SaverOne signs defense technology deal with VisionWave

SaverOne 2014 Ltd. (NASDAQ: SVRE) entered into a non-binding letter of intent with VisionWave Holdings Inc. (NASDAQ: VWAV) to develop RF defense platform technology for military and security applications.

Under the proposed agreement, SaverOne would serve as VisionWave's operating arm for RF-focused defense technology initiatives. The companies plan to integrate SaverOne's RF technologies to develop advanced solutions for defense and security markets.

The transaction structure involves a three-stage equity exchange. Initially, SaverOne would receive $2.75 million in VisionWave equity while VisionWave would acquire 19.99% of SaverOne. Meeting specified milestones would trigger two additional stages, allowing VisionWave to acquire an additional 19.99% and 11.02% respectively, potentially reaching approximately 51% ownership of SaverOne. SaverOne could receive up to $7 million total in VisionWave equity.

VisionWave would gain authority to appoint one director to SaverOne's board initially, with additional director appointments possible upon achieving development milestones.

"This LOI represents an important strategic step for SaverOne," said Ori Gilboa, CEO of SaverOne. "It allows us to develop and expand our RF capabilities into a new and very large addressable market: the defense and security markets."

Doug Davis, Executive Chairman and Interim CEO of VisionWave, stated the company views SaverOne's RF technology as supporting VisionWave's defense strategy through disciplined execution and technology integration.

The transaction requires completion of legal and financial due diligence, definitive agreements, and SaverOne shareholder approval. The companies noted no guarantee exists that the contemplated transactions will occur under current terms or at all.

SaverOne develops transportation safety solutions and RF-based technologies, while VisionWave focuses on advanced sensing and AI-driven systems for defense applications.

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