02:03 PM EST, 11/13/2025 (MT Newswires) -- VisionWave ( VWAV ) signed a binding letter of intent to acquire Solar Drone, a subsidiary of BladeRanger, to expand its AI-powered autonomous drone capabilities for security, infrastructure, and emergency response.

Under the agreement, VisionWave ( VWAV ) will issue 1.8 million shares to Israel-based BladeRanger. A definitive deal is expected by Dec. 10, with closing planned for Dec. 31, pending customary approvals, VisionWave ( VWAV ) said Thursday in a statement.

VisionWave ( VWAV ) shares fell 7.8%. The company is based in West Hollywood, California.

Price: 10.70, Change: -0.91, Percent Change: -7.80