- VisionWave Technologies Inc. and Bannix Acquisition Corp. complete their business combination, forming VisionWave Holdings Inc.
- Shares of VisionWave Holdings will begin trading on the Nasdaq Global Market under the ticker "VWAV" on July 15, 2025.
- The merger aims to accelerate innovation in defense-grade AI systems and develop global partnerships.
VisionWave Technologies Inc. has successfully completed its business combination with Bannix Acquisition Corp. (BNIX, Financial), a special purpose acquisition company (SPAC). The newly formed entity, VisionWave Holdings Inc., will start trading on the Nasdaq Global Market under the ticker symbol "VWAV" on July 15, 2025, with warrants trading under "VWAVW".
VisionWave Technologies specializes in defense development, integrating advanced artificial intelligence and autonomous solutions across air, ground, and sea domains. Their portfolio includes high-resolution radars, advanced vision systems, and RF sensing technologies for military and homeland security applications. The merger represents a strategic move to accelerate innovation in defense-grade AI systems and pursue global partnerships under the leadership of CEO Noam Kenig and Executive Chairman Douglas Davis.
VisionWave Holdings aims to leverage the capital infusion from the SPAC merger to enhance research and development initiatives and deliver on existing contracts. The company seeks to capitalize on increasing defense budgets worldwide by providing cutting-edge technologies that reduce risk and improve operational capabilities for military applications.
With this public debut, VisionWave Holdings is strategically positioned in a sector with substantial government contract potential and relatively stable funding channels. Public market access is expected to enhance the company's credibility with government procurement officials, facilitating competitive bids for larger contracts and supporting long-term growth in the defense technology landscape.
