---
title: "VisionWave Secures Up to $15 Million Convertible Debentures From YA II PN, Adds Warrants and Deferrals"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293324308.md"
description: "VisionWave secured up to $15 million in convertible debentures from YA II PN, with a $10 million tranche already closed. The financing includes 1.8 million warrants, registration rights, and subsidiary guaranties. To support this structure, VisionWave obtained payment deferrals on $16 million of legacy notes and extended $5 million in SEPA notes. Proceeds will fund working capital and general corporate purposes."
datetime: "2026-07-21T10:13:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293324308.md)
  - [en](https://longbridge.com/en/news/293324308.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293324308.md)
---

# VisionWave Secures Up to $15 Million Convertible Debentures From YA II PN, Adds Warrants and Deferrals

VisionWave entered a financing with YA II PN for up to $15 million of convertible debentures, purchased at 85% of face value, with a $10 million first tranche closed and a $5 million second tranche pending registration effectiveness. The notes carry 5% interest, amortize $1.75 million monthly starting Dec. 30, 2026 with a 2% payment premium, and are convertible at $5.00 per share (default conversion uses a variable price with a $0.702 floor). The company also issued 1.8 million warrants at a $5.00 strike, granted registration rights, and obtained a global guaranty from key subsidiaries. To support the structure, VisionWave secured deferrals on $6 million and $10 million legacy notes and extended $5 million of SEPA notes to Jan. 25, 2027. Proceeds are earmarked for working capital and general purposes.

**Agreement 1: VisionWave Secures Up to $15 Million Convertible Debentures From YA II PN**

-   **Agreement type**: Convertible debenture financing with original issue discount
-   **Counterparty**: YA II PN
-   **Signed / Effective**: Jul 20 2026 / same
-   **Duration / Termination**: Through Jul 20 2027
-   **Reason**: Strengthen liquidity for working capital and general purposes

**Agreement 2: VisionWave Issues 1.8 Million Warrants at $5.00 Strike to YA II PN**

-   **Agreement type**: Stock purchase warrants
-   **Counterparty**: YA II PN
-   **Signed / Effective**: Jul 20 2026 / same
-   **Duration / Termination**: 36 months
-   **Reason**: Equity sweetener to reduce financing cost

**Agreement 3: VisionWave Enters Registration Rights Agreement to Register Debenture and Warrant Shares**

-   **Agreement type**: Registration rights agreement for resale of equity
-   **Counterparty**: YA II PN
-   **Signed / Effective**: Jul 20 2026 / same
-   **Duration / Termination**: Until registrable securities are freely tradable
-   **Reason**: Facilitate resale liquidity for investor

**Agreement 4: VisionWave Subsidiaries Provide Global Guaranty Backing Yorkville-Managed Financing**

-   **Agreement type**: Global guaranty of financing obligations
-   **Counterparty**: YA II PN
-   **Signed / Effective**: Jul 20 2026 / same
-   **Duration / Termination**: Until obligations under debentures are paid
-   **Reason**: Secure lender support and reduce credit risk

**Agreement 5: VisionWave Obtains Payment Deferral From Dream America on $6 Million Note**

-   **Agreement type**: Consent and deferral letter on existing promissory note
-   **Counterparty**: Dream America Marketing Services
-   **Signed / Effective**: Jul 20 2026 / same
-   **Duration / Termination**: Until debentures are paid in full
-   **Reason**: Prioritize new senior financing amortization

**Agreement 6: VisionWave Secures Payment Deferral From Adrian Holdings on $10 Million Note**

-   **Agreement type**: Consent and deferral letter on existing promissory note
-   **Counterparty**: Adrian Holdings
-   **Signed / Effective**: Jul 20 2026 / same
-   **Duration / Termination**: Until debentures are paid in full
-   **Reason**: Prioritize new senior financing amortization

**Agreement 7: VisionWave Extends $5 Million SEPA Prepaid Notes Maturity to Jan 25, 2027**

-   **Agreement type**: Maturity extension of SEPA promissory notes
-   **Counterparty**: YA II PN
-   **Signed / Effective**: Jul 20 2026 / same
-   **Duration / Termination**: Through Jan 25 2027
-   **Reason**: Align SEPA notes with new financing timeline

Original SEC Filing: VisionWave Holdings, Inc. \[ VWAV \] - 8-K - Jul. 21, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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