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for VisionWave Holdings, Inc (Nasdaq: VWAV).
VisionWave Holdings, Inc (Nasdaq: VWAV) VisionWave Holdings, Inc. (Nasdaq: VWAV) is a defense and
advanced sensing technology company developing AI-driven, RF-based
sensing, autonomy, and computational acceleration technologies for
defense, homeland security, and commercial infrastructure
applications. VisionWave’s mission is to connect defense
innovation with civilian progress through shared core technologies
deployed across air, land, and sea.
Foresight Autonomous Holdings Ltd. (Nasdaq: FRSX) (TASE: FRSX), an innovator in 3D perception systems, today
announced that it has entered into a non-binding term sheet with
VisionWave Holdings, Inc. (Nasdaq: VWAV), a defense and advanced
sensing technology company.
Pursuant to the term sheet, at closing, VisionWave will make a
strategic equity investment of up to $17.5 million (but not less
than $15.45 million) through the issuance of VisionWave common stock
based on the five-day average closing price of VisionWave’s
common stock prior to closing. In exchange, VisionWave will receive
Foresight’s ordinary shares representing up to 51% (but not
less than 45%) of the company’s issued and outstanding share
capital. The transaction values Foresight at a significant premium
with a multiple of approximately three times its current market
value.
The company believes that the $17.5 million investment will provide
it with substantial financial strength to support ongoing
operations, technology development, and commercialization of
next-generation perception solutions.
As agreed in the term sheet, Foresight will place greater focus on
the defense, military, and homeland security markets, areas in which
it is already active. These fields benefit from strong synergy
between Foresight’s advanced camera-based perception systems
and VisionWave’s radio frequency (RF) and defense-focused
technologies, along with VisionWave’s global business
development capabilities and ongoing projects. This strategic
collaboration is driven by Foresight’s business strategy to
lead 3D perception applications in challenging and extreme off-road
and aerial environments, leveraging its technology advantages in
these growing markets.
“We believe that Foresight’s unique stereo vision
solutions, and especially its proprietary thermal camera
expertise, which is complementary to VisionWave’s existing
sensing technologies, are expected to have significant impact on
VisionWave’s ability to deliver large-scale military and defense
projects to our customers, focusing on robotics, drones, and
unmanned aerial vehicles,” said Douglas Davis, VisionWave’s
executive chairman of the board and chief executive officer.
“Thermal vision sensing is key to military, defense, and
homeland security markets, and VisionWave’s global presence
is well positioned to promote Foresight’s strong
technological capabilities to short-term commercialization
success.”
The transaction remains subject to completion of due diligence,
negotiation and execution of definitive agreements, receipt of all
required regulatory, stock exchange, and shareholder approvals, and
other customary closing conditions.
About Foresight
Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a
technology company developing advanced three-dimensional (3D)
perception systems and cellular-based applications. Through its
wholly owned subsidiaries, Foresight Automotive Ltd., Foresight
Changzhou Automotive Ltd., and Eye-Net Mobile Ltd., Foresight
develops both “in-line-of-sight” vision systems and
“beyond-line-of-sight” accident-prevention solutions.
Foresight’s 3D perception systems include modules of automatic
calibration and dense 3D point clouds that can be applied to
different markets such as automotive, defense, autonomous driving,
agriculture, heavy industrial equipment, and unmanned aerial
vehicles (UAVs).
Eye-Net Mobile develops next-generation vehicle-to-everything (V2X)
collision prevention solutions and smart automotive systems to
enhance road safety and situational awareness for all road users in
urban mobility environments. By leveraging cutting-edge artificial
intelligence (AI) technology, advanced analytics, and existing
cellular networks, Eye-Net’s innovative solution suite
delivers real-time pre-collision alerts to all road users via
smartphones and other smart devices within vehicles.
Full News
About VisionWave Holdings, Inc.
VisionWave Holdings, Inc. (Nasdaq: VWAV) is a dual-market autonomous
systems platform company developing AI-driven, RF-based sensing,
autonomy, and computational acceleration technologies for defense,
homeland security, and commercial infrastructure applications.
VisionWave’s mission is to connect defense innovation with civilian
progress through shared core technologies deployed across air, land,
and sea.
Learn More at
https://vwav.inc
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 and
Section 21E of the Securities Exchange Act of 1934, as amended,
including statements regarding the xClibre acquisition, anticipated
strategic benefits of adding a visual perception layer to the
Company’s RF sensing platforms, technology integration plans,
proof-of-concept evaluation and its expected outcomes, potential
commercialization pathways, Nasdaq Shareholder Approval for the
Contingent Shares, and the Company’s strategic initiatives.
These statements are based on current expectations and assumptions and
are subject to risks and uncertainties that could cause actual results
to differ materially. Forward-looking statements are generally
identified by words such as “believe,” “may,” “will,” “estimate,”
“continue,” “anticipate,” “intend,” “expect,” “should,” “would,”
“plan,” “project,” “forecast,” “predict,” and similar expressions, or
by statements that events or trends “may,” “will,” or “could”
occur.
Forward-looking statements are subject to risks and uncertainties that
could cause actual results to differ materially from those expressed
or implied, including but not limited to, the ability to successfully
complete the proof-of-concept evaluation and achieve satisfactory
results; the receipt of Nasdaq Shareholder Approval for the issuance
of the Contingent Shares; integration risks following the acquisition
of the xClibre IP; technical and development challenges in integrating
the visual perception layer with the Company’s existing RF
sensing platforms; market acceptance of the combined technologies;
regulatory requirements and data sovereignty issues; changes in market
conditions affecting the defense and security sectors; and other risks
described in the Company’s filings with the U.S. Securities and
Exchange Commission.
All forward-looking statements speak only as of the date of this press
release and are expressly qualified in their entirety by the
cautionary statements included in this press release and in the
Company’s SEC filings. VisionWave undertakes no obligation to update
or revise any forward-looking statements, whether as a result of new
information, future events, or otherwise, except as required by law.
Investors are cautioned not to place undue reliance on these
forward-looking statements.
Contacts:
VWAV – Investor Contact:
investors@vwav.inc
Website:
www.vwav.inc
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