Workflow
Radio frequency sensing technologies
icon
Search documents
VisionWave Technologies Inc. and Bannix Acquisition Corp. Complete Business Combination
GlobeNewswire News Roomยท 2025-07-14 20:01
Company Overview - VisionWave Holdings Inc. is focused on revolutionizing defense capabilities by integrating advanced artificial intelligence (AI) and autonomous solutions across air, ground, and sea domains [3] - The company aims to redefine operational efficiency and precision for military and homeland security applications worldwide, with innovations including high-resolution radars, advanced vision systems, and radio frequency sensing technologies [3] Business Combination - VisionWave Technologies Inc. successfully completed a business combination with Bannix Acquisition Corp. on July 14, 2025, resulting in both companies becoming wholly-owned subsidiaries of VisionWave Holdings Inc. [1] - Shares of VisionWave Holdings will begin trading on the Nasdaq Global Market under the ticker symbols "VWAV" for common stock and "VWAVW" for warrants starting July 15, 2025 [1] Leadership Statements - Douglas Davis, Executive Chairman of VisionWave Holdings, emphasized the significance of the business combination and the listing on Nasdaq as a milestone for the company, aiming to develop new technologies in the defense sector [1] - Noam Kenig, CEO of VisionWave Holdings, highlighted the focus on accelerating innovation in defense-grade AI systems and pursuing strategic global partnerships [1] Strategic Positioning - VisionWave is strategically positioned to serve global markets, with headquarters in the U.S. and partnerships in Canada and the United Arab Emirates [3] - The company is committed to delivering cutting-edge defense solutions that address the evolving needs of security forces worldwide [3]