VisionWave begins trading on Nasdaq following business combination

WEST HOLLYWOOD - Defense technology company VisionWave Holdings, Inc. (NASDAQ:VWAV) announced Tuesday that its common stock and warrants began trading on the Nasdaq Global Market on July 15, following the completion of its business combination. According to InvestingPro data, the stock has seen significant volatility since listing, currently trading at $2.44, with a market capitalization of $7.65 million.

The company’s securities trade under the symbols "VWAV" and "VWAVW" respectively. The post-merger enterprise has an approximate value of $174 million with about 14.3 million shares of common stock outstanding. InvestingPro analysis indicates the stock is currently trading at a P/E ratio of -8.03, with a relatively low beta of 0.15, suggesting lower volatility compared to the broader market.

VisionWave develops AI-powered autonomous systems and multi-domain sensing technologies for defense applications. The company’s platform integrates real-time adaptive AI with radar, RF imaging, and multispectral sensing capabilities designed for operation across air, land, and sea environments.

"VisionWave was founded to lead the next evolution of defense autonomy, scaling technologies that respond in real time and adapt in the field with the goal of outperforming legacy systems," said Noam Kenig, CEO of VisionWave, in the press release.

The company stated it is currently engaged with defense manufacturers and national security programs in the U.S. and allied nations, with several pilots and technical evaluations in progress. Near-term priorities include commercializing its Vision-RF and radar systems, investing in AI capabilities, establishing U.S. manufacturing operations, and pursuing defense contracts.

Douglas Davis, Executive Chairman of VisionWave, described the Nasdaq listing as "a launchpad" for the company’s growth plans.

The business combination involved no PIPE financing or minimum cash condition at closing. Following the transaction, Bannix Acquisition Corp. and VisionWave Technologies became wholly owned by VisionWave Holdings, Inc.

According to the company’s statement, global defense-related IT spending is projected to grow by over $23 billion from 2024 to 2028, with overall defense expenditure expected to exceed $2.3 trillion by 2028. Investors should note that VisionWave is scheduled to report its next earnings on August 1, 2025. InvestingPro subscribers can access detailed financial analysis and additional metrics to evaluate the company’s growth potential in this expanding market.

In other recent news, VisionWave Holdings Inc. has announced the completion of its business combination with Bannix Acquisition Corp., a special purpose acquisition company. As a result of this merger, VisionWave Holdings’ shares will begin trading on the Nasdaq Global Market under the ticker symbol "VWAV." In addition to this development, Bannix Acquisition Corp. revealed that its subsidiary, VisionWave Holdings, has entered into deferral agreements with various creditors, including affiliated entities and former service providers. These agreements involve deferring approximately $3,023,195 in obligations, with $2,019,200 owed to insiders and affiliated entities, and $1,003,995 to Evie Autonomous Ltd. The deferrals are part of a strategy to meet liquidity requirements for a potential financing transaction. VisionWave Holdings retains discretion over future payments, provided certain conditions are met. No securities were issued as part of these agreements.

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