VisionWave accepts $20M PO for 200 STRATUM VARAN UGVs; conditions not yet met

VisionWave Holdings, Inc.

Purchase order from Metal Machinery Components Trading FZCO (Dubai) for 200 STRATUM VARAN UGVs at $100,000/unit, $20M base price.
$2M advance payment (10%) due after bank-guarantee terms agreed; no payment received and no conditions precedent satisfied as of Sept 24, 2026.
Deliveries planned in 3 batches (70/70/60 vehicles) over 36 months from Effective Date; no obligation to produce until all conditions met.
Company requires proof of full $20M financing, export licenses, end-user approval, and sanctions/AML/export-control compliance before performance.
No revenue recognized; order excluded from backlog; config/price/schedule subject to technical annex and demonstration expected Oct/Nov 2026.

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