VisionWave Holdings Files Complaints with Nasdaq and FINRA Regarding Abnormal Market Activity; Company Engages Multiple Law Firms and Places Market Makers on Notice

Core Viewpoint - VisionWave Holdings, Inc. has submitted complaints to Nasdaq MarketWatch and FINRA regarding abnormal trading activity in its stock observed on November 3-4, 2025 [1][2]. Group 1: Regulatory Actions - The company provided regulators with an evidentiary package that includes timestamped Level II data showing unusual quoting behavior and rapid order fluctuations [2]. - VisionWave identified three market makers involved in the trading activity and has placed them on notice, with one firm confirming an internal investigation [3]. - The company is in the process of selecting legal counsel to initiate a civil action for damages and injunctive relief on behalf of itself and its shareholders [4]. Group 2: Company Statements - Doug Davis, Executive Chairman, emphasized the company's commitment to protecting shareholders and maintaining a fair marketplace [5]. - VisionWave suspects it may have been a victim of illegal naked short selling, which could have negatively impacted its stock price [5]. - The company has reported the manipulative trading activity to regulators and is prepared to take necessary actions against illegal activities [6]. Group 3: Market Activity - The company stated it is not aware of any undisclosed information that could explain the recent decline in its stock price [7]. - VisionWave will continue to cooperate with regulators and market participants and will provide updates as necessary [7]. Group 4: Company Overview - VisionWave Holdings Inc. develops and commercializes advanced defense technologies that integrate AI-based sensing, radar, and autonomous systems for various applications [8].