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0 0 0.0186457311089303 -0.00588812561334647 0.00392541707556419 0.029440628066732 0.00588812561334629 0.00441609421000981
Stock impact report

SaverOne Announces Strategic LOI with VisionWave to Develop RF Defense Platform [Yahoo! Finance]

VisionWave Holdings, Inc. (VWAV) 
Company Research Source: Yahoo! Finance
advanced transportation safety and RF-based solutions, today announced that it has entered into a non-binding letter of intent (LOI) with VisionWave Holdings, Inc. (Nasdaq: VWAV), involving RF technology collaboration geared toward the defense and security sector. Under the terms of the LOI and subject to the execution of definitive agreements, SaverOne will serve as VisionWave's operating arm for RF-focused defense and military technology initiatives. The parties intend to work closely together to integrate SaverOne's RF technologies to support the development and commercialization of advanced RF-based solutions for defense and security applications. As part of the proposed transaction, in the first stage, SaverOne will receive $2.75 million in equity in VisionWave and VisionWave will receive 19.99% equity in SaverOne. Subject to the achievement of specified milestones, VisionWave will acquire additional equity in SaverOne in two subsequent stages, representing an additional 19.9 Show less Read more
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