US Stock Movement | VisionWave surges over 180% after securing $50 million in equity financing
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On Monday, VisionWave surged over 180%, reaching a new high since its listing at $6.60. In terms of news, the company announced that it has secured up to $50 million in equity financing through a transformation financing agreement with an unnamed institutional investor. The agreement allows the company to sell up to $50 million of common stock at its discretion within 24 months. The agreement also includes an additional $5 million in convertible debt financing, of which $3 million has already been secured at the time of signing the financing agreement. This funding will help expand the deployment of its AI-driven defense solutions
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