VisionWave Holdings Provides Update on Pending Acquisition of Majority Interest in C.M. Composite Materials Ltd.

VisionWave Holdings announced an update on its proposed acquisition of a 51% equity interest in C.M. Composite Materials Ltd., an Israeli aerospace-certified manufacturer of structural composite components for defense systems. The transaction, valued at $2.5 million in VisionWave stock plus up to $5 million in funding, targets a September 2026 close but remains subject to conditions including execution of joint venture agreements with Belrise Industries Limited. The acquisition aims to vertically integrate VisionWave's supply chain for unmanned systems.