India, July 28 -- Shares of VisionWave Holdings, Inc. (VWAV) soared over 107% on Monday morning after the company announced a $50 million equity line deal with an institutional investor.
The stock opened at $4.1000, up from its previous close of $2.35. Trading volume surged to over 51 million shares, far exceeding its average volume of 0.5 million.
The funding, secured via a Standby Equity Purchase Agreement (SEPA), gives VisionWave the option to sell up to $50 million in common stock over a 24-month period, enabling the company to pursue strategic expansion without immediate dilution. Additionally, the investor has committed $5 million in convertible notes, including an upfront funding of $3 million.
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