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TickerVWAV
SectorAerospace & Defense
Mkt cap$99M
EV / EBITDAN/A
PostureHigh Velocity
Composite56/100
LensBuyer-side
SE-Cluster Research·Issuer Brief·Q2 2026CIK 2038439

VisionWave Holdings, Inc.

VWAVHIGH VELOCITYQUIET

VisionWave Holdings, Inc. reads as an High Velocity (composite 56/100); Selective Buyer deploying $22M across 1 disclosed transactions, newly disclosed vs the prior cycle · primary market A&D Components.

Lens

Disclosed M&A capital (2023–2025)

$22M

new

vs N/A in 2020–2022

Disclosed transactions

1

new

1/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

56

/100

High Velocity dominates · Quiet

Financial snapshot
RevenueN/A
EBITDAN/A
Enterprise value$102M
EV / RevenueN/A
EV / EBITDAN/A
P/EN/A
Cash$16K
Total debtN/A
as of 2026-05-10
§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

17/100

Companies actively deploying disclosed capital into M&A

  • $22M disclosed buyer spend

Buyer Cadence

31/100

Buyer-side companies with recent filing activity

  • Filed within 33d
  • 52 8-Ks

Target Probability

4/100

Issuers showing target-side patterns from filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

Pressure Watch

14/100

Issuers facing activism, governance, or control pressure

Distress Watch

0/100

Issuers showing financial-distress filing patterns

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

Dominant
56/100

Issuers with the highest filing-activity intensity

  • 52 8-Ks
  • 4 form types

Quiet Power

28/100

Large issuers with low signal volume and clean disclosure cadence

  • Enterprise value $102M
  • 10-Q 112d ago
  • 2 active signals
§ II·SE-Cluster Issuer Brief

Capital cadence.

Ten-year disclosed M&A activity. Bars show spend ($MM); ticks show recorded transaction count. Disclosure tier annotated where v6 audited corpus carries an entry.

16
17
18
19
20
21
22
23
24
25

Disclosed spend $MM Disclosed transactions (right axis)Peak spend year: $22M · Peak count: 1

FYDisclosed buysDisclosed spendAvg ticketAudited tier
20251$22M$22MN/A
2024N/AN/AN/AN/A
2023N/AN/AN/AN/A
2022N/AN/AN/AN/A
2021N/AN/AN/AN/A
2020N/AN/AN/AN/A
§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

  • Platform
    33%
  • Geographic Expansion
    33%
  • Bolt On
    33%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

  • platform
  • geographic_expansion
  • bolt_on
§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

Business Combination and Public Listing: The July 14, 2025 closing of the Business Combination with Bannix enabled Nasdaq trading commencement and unlocked public market access.

10-KFY2025

Formed a joint venture on August 25, 2025, with AIPHEX, GBT Tokenize, and GBT Technologies for defense technology co-development.

10-KFY2025
§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

A&D Components

Market spend (2023–2025)
$32.8B
Market spend (2020–2022)
$12.9B
Recent vs prior
+153%
Issuer rank in market
N/A
Share of market capital
0.0%

Valuation positioning

N/AEV / EBITDA

VWAV trades at a -39.2-turn discount to the A&D Components peer median of 24.6×.

EV / Revenue
N/A
Net debt / EBITDA
N/A
Peer median EV / EBITDA
24.6×

Trading comparables

FMP market data · 2026-05-10

CompanyEV / EBITDAEV / RevNet debt / EBITDARevenueM&A 2023–2025
34.2×9.3×1.8×$4.6B$3.3B
31.5×2.4×-0.9×$92.2B$1.4B
29.1×6.6×-0.8×$48.4BN/A
20.1×10.1×5.7×$9.5B$3.5B
19.5×3.0×1.9×$90.4BN/A
16.0×2.6×-0.1×$22.5B$13.4B

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in A&D Components. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

  • 10-K (annual)12025-12-31
  • 10-Q (quarterly)42026-02-17
  • 8-K (event)522026-05-07
  • Proxy / DEF 14A12026-01-15
  • Activism (13D / DFAN / PREC)0N/A

Signals on file

  • info

    Signal

    Serial acquisition history

  • info

    Signal

    10-K strategy themes

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.