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VisionWave Technologies Completes Merger with Bannix Acquisition, Begins Trading on Nasdaq as VWAV
ByAinvest
Tuesday, Jul 15, 2025 2:00 am ET1min read
VisionWave Technologies and Bannix Acquisition Corp. have completed their business combination, forming VisionWave Holdings. The company will begin trading on the Nasdaq Global Market under the ticker "VWAV" on July 15, 2025. VisionWave specializes in defense-grade AI systems and aims to accelerate innovation and develop global partnerships. The merger is expected to enhance research and development initiatives and deliver on existing contracts, positioning the company for long-term growth in the defense technology landscape.
VisionWave Technologies Inc. and Bannix Acquisition Corp. have successfully completed their business combination, forming VisionWave Holdings Inc. The new entity will commence trading on the Nasdaq Global Market under the ticker symbol "VWAV" on July 15, 2025, with its warrants trading under "VWAVW" [1].VisionWave Technologies specializes in defense-grade AI systems and autonomous solutions across air, ground, and sea domains. The company's portfolio includes high-resolution radars, advanced vision systems, and radio frequency (RF) sensing technologies for military and homeland security applications [2].
The merger represents a strategic move to accelerate innovation in defense-grade AI systems and pursue global partnerships. VisionWave Holdings is led by CEO Noam Kenig and Executive Chairman Douglas Davis, who aim to deliver on existing contracts and position the company for long-term growth in the defense technology landscape.
Douglas Davis, Executive Chairman of VisionWave Holdings, expressed his gratitude for the support of employees and partners, stating that this milestone will provide the tools to develop new technologies and implement the business plan. Noam Kenig, CEO of VisionWave Holdings, emphasized the focus on accelerating innovation, pursuing strategic global partnerships, and delivering on contracts that will shape the next generation of military technologies [1].
The business combination was advised by Fleming PLLC, Law Office of Robert M. Yaspan, RBSM LLP, Donohoe Advisory Associates, LLC, Marula Capital Group, and I-Bankers Securities, Inc. [1].
References:
[1] https://www.morningstar.com/news/globe-newswire/9494060/visionwave-technologies-inc-and-bannix-acquisition-corp-complete-business-combination
[2] https://www.stocktitan.net/news/BNIX/vision-wave-technologies-inc-and-bannix-acquisition-corp-complete-acspgho2wkxx.html
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