VisionWave Holdings, Inc. (NASDAQ: VWAV) and Israeli technology firm SaverOne 2014 Ltd. (NASDAQ: SVRE) entered into a non‑binding letter of intent on January 5 2026 to collaborate on radio‑frequency (RF) defense and security solutions. The agreement designates SaverOne as VisionWave’s operating arm for RF‑focused military technology initiatives and gives VisionWave the right to acquire up to 51 % of SaverOne’s equity through a phased equity exchange valued at up to $7 million in VisionWave shares.
The equity structure is split into three tranches: VisionWave will receive 19.99 % of SaverOne’s equity in the first stage, with an additional 19.99 % in a second stage and 11.02 % in a third stage, all contingent on the achievement of specified milestones. In return, SaverOne will receive $2.75 million in VisionWave equity in the first stage. VisionWave will also be granted the right to appoint one director to SaverOne’s board initially, with the possibility of additional directors as milestones are met.
VisionWave’s strategic rationale for the partnership is to accelerate the commercialization of its RF sensing capabilities and to broaden its defense platform beyond its core AI‑driven autonomous systems. By integrating SaverOne’s patented RF detection technology—originally developed for distracted‑driving safety—into its defense portfolio, VisionWave can offer a new suite of electronic‑warfare and secure‑communications products to a growing defense‑RF market. The deal also provides VisionWave with a potential capital source without immediate dilution of its own shares, while giving SaverOne access to VisionWave’s defense expertise and customer base.
Financial context underscores the significance of the transaction. VisionWave’s market capitalization was approximately $7.65 million as of the announcement, with a trailing‑12‑month P/E of –8.03. The company recently secured a $50 million equity line and a $5 million convertible‑note commitment to fund growth, and it has already acquired Solar Drone Ltd. for $21.6 million to strengthen its autonomous robotics capabilities. SaverOne’s market capitalization is modest, ranging between $1.27 million and $4.3 million, making the $7 million VisionWave equity valuation for up to 51 % of SaverOne a substantial premium relative to SaverOne’s current market value. The equity tranches are subject to milestone completion, and the LOI remains non‑binding, requiring due diligence and shareholder approval before definitive agreements can be executed.
Management commentary highlights the strategic fit. Ori Gilboa, CEO of SaverOne, said the partnership “will allow us to expand our RF capabilities into a large addressable defense market under the VisionWave platform.” Doug Davis, Executive Chairman and Interim CEO of VisionWave, noted that “VisionWave views SaverOne’s RF technology as an attractive platform to support the next phase of our RF‑focused defense strategy.” The phased approach reflects a disciplined execution plan that balances technology integration, early customer engagement, and risk mitigation.
The LOI signals VisionWave’s intent to broaden its technology base and pursue new market opportunities, but the deal’s success will hinge on milestone achievement, effective integration of RF technology, and the ability to secure shareholder approval. If completed, the partnership could position VisionWave as a more diversified defense technology provider while giving SaverOne a foothold in a high‑growth market, albeit with significant valuation and dilution considerations for SaverOne shareholders.
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