of lowest VWAP over 10 days, floor $0.702.
- Warrants issued for 1,800,000 shares at $5.00, exercisable for 36 months.
- Proceeds for working capital; noteholders Dream America and Adrian defer cash payments until debentures paid.