VisionWave assembles due diligence team for Solar Drone acquisition

WEST HOLLYWOOD/RAMAT EFAL - VisionWave Holdings, Inc. (NASDAQ:VWAV) announced Thursday it has completed assembling its due diligence team for the proposed acquisition of Solar Drone Ltd., a wholly-owned subsidiary of BladeRanger Ltd. (TASE:BLRN). The micro-cap defense technology company, currently valued at $7.65 million with shares trading at $10.71, has seen its stock fluctuate between $2.06 and $18.41 over the past 52 weeks, according to InvestingPro data.

The defense technology company has mobilized legal, technical, regulatory, financial, and advisory professionals working in both Israel and the United States to advance the transaction toward a definitive agreement.

The due diligence team includes Fleming PLLC as U.S. securities and transaction counsel, alongside Israeli legal counsel and financial advisors. VisionWave's senior technical and leadership team is conducting on-site evaluations at Solar Drone's facilities in Israel.

As part of the review process, the team is examining commercial readiness, technology verification, manufacturing pathways, financial validation, and regulatory considerations across multiple markets.

If the acquisition proceeds, VisionWave plans to explore integrating its Vision-RF sensing and autonomy technologies into Solar Drone's platform. The company aims to enhance the drone's capabilities for homeland security, emergency response, and critical infrastructure protection missions.

"We now have a world-class, cross-border due-diligence team operating on the ground in Israel and in the U.S.," said Douglas Davis, Executive Chairman of VisionWave, according to the press release.

The transaction remains subject to due diligence, negotiation and execution of definitive agreements, regulatory approvals and customary closing conditions. There is no guarantee that a definitive agreement will be reached or that the transaction will close.

VisionWave Holdings specializes in AI-powered sensing, on-edge autonomy, and threat-response systems for defense applications.

In other recent news, VisionWave Holdings, Inc. has filed unaudited interim financial statements for its subsidiary, VisionWave Technologies Inc., covering the three months ended June 30, 2025. The filings include condensed balance sheets, statements of operations, and cash flows, providing a detailed financial overview for the period. Additionally, VisionWave announced plans to acquire Solar Drone Ltd., a subsidiary of BladeRanger Ltd., through a share-based transaction involving 1.8 million shares of VisionWave common stock. The companies aim to finalize the agreement by December 10, 2025, with the transaction expected to close by the end of the year, pending regulatory approvals.

In another development, VisionWave has filed a U.S. Provisional Patent Application for its "AI-Assisted Multi-Modal RF Fire-Control System," known as WaveStrike, which enhances military targeting capabilities. Furthermore, the company is set to begin field testing its autonomous Varan UGV, a modular ground vehicle with advanced radar and navigation systems, in December 2025 with a defense industry partner in Europe. These recent activities highlight VisionWave's ongoing efforts in technological innovation and strategic expansion.

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