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VisionWave Holdings acquires VisionWave Israel, appoints new CEO and signs consulting deal
VisionWave Holdings Inc. (NASDAQ:VWAV) has acquired 100% of VisionWave IL Ltd. for nominal consideration, despite VWAV shares trading down 33% over the past six months and being deemed overvalued by InvestingPro. Following the acquisition, VisionWave IL Ltd. appointed Khdoura Sabbagh as CEO with an annual salary of $150,000 and eligibility for 2,000,000 stock options, and also entered into a consulting agreement with CO-Finance Financial and Accounting Consulting Ltd. for financial services. This move is part of VisionWave’s broader strategic developments, including recent acquisitions and increased stakes in other Israeli companies.