secwatch.observer — SEC 8-K summary
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Issuer:     VisionWave Holdings, Inc. (VWAV)
CIK:        0002038439
Form:       8-K
Filed at:   2026-07-21T10:09:00+00:00
Accession:  0001731122-26-000960
Event type: debt
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

VisionWave enters $15M convertible debenture financing with Yorkville; first tranche $10M closed
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2038439/000173112226000960/0001731122-26-000960-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2038439/000173112226000960/e7792_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-26-000960

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer