Loan & DebtJul 21, 2026, 06:11 AM
VisionWave Holdings Secures $15M Convertible Debenture Financing
AI Summary
VisionWave Holdings, Inc. entered into a Securities Purchase Agreement with YA II PN, Ltd. to issue up to $15,000,000 in convertible debentures. The first tranche of $10,000,000 closed on July 20, 2026, with the remaining $5,000,000 contingent on the effectiveness of a registration statement. The debentures carry a 5.00% annual interest rate, mature in July 2027, and are convertible into common stock at $5.00 per share. Additionally, the company issued warrants to purchase up to 1,800,000 shares of common stock at an exercise price of $5.00 per share. The net proceeds will be used for working capital and general corporate purposes.
Key Highlights
- Secured up to $15,000,000 in convertible debentures from YA II PN, Ltd.
- First tranche of $10,000,000 closed on July 20, 2026.
- Second tranche of $5,000,000 to close upon registration statement effectiveness.
- Convertible debentures bear 5.00% annual interest, maturing July 20, 2027.
- Convertible into common stock at a fixed price of $5.00 per share.
- Issued warrants to purchase up to 1,800,000 common shares at $5.00 exercise price.
- Proceeds to be used for working capital and general corporate purposes.
Price Impact
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