VisionWave to Invest $17.5M for Up to 51% Stake in Foresight
Foresight Autonomous Holdings signed a non-binding term sheet with VisionWave Holdings to integrate its ultra-low-latency 3D perception sensors into VisionWave’s UAV, UGV, tactical UAS and counter-drone systems. VisionWave will acquire 45-51% of Foresight’s outstanding shares for about $17.5 million in stock, with two board seats and closings pending definitive agreements.
1. Term Sheet and Strategic Investment
Foresight Autonomous Holdings and VisionWave Holdings executed a non-binding term sheet on April 19, 2026, under which VisionWave will purchase between 45% and 51% of Foresight’s outstanding shares in exchange for approximately $17.5 million of VisionWave common stock. The agreement grants VisionWave two initial seats on Foresight’s board, with the potential for a third seat, and outlines staged closings subject to definitive agreements and regulatory approvals.
2. Technology Integration and Product Applications
The collaboration targets integration of Foresight’s high-resolution visible light/infra-red and neuromorphic event-based sensor suite into VisionWave’s portfolio of heavy-lift eVTOL aircraft, fixed-wing endurance UAVs, FPV strike platforms, modular off-road UGVs, sovereign-grade tactical UAS and autonomous interceptor drones. These sensors offer ultra-low-latency detection in fast, dynamic or low-light environments, enhancing defense, homeland security and critical infrastructure protection capabilities.
3. Next Steps and Closing Conditions
Both companies will remain independent, publicly traded entities pending completion of due diligence, Nasdaq and shareholder approvals, and other customary closing conditions. Definitive agreements are expected within 30 days of the term sheet signing, with the transaction structured in staged closings based on a five-day volume-weighted average price mechanism for VisionWave stock.