VisionWave says 51% CM Composite Materials deal remains pending, conditions unmet

• VisionWave’s proposed purchase of 51% of Israel-based C.M. Composite Materials remains unsigned and has not closed.
• Closing still hinges on definitive joint venture agreements with Belrise Industries being executed and in force.
• The deal terms call for 250,000 VisionWave common shares valued at USD 2.5 million for 51% of CM’s equity.
• A loan facility of up to USD 5 million at 12% simple interest would be secured by a first-priority lien on substantially all CM assets.
• A side letter commits at least USD 5 million of funding to CM, including USD 3.5 million for a new facility outside Israel.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VisionWave Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202608310700PRIMZONEFULLFEED9818108) on August 31, 2026, and is solely responsible for the information contained therein.