VisionWave Holdings Announces 1-for-20 Reverse Stock Split

What Happened

• VisionWave Holdings, Inc. filed a Form 8-K reporting that it filed a Certificate of Amendment on September 16, 2026 to effect a 1-for-20 reverse stock split of its common stock, effective 12:01 a.m. Eastern Time on September 22, 2026.
• The Reverse Stock Split will convert every 20 shares of common stock into one share, reducing outstanding shares from approximately 47.5 million to about 2.4 million (subject to rounding). No cash will be paid for fractional shares; fractional results will be rounded up to the next whole share. The par value remains $0.01 and total authorized shares remain 160,000,000 (150,000,000 common; 10,000,000 preferred).
• The company issued a press release on September 18, 2026 announcing the split; the Common Stock will continue trading on Nasdaq under the symbol "VWAV" and is expected to trade on a split-adjusted basis beginning September 22, 2026 (new CUSIP: 927950204).

Key Details

• Effective time: 12:01 a.m. Eastern, September 22, 2026.
• Outstanding shares before/after: ~47.5 million → ~2.4 million (approximate; subject to rounding).
• Fractional shares: none issued — any fractional share entitlements will be rounded up to one whole share; no cash-outs.
• Public Warrants: after the split each Public Warrant will be exercisable for 1/20 of a share and the exercise price will be proportionately adjusted to $230.00 per whole share.

Why It Matters

• The reverse split is intended to increase the per-share trading price to help VisionWave comply with Nasdaq’s $1.00 minimum bid requirement. It does not materially change each holder’s percentage ownership (except for slight increases due to rounding up).
• Although the split reduces outstanding shares, it leaves the number of authorized shares unchanged, increasing the pool of authorized-but-unissued common stock and the potential for future dilution if the company issues more shares.
• Equity awards, options, warrants, convertible notes and reserved shares under incentive plans will be proportionally adjusted; investors holding shares through brokers do not need to act, but should watch for updated positions and the new CUSIP on or after Sept 22, 2026.