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VisionWave Holdings, Inc. (NASDAQ:VWAV) filed unaudited condensed interim financial statements for its wholly owned subsidiary, VisionWave Technologies Inc., on Tuesday. The filing covers the three months ended June 30, 2025, and includes comparative data for the same period in 2024. The company’s stock currently trades at $11.04, having experienced a significant 15.14% decline over the past week, while maintaining a wide 52-week range of $2.06 to $18.41.
According to the press release statement, the documents provided include the subsidiary’s condensed balance sheets as of June 30, 2025, and March 31, 2025, unaudited condensed statements of operations, changes in stockholder’s deficit, and cash flows for the three months ended June 30, 2025 and 2024, as well as notes to the unaudited condensed financial statements.
The company also included audited financial statements for VisionWave Technologies Inc. (Predecessor), which cover the balance sheets as of March 31, 2025 and 2024, statements of operations for the year ended March 31, 2025 and for the period from March 20, 2024 (inception) to March 31, 2024, statements of changes in stockholders’ equity (deficit), and statements of cash flows for the same periods. The audited financials include the report of an independent registered public accounting firm.
VisionWave Holdings stated that these financial statements are filed as Exhibit 99.1 and are incorporated by reference in the filing. The company noted that the information is intended to be furnished and not deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, nor incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as specifically referenced.
VisionWave Holdings is incorporated in Delaware and its common stock and redeemable warrants trade on The Nasdaq Stock Market LLC under the symbols NASDAQ:VWAV and NASDAQ:VWAVW, respectively. The company is classified as an emerging growth company.
This summary is based on information provided in a press release statement and the company’s SEC filing.
In other recent news, VisionWave Holdings, Inc. has announced the filing of a U.S. Provisional Patent Application for its "AI-Assisted Multi-Modal RF Fire-Control System," known as WaveStrike. This system is designed to enhance military targeting capabilities in challenging conditions. Additionally, VisionWave has signed a binding Letter of Intent 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, pending regulatory approvals.
In related developments, VisionWave plans to begin field testing its autonomous Varan UGV in December 2025 with a defense partner in Europe. This vehicle features advanced radar and navigation systems for military applications. Furthermore, VisionWave has filed complaints with Nasdaq MarketWatch and FINRA Market Regulation, alleging irregular trading activity in its common stock. The company provided evidence of abnormal quoting patterns and requested an expedited investigation into potential market manipulation practices.
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