01:51 PM EDT, 03/16/2026 (MT Newswires) -- VisionWave ( VWAV ) said Monday it has reached an agreement with the principal creditor of C.M. Composite Materials, preventing a potential obstacle that could delay or hinder VisionWave's ( VWAV ) proposed acquisition of a 51% controlling stake in the Israeli aerospace and defense manufacturer.

Under the agreement, C.M. will continue to satisfy its obligations to the creditor and VisionWave ( VWAV ) will not interfere with the payments, the company said in a filing with the US Securities and Exchange Commission.

VisionWave ( VWAV ) said it also committed to provide at least $5 million to support C.M.'s working capital and expansion plans.

Shares of VisionWave ( VWAV ) were down 2.5% in Monday trading.

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