VisionWave Acquires 51% of Meteor Aerospace for $20.4M

VisionWave Holdings, Inc. has entered into a binding agreement to acquire a 51% controlling interest in Meteor Aerospace Ltd., an Israeli aerospace and defense company. The acquisition is valued at approximately $20.4 million, based on Meteor's pre-money equity valuation of $40.0 million. The consideration will consist of VisionWave common stock, with $6.0 million in unrestricted shares and $14.4 million in restricted shares, subject to a six-month lock-up period. The transaction is contingent upon conditions including a successful flight validation of Meteor's Impact-700 unmanned aerial system and satisfactory due diligence, and is expected to expand VisionWave's portfolio in advanced unmanned systems and defense technologies.