VisionWave added to S&P Total Market Index in market milestone

WEST HOLLYWOOD - VisionWave Holdings, Inc. (NASDAQ:VWAV), a developer of defense and AI-driven sensing technologies, has been added to the S&P Total Market Index (TMI), effective September 22, 2025.

The inclusion was formally confirmed by S&P Dow Jones Indices on October 5, according to a company statement released Tuesday. The S&P TMI is considered one of the broadest equity benchmarks published by S&P Dow Jones Indices, including major U.S. companies with readily available float-adjusted market capitalization data.

"Being included in the S&P Total Market Index is another important validation of VisionWave’s progress and visibility in the U.S. capital markets," said Doug Davis, Executive Chairman of VisionWave Holdings, in the press release.

VisionWave specializes in developing sensing systems for defense and civilian applications, utilizing radar, photonics, and artificial intelligence technologies. The company focuses on AI-powered sensing, on-edge autonomy, and threat-response systems. According to InvestingPro data, the company maintains a conservative debt profile with a total debt to capital ratio of 0.21, though its current Altman Z-Score suggests financial challenges ahead.

Inclusion in the index typically provides companies with increased exposure to institutional investors and index funds that track the benchmark. Companies must meet specific eligibility criteria established by S&P to qualify for inclusion.

The announcement comes as VisionWave continues to execute its strategic roadmap in defense and sensing innovation, according to the company statement.

In other recent news, VisionWave Holdings has been actively engaging in various strategic initiatives. The company announced the completion of a pilot project with a tier-1 U.S. defense company, which has led to the purchase of evaluation samples for system integration. VisionWave has also finalized a consulting agreement with Crypto Treasury Management Group to develop a digital asset treasury reserve, aiming to enhance its financial strategy over the next two years. Furthermore, VisionWave successfully conducted a live-fire trial of its 4D radar system in Abu Dhabi, showcasing its capabilities in threat detection and tracking.

In addition to these developments, VisionWave has signed a Memorandum of Understanding with VEDA Aeronautics to collaborate on Indian defense projects, including several major procurement programs. Meanwhile, GBT Technologies has expressed interest in acquiring Two Hands Corporation, with a proposed offer that includes a combination of cash and shares. These recent activities highlight VisionWave’s ongoing efforts to expand its technological and strategic footprint in the defense sector.

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