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VisionWave Holdings Signs LOI To Acquire Solar Drone Ltd. VisionWave Will Issue 1.8M Shares To BladeRanger As Consideration

Benzinga·11/13/2025 13:36:48
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VisionWave Holdings, Inc. (NASDAQ:VWAV) ("VisionWave" or the "Company") today announced that it has signed a binding Letter of Intent ("LOI") to acquire Solar Drone Ltd., a subsidiary of BladeRanger Ltd. (TASE: BLRN) and a developer of mission-ready unmanned-aerial systems designed for infrastructure inspection, civil protection, and homeland-security operations.

Under the LOI, VisionWave will issue 1.8 million shares of common stock to BladeRanger as consideration. The parties intend to use commercially reasonable efforts to negotiate and execute a definitive Share Purchase Agreement by December 10, 2025, with closing targeted for December 31, 2025, subject to customary conditions and regulatory approvals.