09:13 AM EDT, 07/28/2025 (MT Newswires) -- VisionWave ( VWAV ) said Monday that it has secured an equity line of up to $50 million in capital through a transormative funding agreement with an unidentified institutional investor.

VisionWave ( VWAV ) said the agreement allows the company to sell up to $50 million in common stock over a 24-month period at its discretion.

The agreement also includes $5 million tranche of additional funding in the form of convertible notes, with $3 million secured at the time of signing the funding agreement, VisionWave ( VWAV ) said.

The company said the funding will help scale up the deployment of its AI-powered defense solutions.

Shares of VisionWave ( VWAV ) were up 68% in recent Monday premarket activity.