VisionWave applies USD 5 million convertible-debt sale to cut promissory note balance to USD 2.47 million
VWAV•Convertible-debt sale applied to February note
VisionWave executed a Sept. 10 letter agreement with YA II PN to close a USD 5 million convertible debenture.
The purchase price was netted against the February Note, cutting principal by USD 5 million; no cash proceeds were received.
February note balance reduced and repayment schedule set
The February Note principal fell to USD 2.47 million from USD 7.47 million; any premium on that repayment was waived.
The remaining February Note amortizes in three equal principal installments of USD 823,059 on Oct. 26, Nov. 26, and Dec. 26, 2026.
