Visionwave Holdings Inc. shares fall 29.09% premarket despite securing $50 million equity line.

Visionwave Holdings Inc. dropped 29.09% in premarket trading, despite securing a strategic $50 million equity line to accelerate its AI-driven defense platform. The company announced a transformative funding agreement with a prominent institutional investor, which includes a $5 million tranche funding commitment in the form of convertible notes. This financing is intended to support the deployment of its AI-powered multi-domain defense solutions across autonomous aerial, ground, and other domains.