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Investing.com -- VisionWave Holdings Inc (NASDAQ:VWAV) stock dropped 3.5% in premarket trading Thursday after the company announced plans to acquire Solar Drone Ltd., a subsidiary of Israel-based BladeRanger Ltd. (TASE:BLRN).
The acquisition, structured as a share-based transaction, will involve VisionWave issuing 1.8 million shares of common stock to BladeRanger as consideration. The companies aim to finalize a definitive Share Purchase Agreement by December 10, 2025, with closing targeted for December 31, 2025, subject to conditions and regulatory approvals.
Solar Drone develops unmanned aerial systems for infrastructure inspection, civil protection, and homeland security operations. The company’s technology includes a 4.5 kW airborne pump, AI-enhanced sensors, and configurable nozzle arrays for missions including fire suppression, decontamination, and border surveillance.
VisionWave’s executive team is currently in Israel conducting technical assessments at BladeRanger’s facilities as part of their due diligence process. The acquisition represents VisionWave’s strategic expansion into the dual-use drone sector, combining BladeRanger’s aerial technology with VisionWave’s AI-driven sensor-fusion platform.
"BladeRanger’s subsidiary has developed an adaptable aerial platform in the market—equally relevant for commercial infrastructure operators and public agencies focused on civil protection," said Douglas Davis, Executive Chairman of VisionWave Holdings.
The transaction includes registration rights requiring VisionWave to file a Form S-1 within 45 days of closing, and BladeRanger has agreed to exclusivity with VisionWave through February 2026.
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