SaverOne 2014 Ltd. (NASDAQ: SVRE) entered into a non‑binding letter of intent with VisionWave Holdings, Inc. (NASDAQ: VWAV) that grants VisionWave a 19.99% equity stake in SaverOne for $2.75 million. The agreement outlines a phased plan that could allow VisionWave to acquire up to 51% of SaverOne, with a total potential equity value of roughly $7 million.
Under the LOI, SaverOne will serve as VisionWave’s operating arm for RF‑focused defense and military initiatives, integrating its patented RF sensor‑fusion platform into new defense products. VisionWave, which is developing the Argus autonomous sensing platform, will provide equity and appoint a director to SaverOne’s board, with additional directors contingent on future milestones.
SaverOne’s core business has faced financial challenges, with a revenue decline in 2024 and sustained losses. VisionWave, founded in 2024, has limited revenue and high operating expenses. The partnership offers SaverOne a pathway to diversify beyond driver‑distraction prevention and tap into a large, high‑growth defense market, while giving VisionWave a proven RF technology platform to accelerate its defense portfolio.
The RF‑based defense and security market is projected to grow substantially, driven by increasing demand for advanced sensing, autonomy, and AI‑driven systems. VisionWave’s focus on counter‑unmanned aircraft systems and other security applications positions the joint effort to capture a share of this expanding opportunity.
"This LOI represents an important strategic step for SaverOne," said Ori Gilboa, CEO. "It allows us to develop and expand our RF capabilities into a new and very large addressable market: the defense and security markets, under the VisionWave platform." Doug Davis, Executive Chairman and Interim CEO of VisionWave, added, "We see SaverOne’s RF technology as an attractive platform to support the next phase of VisionWave’s RF‑focused defense strategy. Our phased approach is designed to support disciplined execution, technology integration, and early customer engagement in the defense and security markets."
The transaction will close once definitive agreements are signed and regulatory approvals are obtained. VisionWave’s equity investment is contingent on the achievement of specified development milestones, and the parties will need to navigate U.S. defense procurement regulations and other relevant approvals before the partnership can fully materialize.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.