VisionWave Holdings Inc. (NASDAQ:VWAV) saw its shares fall 3.5% in premarket trading Thursday after revealing plans to purchase Solar Drone Ltd., a subsidiary of Israel-based BladeRanger Ltd. (TASE:BLRN).
The deal, structured as an all-stock acquisition, calls for VisionWave to issue 1.8 million common shares to BladeRanger as payment. Both sides expect to complete a definitive Share Purchase Agreement by December 10, 2025, with the transaction targeted to close by year-end, pending regulatory clearance and customary conditions.
Solar Drone specializes in unmanned systems built for infrastructure inspections, civil protection tasks, and homeland security missions. Its hardware suite features a 4.5 kW airborne pump, AI-powered sensing technology, and configurable nozzle arrays capable of carrying out operations such as decontamination, firefighting support, and border monitoring.
VisionWave’s leadership team is currently on the ground in Israel evaluating Solar Drone’s technology and operations at BladeRanger’s facilities as part of their due diligence. The acquisition signals VisionWave’s push deeper into dual-use aviation technologies, aligning Solar Drone’s field-ready platforms with VisionWave’s AI-enabled sensor-fusion architecture.
“BladeRanger’s subsidiary has developed an adaptable aerial platform in the market—equally relevant for commercial infrastructure operators and public agencies focused on civil protection,” said Douglas Davis, Executive Chairman of VisionWave Holdings.
As part of the agreement terms, VisionWave must file a Form S-1 within 45 days after closing, while BladeRanger has committed to an exclusivity period that extends through February 2026.