VisionWave Holdings Acquires QuantumSpeed Intellectual Property Assets; Transaction Consideration Includes 3M Shares, $10M Promissory Note, 7M Additional Shares Pending Approval

Benzinga · 4d ago

VisionWave Holdings, Inc. (NASDAQ:VWAV) today announced the acquisition of QuantumSpeed™, an early-stage, pre-commercial computational acceleration engine that is intended to explore new approaches to execute complex computations under extreme time constraints.

QuantumSpeed is not yet a commercial product. The technology is currently in a proof-of-concept and system architecture phase, where core mathematical, algorithmic, and architectural principles have been defined and validated at a prototype level. VisionWave is initiating a focused development program to advance the engine toward production-grade deployment. There can be no assurance that the technology will advance beyond the current proof-of-concept phase, achieve targeted performance metrics, or ever result in a commercial product. Development involves substantial technical, financial, and regulatory risks.

Transaction Structure and Execution Discipline

At closing, VisionWave acquired 100% of the QuantumSpeed intellectual property assets, which will be transferred into a newly formed, wholly owned subsidiary.

As previously disclosed, transaction consideration includes:

  • 3,000,000 shares of VisionWave common stock issued at closing
  • A $10 million promissory note
  • 7,000,000 additional shares subject to shareholder approval under applicable Nasdaq rules