# EDGAR Filing Document

**Accession Number:** 0002038439
**File Stem:** 0001731122-26-000018
**Filing Date:** 2026-1
**Character Count:** 71897
**Document Hash:** 72175edcc2a11d2b571ae5e7aa83d834
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001731122-26-000018.hdr.sgml**: 20260107

**ACCESSION NUMBER**: 0001731122-26-000018

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 16

**CONFORMED PERIOD OF REPORT**: 20260105

**ITEM INFORMATION**: Entry into a Material Definitive Agreement

**ITEM INFORMATION**: Completion of Acquisition or Disposition of Assets

**ITEM INFORMATION**: Unregistered Sales of Equity Securities

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260107

**DATE AS OF CHANGE**: 20260107

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VisionWave Holdings, Inc.
- **CENTRAL INDEX KEY:** 0002038439
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 995002777
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42741
- **FILM NUMBER:** 26514087

**BUSINESS ADDRESS:**
- **STREET 1:** 1063 N. SPAULDING AVE
- **CITY:** WEST HOLLYWOOD
- **STATE:** CA
- **ZIP:** 90046
- **BUSINESS PHONE:** (302) 305-4790

**MAIL ADDRESS:**
- **STREET 1:** 300 DELAWARE AVE. SUITE 210 #301
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19801

?xml version='1.0' encoding='ASCII'?

**UNITED STATES SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form 8-K**

**Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): January 5, 2026

**<u>VisionWave Holdings, Inc.</u>**

(Exact Name of Registrant as Specified in its Charter)

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| | | |
|:---|:---|:---|
| **Delaware** | **001-72741** | **99-5002777** |
| (State or other jurisdiction<br> of incorporation) | (Commission File Number) | (I.R.S. Employer<br> Identification No.) |

---

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| | |
|:---|:---|
| **300 Delaware Ave., Suite 210 # 301**<br> **Wilmington, DE.** | **19801** |
| (Address of Principal Executive Offices) | (Zip Code) |

---

Registrant's telephone number, including area code: **(302) 305-4790**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol** | **Name of each exchange on which registered** |
| **Common Stock, par value $0.01 per share** | **VWAV** | **The Nasdaq Stock Market LLC** |
| **Redeemable Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50** | **VWAVW** | **The Nasdaq Stock Market LLC** |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

**Item 1.01 Entry into a Material Definitive Agreement.**

On January 5, 2026, VisionWave Holdings, Inc. (the "Company") entered into an Asset Purchase Agreement (the "Agreement") with Adrian Holdings S.R.L., a Costa Rican company (the "Seller").

Pursuant to the Agreement, the Company agreed to acquire from the Seller, and the Seller agreed to sell, transfer, convey and assign to the Company, all right, title and interest in and to certain intellectual property assets related to the technology known as QuantumSpeed (the "Assigned IP"), as more fully described in the Agreement.

In consideration for the Assigned IP, the Company agreed to pay the Seller aggregate consideration consisting of (i) 10,000,000 shares of the Company's common stock, par value $0.01 per share (the "Purchase Shares"), and (ii) a promissory note in the principal amount of $10,000,000 (the "Note").

At closing, the Company will issue and deliver to the Seller 3,000,000 Purchase Shares (the "Closing Shares") and executed and delivered the Note.

The issuance of the remaining 7,000,000 shares of the Company's common stock (the "Contingent Shares") is subject to approval by the Company's shareholders as required under applicable Nasdaq listing rules. The Company has agreed to use its commercially reasonable efforts to obtain such shareholder approval (the "Shareholder Approval") as soon as practicable following the Closing, including by including a proposal for such approval in its next annual or special meeting of shareholders (but excluding any special meeting to be held on or about February 2026), and in no event later than nine (9) months after the Closing Date. If Shareholder Approval is not obtained within nine (9) months after the Closing Date, then (i) the Company shall promptly cause sixty percent (60%) of the equity interests in QuantumSpeed Inc., a wholly-owned subsidiary of the Company to which the acquired intellectual property assets will have been assigned, to be transferred to the Seller (or its designee) free and clear of all encumbrances (other than restrictions under applicable securities laws), (ii) the Seller's security interest in such equity interests shall be automatically released, and (iii) the Seller shall retain full ownership of the 3,000,000 shares of common stock previously issued at Closing and the Note, without any obligation to return, cancel, or forfeit the same. For the avoidance of doubt, in such event, no alternative consideration will be provided in lieu of the Contingent Shares.

An independent third-party valuation by BDO Consulting Group assessed the QuantumSpeed intellectual property at approximately $99.6 million as of December 31, 2025, based on certain assumptions regarding future development success, market adoption, and discount rates. This valuation is not a guarantee of realizable value and is subject to significant risks, including potential impairment if development milestones are not met. The Company's Board was provided also with a fairness opinion by BDO Consulting Group for the structure and the value of the transaction.

The Agreement contains customary representations, warranties, covenants and indemnification provisions for a transaction of this nature.

The foregoing description of the Agreement and the transactions contemplated thereby does not purport to be complete and is qualified in its entirety by reference to the full text of the Agreement, a copy of which is filed as Exhibit 2.1 to this Current Report on Form 8-K and is incorporated herein by reference.

**Item 2.01 Completion of Acquisition or Disposition of Assets.**

On January 5, 2026, the transactions contemplated by the Agreement described in Item 1.01 of this Current Report on Form 8-K were completed. The information set forth in Item 1.01 above is incorporated by reference into this Item 2.01.

The Assigned IP consists of intellectual property rights owned by the Seller relating to the QuantumSpeed technology, including patents, patent applications, trademarks, copyrights, trade secrets, know-how, software and other proprietary rights, as set forth in Exhibit A to the Agreement. An independent third-party valuation of the Assigned IP was $99.6 million.

**Item 3.02 Unregistered Sales of Equity Securities.**

Pursuant to the Agreement described in Item 1.01 of this Current Report on Form 8-K, on January 5, 2026, the Company issued 3,000,000 shares of its common stock to the Seller as partial consideration for the Assigned IP. The issuance of these shares was not registered under the Securities Act of 1933, as amended (the "Securities Act"), in reliance upon the exemption from registration provided by Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, as the transaction did not involve a public offering. The Seller represented that it is an "accredited investor" as defined in Rule 501(a) of Regulation D under the Securities Act.

The information set forth in Item 1.01 above is incorporated by reference into this Item 3.02.

**Item 9.01 Financial Statements and Exhibits.**

(a) Financial statements of businesses acquired.

Not required, as the acquired assets consist solely of intellectual property and do not constitute a "business" for purposes of Regulation S-X.

(b) Pro forma financial information.

Not required, for the reason set forth in paragraph (a) above.

(d) Exhibits.

---

| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| 2.1 | [Asset Purchase Agreement dated as of January 5, 2026, by and between VisionWave Holdings, Inc. and Adrian Holdings S.R.L.](e7179_ex2-1.htm) |
| 10.1 | [Promissory Note dated January 5, 2026 issued to Adrian Holdings S.R.L.](e7179_ex10-1.htm) |
| 99.1 | [Press Release, dated January 7, 2026 (furnished pursuant to Item 8.01)](e7179_ex99-1.htm) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| Dated: January 7, 2026 | Dated: January 7, 2026 |
| VisionWave Holdings, Inc. | VisionWave Holdings, Inc. |
| By: | /s/ Douglas Davis |
| Name: | Douglas Davis |
| Title: | Executive Chairman |

---

## Exhibit 2.1

**EXHIBIT 2.1** 

**ASSET PURCHASE AGREEMENT**

This **ASSET PURCHASE AGREEMENT** ("**Agreement**") is entered into and made effective as of this 5th day of January 2026 ("**Effective Date**") by and between VisionWave Holdings, Inc., a Delaware corporation with a place of business at 300 Delaware Ave., Suite 210 #301, Wilmington, DE 19801 ("**Purchaser**"), and Adrian Holdings S.R.L., a Costa Rican company with Persona Jurídica No. 3-102-945366 and a place of business at San José, Escazú, San Rafael, Guachipelín, Centro Comercial Distrito Cuatro, Oficina 317, Costa Rica ("**Seller**") (each of Seller and Purchaser is defined herein as a "Party", and collectively referred to as the "**Parties**").

**WITNESSETH:**

**WHEREAS,** Seller owns certain intellectual property assets related to the technology known as QuantumSpeed, as set forth in **Exhibit A** hereto, which has been valued by an independent third party at $99.6 million; and

**WHEREAS,** Purchaser desires to purchase from Seller, and Seller desires to sell and assign to Purchaser, such intellectual property assets set forth in **Exhibit A** hereto, on the terms and conditions set forth herein.

**NOW, THEREFORE,** in consideration of the premises and of the mutual covenants set forth herein, the sufficiency and receipt of which the Parties hereby acknowledge, the Parties, intending to be legally bound, hereby agree as follows:

**ARTICLE I**

**DEFINITIONS**

1.1 Capitalized Terms. In addition to those terms defined in the body of this Agreement, the following capitalized terms shall have the meanings set forth below:

(a) "**Affiliate**" means a legal entity that Controls, is Controlled by, or is under common Control with a Party. Such legal entity shall constitute an Affiliate of the Party only when and for so long as the Control exists.

(c) "**Assignment Agreements**" means any executed agreements assigning, changing, confirming or correcting ownership (including without limitation original assignment agreements) of any part, portion or all rights in the Assigned IP from the Inventor(s) and/or any prior owner to any prior owner or Seller.

(d) "**Bona Fide Owned and Controlled**" means for the purpose of a design that ownership and control was not transferred or provided for purposes of providing a license to cover an offering of a third party under the licenses granted herein.

(e) "**Change of Control**" means (a) any transaction or series of transactions whereby any person or entity directly or indirectly acquires Control of another person or entity; or (b) the consummation (whether directly or indirectly through one or more intermediaries) of a sale or other disposition of all or substantially all of another person's or entity's assets in any single transaction or series of related transactions.

(f) "**Control**" (including the correlative meanings of the terms "Controls", "Controlled by" and "under common Control with") means the direct or indirect ownership of more than fifty percent (50%) of an entity, or the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a person or an entity, whether through the ability to exercise voting power, by contract or otherwise.

(g) "**Disclaimer Issue**" means a terminal disclaimer (including under 35 U.S.C. Sec. 253 or 37 CFR 1.321 or the equivalent laws or regulation of any other patent authority) that exists or is or should reasonably be required to be made in a patent or patent application to address a double patenting issue, including such an issue raised in a judicial or administrative proceeding (including any proceeding with the U.S. Patent and Trademark Office or any corresponding foreign patent authority).

(h) "**Encumbrance**" means with respect to any of the Assigned IP, any mortgage, lien, pledge, charge, Commitment, security interest, express or implied license, Grant, judgment, stipulation, court order or decree, or other restriction regarding transfer or licensing, or any other commitment to a third party which would result in any such Encumbrance whether currently existing or arising in the future.

(i) "**Governmental Entity**" means any court, administrative agency or commission or other federal, state, county, local or foreign governmental authority, instrumentality, agency commission or subdivision thereof, including but not limited to the U.S. Patent and Trademark Office ("**PTO**") and the European Patent Office ("**EPO**").

(j) "**Grant**" means a license, waiver of any rights of enforcement (including but not limited to any covenant not to sue, covenant not to assert, or standstill agreement), release of any claim, or other grant of any right.

(k) "**Importation Information**" means an electronic file provided by Seller containing all information requested regarding the Assigned IP.

(l) "**including**" means including without limitation.

(m) "**or**" means "and/or".

(n) "**Inventor**" means each of the named inventors of each of the Assigned IP as well as any inventor who should be or should have been named on each of the Assigned IP.

(o) "**Patent Documents**" means (i) all prosecution files (physical and electronic) and docket reports (capturing a time period no shorter than ninety (90) days following the Effective Date) for all of the Assigned IP in the possession or control of Seller, its counsel or its agents; (ii) all Assignment Agreements; (iii) all documents, records and files in the possession or control of Seller, its counsel or its agents (and including any and all of each Inventor) with respect to (A) the conception and reduction to practice (and diligence in reduction to practice) of the inventions of any of the Assigned IP, (B) the disclosure of, acquisition, prosecution, registration, reissuance, correction, enforcement, defense, and maintenance of the Assigned IP (including without limitation ribbon copies of any letters patent), (C) Seller's marking activities and program(s) with respect to the Assigned IP, and (D) Seller's licensing or sales activities with respect to the Assigned IP; and (iv) all other material documentation or information in the possession or control of Seller, its counsel or its agents related to the Assigned IP. Notwithstanding the foregoing, Patent Documents shall exclude any documents or information in clauses (i) - (iv) of this Section which are subject to the doctrines of attorney-client privilege, attorney work-product, joint defense, common interest and/or any other applicable privilege or immunity (collectively, "Common Interest Privilege") if providing such documents or information to Purchaser cannot be accomplished in a manner that protects such Common Interest Privilege.

(p) "**Patent Family**" means a set comprised of all Patents (a) that are linked or entitled to be linked through one or more claims of benefit or priority pursuant to 35 U.S.C. §§ 120 or 119 (or the equivalent laws or regulation of any other patent authority) or by a terminal disclaimer pursuant to 35 U.S.C. § 253 or 37 CFR § 1.321 (or the equivalent laws or regulation of any other patent authority) or (b) that are, or are entitled to be, foreign counterparts, reissues, divisionals, extensions, continuations or continuations-in-part with respect to any other Patent in such set.

(q) "**Patent**s" means any United States, foreign or international patents and patent applications, patents and patent applications resulting or issuing therefrom, certificates of invention, utility models or any other grants by any Governmental Entity for the protection of inventions, including all non-provisionals, provisional, reissues, divisionals, continuations, continuations-in-part, re-examinations and extensions of any of the foregoing; provided, however, that when the term "Patent" is used in the context of, or to refer to, a particular patent or patent application, or a patent or patent application on a schedule, the term shall mean only that particular patent or patent application, as the case may be.

(r) "**Seller Product**" means any product associated with the Assigned IP, which as of the Effective Date, meets all of the following: (i) the design of the product is Bona Fide Owned and Controlled by Seller, is sold by the Seller, or in development with the intention by Seller to commercialize, and (ii) in the absence of a license or other authorization, the product would infringe one or more of the Assigned IP.

(s) "**Subsidiary**" means a legal entity that is Controlled by a Party. Such legal entity shall constitute a Subsidiary of the Party only when and for so long as the Control exists.

(t) "**Transfer Documents**" means the fully executed transfer documents, in a form approved by Purchaser suitable for filing with the relevant Governmental Authority, in each jurisdiction where the Assigned IP issued from or have been filed, as the case may be, in each case to record the change of ownership of the Assigned IP from Seller to Purchaser. Unless otherwise directed by Purchaser, Transfer Documents for U.S. Assigned IP shall be as provided in the form of Exhibit B ("IP Assignment").

**ARTICLE II**

**SALE AND TRANSFER OF ASSIGNED IP AND COOPERATION**

2.1 Transfer. Effective as of the Effective Date, Seller hereby irrevocably sells, transfers, conveys and assigns, and shall cause its Affiliates to irrevocably sell, transfer, convey and assign, to Purchaser (or its designee, as to any or all of the Assigned IP), and Purchaser hereby acquires from Seller or its Affiliates, all right, title and interest in and to (i) all Assigned IP, including without limitation the right to sue, license and collect and receive all income, royalties, damages, payments due, injunctive relief and any other settlements or remedies (including, without limitation, causes of action and rights to damages and payments for past, present and future infringements, violations or misappropriations) for infringement, violation or misappropriation of any of the Assigned IP; (ii) any and all corresponding rights that, now or after the date hereof, may be secured throughout the world, including rights to renew, reissue, continue or divide any of the Assigned IP; (iii) all Patent Documents; (iv) all Assignment Agreements; and (v) all causes of action (whether known or unknown or whether currently pending, filed, or otherwise) and other enforcement rights under, or on account of, any of the Assigned IP, including, without limitation, all causes of action and rights to damages and payments for past, present and future infringements, violations or misappropriations, and the right to sue therefor under the laws of any jurisdiction worldwide.

2.2 Consideration.

(a) Total Consideration. In consideration for the sale, transfer, conveyance, and assignment of the Assigned IP pursuant to Section 2.1, Purchaser shall pay to Seller aggregate consideration consisting of (i) Ten Million (10,000,000) shares of Purchaser's common stock, par value $0.01 per share (the "**Purchase Shares**"), and (ii) a Promissory Note, in the form attached hereto as **Exhibit C**, in the principal amount of Ten Million United States Dollars (US$10,000,000) (the "**Note**").

(b) Delivery at Closing. At Closing, Purchaser shall:

(i) issue and deliver to Seller Three Million (3,000,000) of the Purchase Shares (the "**Closing Shares**"); and

(ii) execute and deliver the Note to Seller.

The Closing Shares shall be issued in book-entry form or, if requested by Seller, in certificated form, and shall bear customary legends reflecting applicable securities laws restrictions.

(c) Post-Closing Assignment to Subsidiary. Within thirty (30) days following the Closing Date (or such later date as mutually agreed), Purchaser shall cause the Assigned IP to be assigned, transferred, and conveyed to a newly formed wholly-owned subsidiary corporation incorporated under the laws of the State of Nevada named "QuantumSpeed Inc." or such other name as is reasonably acceptable to Purchaser and available under Nevada law (the "**Subsidiary**" or "**Quantum**"). Purchaser shall provide Seller with evidence reasonably satisfactory to Seller of such assignment (including recorded assignments with applicable intellectual property offices) and of Quantum's status as a wholly-owned subsidiary of Purchaser.

(d) Security Interest in Pledged Equity. Concurrently with the assignment described in Section 2.2(c), Purchaser shall cause Quantum to issue to Purchaser, and Purchaser shall pledge and grant to Seller a first-priority perfected security interest in, sixty percent (60%) of the issued and outstanding equity interests of Quantum (the "**Pledged Equity**"). Such pledge shall be effected pursuant to a Pledge and Security Agreement in a form agreeable to the Parties (the "**Pledge Agreement**"), which shall include customary provisions for a transaction of this type, including, without limitation, delivery of stock certificates (if certificated), irrevocable stock powers executed in blank, UCC-1 financing statements, and control agreements if applicable. Seller's security interest in the Pledged Equity shall secure Purchaser's and Quantum's obligations under this Agreement, the Note, and the Contingent Shares issuance.

(e) Contingent Shares and Shareholder Approval. The remaining Seven Million (7,000,000) Purchase Shares (the "**Contingent Shares**") shall be issued and delivered to Seller promptly upon receipt of Purchaser's shareholder approval for such issuance, as required under applicable Nasdaq rules (the "**Shareholder Approval**"). Purchaser shall use its commercially reasonable efforts to obtain the Shareholder Approval as soon as practicable following the Closing, including by including a proposal for such approval in its next annual or special meeting of shareholders (but excluding the Special Meeting to be held on or about February 2026), but in no event later than nine (9) months after the Closing Date.

(f) Remedy for Failure to Obtain Shareholder Approval. If Shareholder Approval is not obtained within nine (9) months after the Closing Date, then:

(i) Purchaser shall promptly cause the Pledged Equity to be transferred to Seller (or its designee) free and clear of all Encumbrances (other than securities laws restrictions), including by delivering stock certificates, executed stock powers, and termination of any financing statements;

(ii) upon such transfer, Seller's security interest shall be automatically released and the Pledge Agreement terminated; and

(iii) Seller shall retain full ownership of the Closing Shares previously issued and the Note (including all rights to payment thereunder), without any obligation to return, cancel, or forfeit the same.

For the avoidance of doubt, no alternative consideration shall be negotiated or provided in lieu of the Contingent Shares in such event.

(g) Further Assurances. Each Party shall execute and deliver such additional documents and take such further actions as may be reasonably requested by the other Party to effectuate the provisions of this Section 2.2, including filings necessary to perfect or release the security interest in the Pledged Equity.

2.3 Cooperation. Seller agrees to cooperate fully with Purchaser and its designees, at Purchaser's expense, in connection with the prosecution, maintenance, enforcement, and defense of the Assigned IP, including but not limited to executing any additional documents necessary to perfect Purchaser's title thereto, providing testimony, and assist in any legal proceedings related to the Assigned IP.

2.4 Transfer Documents and Patent Documents. Within ten (10) business days after the Effective Date, Seller shall deliver to Purchaser the Transfer Documents and all Patent Documents.

2.5 Importation Information. Within ten (10) business days after the Effective Date, Seller shall deliver to Purchaser the Importation Information.

**ARTICLE III**

**REPRESENTATIONS AND WARRANTIES OF SELLER**

Seller represents and warrants to Purchaser as follows:

3.1 Organization and Authority. Seller is a sociedad de responsabilidad limitada duly organized, validly existing, and in good standing under the laws of the Republic of Costa Rica, and has full corporate power and authority to own the Assigned IP, to enter into this Agreement, and to consummate the transactions contemplated hereby, including the assignment and transfer of the Assigned IP to Purchaser. The execution, delivery, and performance of this Agreement by Seller have been duly authorized by all necessary corporate action.

3.2 Title to Assigned IP. Seller is the sole and exclusive owner of the entire right, title, and interest in and to the Assigned IP (including all registered patents, patent applications, trademarks, trademark applications, copyrights, and copyright applications listed in the Schedules), free and clear of all Encumbrances (except as disclosed in the Schedules). The Assigned IP constitutes all intellectual property rights used in or necessary for the conduct of the business as currently conducted. Upon consummation of the transactions contemplated hereby, Purchaser will acquire good, valid, and marketable title to the Assigned IP, free and clear of all Encumbrances.

3.3 No Conflicts; Consents. Neither the execution, delivery, nor performance of this Agreement by Seller, nor the consummation of the transactions contemplated hereby (including the assignment of the Assigned IP), will (a) conflict with, violate, or result in a breach of Seller's organizational documents, (b) conflict with, violate, or result in a breach or default under any agreement, instrument, license, permit, or understanding (oral or written) to which Seller is a party or by which Seller or the Assigned IP is bound, (c) violate any applicable law or order, or (d) result in the creation of any Encumbrance on the Assigned IP. No consent, approval, or authorization of any third party or governmental authority is required for the assignment of the Assigned IP to Purchaser.

3.4 Validity and Enforceability. Each item of registered Assigned IP is subsisting, in full force and effect, valid, and enforceable. To Seller's Knowledge, the unregistered Assigned IP (including know-how and trade secrets) is valid and enforceable. There are no pending or, to Seller's Knowledge, threatened actions, suits, proceedings, oppositions, interferences, reexaminations, reissues, invalidity challenges, or other challenges to the validity, enforceability, ownership, or registrability of any Assigned IP. No item of Assigned IP has been abandoned, canceled, or adjudged invalid or unenforceable in whole or in part.

3.5 No Infringement by Third Parties; No Litigation. To Seller's Knowledge, no third party is infringing, misappropriating, or otherwise violating any Assigned IP. There are no pending or, to Seller's Knowledge, threatened claims, actions, or proceedings by Seller alleging infringement of the Assigned IP, and Seller has not sent any notice of infringement to any third party. There are no pending or, to Seller's Knowledge, threatened claims, actions, suits, or proceedings against Seller alleging that the Assigned IP or the use thereof infringes, misappropriates, or violates the intellectual property rights of any third party.

3.6 No Infringement by Assigned IP. The Assigned IP does not infringe, misappropriate, or otherwise violate, and the exploitation or use of the Assigned IP has not infringed, misappropriated, or violated, the intellectual property rights of any third party.

3.7 Maintenance. All necessary registration, maintenance, renewal fees, annuities, and other payments due with respect to the Assigned IP have been timely paid in full, all required documents and certificates have been filed with the relevant authorities, and the Assigned IP is subsisting and in good standing. No renewal or maintenance deadlines fall due within 120 days following the Closing Date (except as disclosed in the Schedules).

3.8 No Terminal Disclaimer or Disclaimer Issues. No item of Assigned IP is subject to any terminal disclaimer, statutory disclaimer, or other disclaimer that limits its term, scope, enforceability, or value. There are no other "Disclaimer Issues" (including any filings or obligations that could shorten the term or impair enforceability) with respect to the Assigned IP.

3.9 Assignment Agreements and Chain of Title. Seller has obtained valid, enforceable, and duly executed written assignments from all inventors, authors, employees, consultants, and other persons who contributed to the creation or development of the Assigned IP, sufficient to vest full and exclusive ownership in Seller (or its predecessors). All such Assignment Agreements are listed in the Schedules and copies have been provided to Purchaser. There are no gaps or defects in the chain of title to the Assigned IP.

3.10 No Prior Grants or Obligations. Seller has not granted, and there are no outstanding, any licenses, options, covenants not to sue, or other rights or interests (exclusive or non-exclusive) in or to the Assigned IP to any third party. The Assigned IP is not subject to any co-ownership, joint development, or government funding obligations that would restrict Purchaser's exclusive use or ownership post-Closing.

3.11 Accredited Investor Status. Seller represents and warrants that it is an "accredited investor" as defined in Rule 501(a) of Regulation D promulgated under the Securities Act of 1933, as amended (the "**Securities Act**"). Specifically, Seller meets one or more of the following criteria (as indicated in the disclosure schedule delivered concurrently herewith):

(a) Seller is an entity with total assets in excess of US$5,000,000 that was not formed for the specific purpose of acquiring the securities or other consideration issued by Purchaser in connection with this Agreement;

(b) Seller is an entity in which all of the equity owners are accredited investors under Rule 501(a); or

(c) Seller otherwise qualifies as an accredited investor under one of the categories set forth in Rule 501(a)(1) through (8) of Regulation D.

Seller has such knowledge, sophistication, and experience in business and financial matters that it is capable of evaluating the merits and risks of receiving the Promissory Note (and any other securities issued as consideration hereunder) as partial consideration for the Assigned IP. Seller is able to bear the economic risk of such investment and has been furnished with or has had access to all information it considers necessary to make an informed investment decision with respect thereto.

3.12 Full Disclosure**.** Seller has disclosed to Purchaser all material information regarding the Assigned IP, including all prior art known to Seller that could affect patentability, all correspondence with patent/trademark offices material to validity or scope, and all third-party claims or notices received relating to the Assigned IP. There are no facts or circumstances known to Seller that could materially adversely affect the value, validity, enforceability, or Purchaser's use of the Assigned IP.

**ARTICLE IV**

**REPRESENTATIONS AND WARRANTIES OF PURCHASER**

Purchaser represents and warrants to Seller as follows:

4.1 Organization and Authority. Purchaser is a corporation duly organized, validly existing, and in good standing under the laws of the State of Delaware. Purchaser has full corporate power and authority to execute and deliver this Agreement, the Purchase Shares and the Note, to consummate the transactions contemplated hereby (including the acquisition of the Assigned IP and the issuance of , the Purchase Shares and the Note as partial consideration), and to perform its obligations hereunder and thereunder. The execution, delivery, and performance of this Agreement, the Purchase Shares and the Note by Purchaser have been duly authorized by all necessary corporate action on the part of Purchaser, and no other corporate proceedings are necessary for such authorization.

4.2 No Conflicts; Consents. Neither the execution, delivery, nor performance of this Agreement by Purchaser, nor the consummation of the transactions contemplated hereby or thereby (including the issuance of , the Purchase Shares and the Note), will (a) conflict with, violate, or result in a breach of Purchaser's certificate of incorporation or bylaws (or equivalent organizational documents), (b) conflict with, violate, result in a breach or default under, or give rise to any right of termination, cancellation, or acceleration of any obligation under any agreement, instrument, license, permit, or understanding (oral or written) to which Purchaser is a party or by which Purchaser or its assets are bound, (c) violate any applicable law, rule, regulation, judgment, order, or decree of any governmental authority, or (d) result in the creation of any Encumbrance upon any assets of Purchaser. No consent, approval, waiver, or authorization of, or filing with, any third party or governmental authority is required in connection with the execution, delivery, or performance by Purchaser of this Agreement or the consummation of the transactions contemplated hereby or thereby.

4.3 Issuance of Note and Consideration Securities. The Note, when issued and delivered as provided herein, will constitute a valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms (subject to applicable bankruptcy, insolvency, reorganization, moratorium, or similar laws affecting creditors' rights generally and general principles of equity). The Purchase Shares, when issued and delivered in accordance with this Agreement, will be duly authorized, validly issued, fully paid, and non-assessable, and will be issued in compliance with all applicable federal and state securities laws, free and clear of any Encumbrances (other than those arising under applicable securities laws or as set forth in this Agreement).

**ARTICLE V**

**COVENANTS**

5.1 Further Assurances; Cooperation.

(a) From and after the Closing, each Party shall, at the reasonable request of the other Party and without additional consideration, execute, acknowledge, and deliver (or cause to be executed, acknowledged, and delivered) such additional instruments, documents, and assignments, and take such further actions as may be reasonably required to carry out the intent and purposes of this Agreement, including to vest in Purchaser full right, title, and interest in and to the Assigned IP worldwide, to record the assignment of the Assigned IP with relevant governmental authorities (including patent, trademark, and copyright offices), and to perfect, protect, or enforce the Assigned IP.

(b) Seller shall promptly provide Purchaser with all original files, records, prosecution histories, correspondence, and other materials relating to the Assigned IP in Seller's possession or control.

(c) For a period of 12 months following Closing (or longer if reasonably required), Seller shall provide reasonable transition assistance to Purchaser regarding the Assigned IP, including responding to inquiries about prosecution history, prior art, or inventorship, at no additional cost (except reimbursement of reasonable out-of-pocket expenses).

5.2 Confidentiality.

Each Party shall treat as confidential and not disclose to any third party (except as required by law or with the prior written consent of the other Party) the terms of this Agreement, the existence of the transactions contemplated hereby, and any non-public information received from the other Party. This obligation shall survive Closing for a period of three (3) years (or indefinitely with respect to trade secrets). The receiving Party may disclose such information to its affiliates, advisors, financiers, or representatives who need to know and are bound by equivalent confidentiality obligations.

5.3 Public Announcements.

No Party shall issue or cause the publication of any press release or other public announcement or communication with respect to this Agreement or the transactions contemplated hereby without the prior written consent of the other Party (which consent shall not be unreasonably withheld, conditioned, or delayed), except as may be required by applicable law, regulation, or Nasdaq listing rules (in which case the disclosing Party shall provide the other Party with a reasonable opportunity to review and comment on such disclosure in advance). The Parties shall cooperate in good faith to prepare and agree upon any joint press release regarding the transaction if mutually desired.

5.4 Tax Cooperation.

Each Party shall cooperate fully with the other in connection with the filing of tax returns and any audit or proceeding relating to the Assigned IP or the transactions contemplated hereby, including providing necessary information and documents.

**ARTICLE VI**

**INDEMNIFICATION**

Seller shall defend, indemnify, and hold harmless Purchaser, its affiliates, and their respective officers, directors, employees, agents, successors, and permitted assigns (collectively, the "**Purchaser Indemnitees**") from and against any and all losses, damages, liabilities, obligations, claims, demands, actions, suits, proceedings, judgments, settlements, interest, awards, penalties, fines, costs, and expenses (including reasonable attorneys' fees, expert fees, and court costs) (collectively, "**Losses**") incurred or suffered by any Purchaser Indemnitee arising out of, relating to, or resulting from:

(a) any breach or inaccuracy of any representation or warranty made by Seller in this Agreement (including the Schedules hereto);

(b) any breach or non-performance of any covenant or agreement of Seller contained in this Agreement;

(c) any third-party claim alleging infringement, misappropriation, or violation of intellectual property rights based on the Assigned IP (regardless of knowledge qualifiers in representations);

(d) any taxes, duties, or governmental charges imposed on Seller or relating to the Assigned IP or the business prior to Closing; or

(e) any fraud, intentional misrepresentation, or willful breach by Seller.

6.2 Indemnification by Purchaser.

Purchaser shall defend, indemnify, and hold harmless Seller, its affiliates, and their respective officers, directors, employees, agents, successors, and permitted assigns (collectively, the "**Seller Indemnitees**") from and against any and all Losses incurred or suffered by any Seller Indemnitee arising out of, relating to, or resulting from:

(a) any breach or inaccuracy of any representation or warranty made by Purchaser in this Agreement;

(b) any breach or non-performance of any covenant or agreement of Purchaser contained in this Agreement (including payment obligations under the Promissory Note); or

(c) any fraud, intentional misrepresentation, or willful breach by Purchaser.

6.3 Procedures for Indemnification.

(a) Notice. Promptly after receipt by an Indemnitee of notice of any third-party claim or the commencement of any action or proceeding for which indemnification may be sought, such Indemnitee shall notify the Indemnifying Party in writing; provided, however, that failure to give timely notice shall not relieve the Indemnifying Party of its obligations except to the extent it is actually prejudiced thereby.

(b) Defense. The Indemnifying Party shall have the right to assume and control the defense of any third-party claim with counsel reasonably acceptable to the Indemnitee, at the Indemnifying Party's expense. The Indemnitee may participate in (but not control) the defense at its own expense. The Indemnifying Party shall not settle any claim without the Indemnitee's prior written consent (not to be unreasonably withheld) if such settlement imposes liability on, or requires admission from, the Indemnitee.

(c) Direct Claims. For non-third-party claims, the Indemnitee shall provide written notice specifying the basis and amount (if known), and the Indemnifying Party shall respond within [30] days.

6.4 Survival.

The representations and warranties in this Agreement shall survive Closing for a period of 18 months, except:

(a) Fundamental Representations (Sections 3.1 Organization and Authority, 3.2 Title to Assigned IP, 4.1 Organization and Authority) shall survive for 5 years (or the applicable statute of limitations);

(b) IP-specific representations (Sections 3.4–3.10) shall survive for 3 years; and

(c) Covenants shall survive indefinitely or until fully performed.

Claims for fraud or intentional misrepresentation shall survive indefinitely.

6.5 Limitations on Indemnification.

(a) Basket. No indemnification shall be payable by Seller for breaches of representations and warranties (other than Fundamental Representations or fraud) until aggregate Losses exceed US$100,000 (the "**Basket**"), after which the Indemnifying Party shall be liable for all Losses (including those comprising the Basket).

(b) Cap. The aggregate liability of Seller for indemnification claims (other than for Fundamental Representations, fraud, or covenants) shall not exceed 100% of the total Purchase Price (the "**Cap**"). Liability for Fundamental Representations and covenants shall be capped at the total Purchase Price. There shall be no cap for fraud or intentional misrepresentation.

(c) Total Consideration. For purposes of calculating the Cap, the "Purchase Price" shall mean the principal amount of the Note ($10,000,000) plus the fair market value of any Purchase Shares or other consideration delivered at Closing (valued as of the Closing Date using the closing price of Purchaser's common stock on Nasdaq, if applicable).

(d) Other Limitations. Losses shall be calculated net of insurance recoveries or tax benefits actually received. No punitive damages except if awarded to a third party.

6.6 Exclusive Remedy.

Except for claims based on fraud or equitable remedies (e.g., specific performance), the indemnification rights in this Article VI shall be the sole and exclusive remedy for any Losses arising from this Agreement.

**ARTICLE VII**

**MISCELLANEOUS**

7.1 Confidentiality. The Parties shall maintain as strictly confidential this Agreement and any proprietary information disclosed under, or as a result of or during the negotiation of, this Agreement, which obligation shall survive the consummation of the transactions contemplated herein, and shall only use such information for the purpose of performing under and/or enforcing this Agreement or the Assigned IP, except that each Party, or its Affiliates, may disclose or use this Agreement or any such proprietary information as follows:

(a) As reasonably necessary to prosecute or enforce the Assigned IP;

(b) as reasonably necessary for Purchaser to record or otherwise perfect Purchaser's interest in the Assigned IP;

(c) to the extent required by law;

(d) to the extent such information is public information, except as a result of the breach of this Section 7.1;

(e) as is required by a court or an arbitral order which has been precipitated by a third party request; provided, that the entity making such disclosure or use shall seek appropriate confidentiality protections (e.g., having such disclosures covered by a protective order or other comparable protections) prior to making such disclosure or use;

(f) to satisfy SEC, Nasdaq or other statutory, regulatory, taxation, or administrative requirements;

(g) in a legal proceeding between the Parties or their Affiliates;

(h) to a potential acquirer, in connection with a potential acquisition of all or any material part of any business of such Party; or

(i) in confidence, to its accountants, bankers, attorneys, or their Affiliates.

Notwithstanding the foregoing, the Parties acknowledge that Purchaser or its Affiliates shall have the right, at its sole discretion, to publish and distribute a press release or a Current Report on Form 8-K or Periodic Report filed pursuant to the Securities Exchange Act of 1934, as amended, announcing the execution of this Agreement, describing the material terms hereof and filing such Agreement as an exhibit thereto.

7.2 Expenses. Except as otherwise provided in this Agreement, each Party will pay all fees and expenses incurred by it in connection with this Agreement and the transactions contemplated hereby.

7.3 Governing Law/Venue. This Agreement is governed by the laws of the State of California, excluding its conflict-of-laws principles. The state and federal courts in the State of California shall have exclusive jurisdiction over any claim, suit or proceeding (each, a "**Proceeding**") related to this Agreement (including without limitation the breach or threatened breach thereof), and each Party irrevocably (a) consents to the jurisdiction of such courts for any Proceeding, (b) consents to service of process in any Proceeding in such courts by globally recognized overnight courier service at the address set forth above, as well as other means of service permitted by law; and (c) waives any objections on the grounds of venue, residence, domicile or inconvenient forum to any Proceeding brought in such courts.

7.4 Waivers. The failure of any Party to insist upon the performance of any of the terms or conditions of this Agreement or to exercise any right hereunder, shall not be construed as a waiver or relinquishment of any such right, term or condition. No waiver by any Party of any provision of this Agreement or any default, misrepresentation, or breach of warranty or covenant hereunder shall be valid unless the same shall be in writing and signed by the Party making such waiver.

7.5 Severability. The provisions of this Agreement shall be severable, and if any of them are held invalid or unenforceable, then that provision shall be construed to the maximum extent permitted by law. The invalidity or unenforceability of one provision shall not necessarily affect any other.

7.6 Notices. All notices or other communications required or permitted under this Agreement shall be in writing and shall be delivered by personal delivery, registered mail, return receipt requested, or a qualified overnight delivery service addressed as set forth above. All such notices shall be deemed delivered at the time of delivery, except a facsimile shall be deemed delivered at the time of electronic confirmation of delivery.

7.7 Asset Purchase. The transaction contemplated under this Agreement is strictly an asset purchase, and Purchaser is not taking any assignment of any debt, obligation, or other Encumbrance on any of the Assigned IP.

7.8 Entire Agreement/Amendment. This Agreement contains the complete and final agreement between the Parties, and supersedes all previous understandings, relating to the subject matter hereof whether oral or written. This Agreement may only be modified by a written agreement signed by duly authorized representatives of the Parties.

7.9 No Assignment. Except for Purchaser's right to assign or delegate this Agreement and its rights and duties as set forth herein to a present or future Affiliate, neither this Agreement nor any rights or duties under this Agreement may be assigned or delegated, in whole or in part, by either Party without the prior written consent of the non-assigning Party, which consent may be withheld by the non-assigning Party for any or no reason; provided, however, Seller may assign the Purchaser Shares and the Note to its shareholders. Any attempted assignment and/or delegation in breach of this Section 7.9 will be null and void. The Parties understand and agree that a Change of Control event is considered an assignment for the purposes of this Section 7.9.

7.10 Survival. Notwithstanding anything in this Agreement to the contrary except as set forth in Section 6.1, all representations, warranties, obligations, responsibilities, terms or conditions which by a fair reading of their nature are intended to survive shall be deemed to survive.

7.11 Limitation on Consequential Damages. EXCEPT IN THE CASE OF FRAUD BY SELLER, NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR LOSS OF PROFITS, OR ANY OTHER INDIRECT OR SPECIAL, CONSEQUENTIAL, PUNITIVE OR INCIDENTAL DAMAGES, HOWEVER CAUSED, EVEN IF ADVISED OF THE POSSIBILITY OF SUCH DAMAGE. THE PARTIES ACKNOWLEDGE THAT THESE LIMITATIONS ON POTENTIAL LIABILITIES WERE AN ESSENTIAL ELEMENT IN SETTING CONSIDERATION UNDER THIS AGREEMENT.

7.12 Arm's Length Negotiations. Each Party herein expressly represents and warrants to all other Parties hereto that (a) before executing this Agreement, said Party has fully informed itself of the terms, contents, conditions and effects of this Agreement; (b) said Party has relied solely and completely upon its own judgment in executing this Agreement; (c) said Party has had the opportunity to seek and has obtained the advice of its own legal, tax and business advisors before executing this Agreement; (d) said Party has acted voluntarily and of its own free will in executing this Agreement; and (e) this Agreement is the result of arm's length negotiations conducted by and among the Parties and their respective counsel.

7.13 Amendments. Every right and remedy provided herein shall be cumulative with every other right and remedy, whether conferred herein, at law, or in equity, and may be enforced concurrently herewith, and no waiver by any Party of the performance of any obligation by the other shall be construed as a waiver of the same or any other default then, theretofore, or thereafter occurring or existing. This Agreement may be amended by a writing signed by all Parties hereto.

7.14 Remedies. The remedies provided in this Agreement shall be cumulative and in addition to all other remedies available under this Agreement, at law or in equity (including a decree of specific performance and/or other injunctive relief).

7.15 Counterparts, Effect of Facsimile, Emailed and Photocopied Signatures. This Agreement and any signed agreement or instrument entered into in connection with this Agreement, and any amendments hereto or thereto, may be executed in one or more counterparts, all of which shall constitute one and the same instrument. Any such counterpart, to the extent delivered by means of a facsimile machine or by .pdf, .tif, .gif, .jpeg or similar attachment to electronic mail (any such delivery, an "Electronic Delivery") shall be treated in all manner and respects as an original executed counterpart and shall be considered to have the same binding legal effect as if it were the original signed version thereof delivered in person. At the request of any Party, each other Party shall re execute the original form of this Agreement and deliver such form to all other Parties. No Party shall raise the use of Electronic Delivery to deliver a signature or the fact that any signature or agreement or instrument was transmitted or communicated through the use of Electronic Delivery as a defense to the formation of a contract, and each such Party forever waives any such defense, except to the extent such defense relates to lack of authenticity.

7.16 Assignment to Wholly-Owned Subsidiary of Purchaser. The Parties agree and confirm, and the Seller acknowledges and agrees, that the Purchaser may assign this Agreement and its rights hereunder to a wholly-owned subsidiary, and Seller agrees to execute whatever documents and materials as the Purchaser may reasonably request, to effect such transfer and assignment. Such subsidiary shall be bound by the terms of this Agreement relating to the Assigned IP as if a party hereto upon such assignment, and Purchaser shall take whatever action as may be necessary for such subsidiary to be bound thereby, and comply with such applicable terms.

[Remainder of page left intentionally blank. Signature page follows.]

IN WITNESS WHEREOF, the Parties have executed this Agreement by their duly authorized representatives as of the dates below to be effective as of the Effective Date.

---

| |
|:---|
| PURCHASER: |
| VISIONWAVE HOLDINGS, INC. |
| By: |
| Name: Douglas Davis |
| Title: Executive Chairman |
| SELLER: |
| ADRIAN HOLDINGS S.R.L. |
| By: |
| Name: Mauricio Ernesto Lara Ramos |
| Title: Manager & Legal Representative |

---

**EXHIBIT A** 

All intellectual property rights owned by Seller relating to the QuantumSpeed technology, including but not limited to:

- All patents and patent applications related to QuantumSpeed;

- All trademarks, service marks, and trade names related to QuantumSpeed;

- All copyrights in software, documentation, and other materials related to QuantumSpeed;

- All trade secrets, discoveries, know-how, inventions, processes, improvements, enhancements, derivative works and proprietary information related to QuantumSpeed;

- all software, source code, object code, algorithms, heuristics, and mathematical methodologies;

- all SDKs, APIs, documentation, benchmarks, test results, and development roadmaps;

- all worldwide rights to use, modify, commercialize, sublicense, distribute, and exploit the foregoing in any field of use;

- Any other intellectual property rights, whether registered or unregistered, pertaining to the QuantumSpeed technology.

**EXHIBIT B**

**IP ASSIGNMENT**

FOR VALUE RECEIVED, Adrian Holdings S.R.L. (the "Assignor"), hereby sells, assigns, transfers, and sets over unto VisionWave Holdings, Inc. (the "Assignee"), its successors and assigns, the entire right, title, and interest in and to the Assigned IP as defined in the Asset Purchase Agreement dated January 5, 2026, between Assignor and Assignee, including the right to sue for past infringement and to collect damages therefor.

IN WITNESS WHEREOF, the Assignor has executed this Assignment as of the 5 day of January, 2026.

---

| |
|:---|
| ADRIAN HOLDINGS S.R.L. |
| By: |
| Name: Mauricio Ernesto Lara Ramos |
| Title: Gerente & Legal Representative |

---

State of ___________)

County of _________) ss.

On this ____ day of ___________, 2026, before me personally appeared Mauricio Ernesto Lara Ramos, to me known to be the person described in and who executed the foregoing instrument, and acknowledged that he executed the same as his free act and deed.

________________________________

Notary Public

My Commission Expires: __________

**Exhibit C**

**PROMISSORY NOTE**

**Principal Amount:** US$10,000,000.00

**Date:** January 5, 2026

FOR VALUE RECEIVED, including as partial consideration for the purchase of certain assets pursuant to that certain Asset Purchase Agreement dated as of even date herewith (the "Asset Purchase Agreement"), the undersigned, **VisionWave Holdings, Inc.** (the "**Maker**" or "**Payor**"), hereby unconditionally promises to pay to the order of **Adrian Holdings S.R.L.** (the "**Holder**" or "**Payee**"), or its assigns, the principal sum of **Ten Million United States Dollars (US$10,000,000)**, together with interest thereon as provided herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. **Interest.** Interest shall accrue on the outstanding principal balance from the date hereof at the
rate of **twelve percent (12%) per annum**, calculated on the basis of a 365-day year and the actual number of days elapsed (simple
interest); provided, however, upon the payment of every $1,000,000 in principal the interest rate shall be decreased by 1%.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. **Payment.** The entire outstanding principal amount, together with all accrued and unpaid interest
thereon, shall be due and payable in full on January 5, 2027 (the "**Maturity Date** "). Payment shall be made in lawful
money of the United States of America by wire transfer of immediately available funds to an account designated in writing by the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. **Prepayment.** The Maker may prepay this Note in whole or in part at any time without premium or penalty.
Any partial prepayment shall be applied first to accrued and unpaid interest and then to principal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. **Place of Payment.** All payments hereunder shall be made to the Holder at such address as the Holder
may designate in writing from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. **Default.** If the Maker fails to pay any amount due hereunder when due, or if any other event of
default occurs under this Note or the Asset Purchase Agreement, the entire unpaid principal balance and all accrued interest shall, at
the option of the Holder, become immediately due and payable without further notice or demand.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. **Costs of Collection.** The Maker agrees to pay all costs and expenses of collection, including reasonable
attorneys' fees, incurred by the Holder in enforcing this Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. **Waivers.** The Maker waives presentment, demand, protest, notice of dishonor, and all other notices
or demands in connection with this Note.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. **Governing Law.** This Note shall be governed by and construed in accordance with the laws of the
California, United States of America, without regard to conflict of laws principles.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. **Severability.** If any provision of this Note is held invalid or unenforceable, the remaining provisions
shall continue in full force and effect.

IN WITNESS WHEREOF, the Maker has caused this Promissory Note to be executed by its duly authorized representative as of the date first above written.

---

| |
|:---|
| **VISIONWAVE HOLDINGS, INC.** |
| By: |
| Name: Douglas Davis |
| Title: Executive Chairman |

---

## Exhibit 10.1

**EXHIBIT 10.1**

**PROMISSORY NOTE**

**Principal Amount:** US$10,000,000.00

**Date:** January 5, 2026

FOR VALUE RECEIVED, including as partial consideration for the purchase of certain assets pursuant to that certain Asset Purchase Agreement dated as of even date herewith (the "Asset Purchase Agreement"), the undersigned, **VisionWave Holdings, Inc.** (the "**Maker**" or "**Payor**"), hereby unconditionally promises to pay to the order of **Adrian Holdings S.R.L.** (the "**Holder**" or "**Payee**"), or its assigns, the principal sum of **Ten Million United States Dollars (US$10,000,000)**, together with interest thereon as provided herein.

&nbsp;&nbsp;&nbsp;&nbsp;1. **Interest.** Interest shall accrue on the outstanding principal balance from the date hereof at the rate
 of **twelve percent (12%) per annum**, calculated on the basis of a 365-day year and the
 actual number of days elapsed (simple interest); provided, however, upon the payment of every
 $1,000,000 in principal the interest rate shall be decreased by 1%.

&nbsp;&nbsp;&nbsp;&nbsp;2. **Payment.** The entire outstanding principal amount, together with all accrued and unpaid interest thereon,
 shall be due and payable in full on January 5, 2027 (the "**Maturity Date** ").
 Payment shall be made in lawful money of the United States of America by wire transfer of
 immediately available funds to an account designated in writing by the Holder.

&nbsp;&nbsp;&nbsp;&nbsp;3. **Prepayment.** The Maker may prepay this Note in whole or in part at any time without premium or penalty.
 Any partial prepayment shall be applied first to accrued and unpaid interest and then to
 principal.

&nbsp;&nbsp;&nbsp;&nbsp;4. **Place of Payment.** All payments hereunder shall be made to the Holder at such address as the
 Holder may designate in writing from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;5. **Default.** If the Maker fails to pay any amount due hereunder when due, or if any other event of default
 occurs under this Note or the Asset Purchase Agreement, the entire unpaid principal balance
 and all accrued interest shall, at the option of the Holder, become immediately due and payable
 without further notice or demand.

&nbsp;&nbsp;&nbsp;&nbsp;6. **Costs of Collection.** The Maker agrees to pay all costs and expenses of collection, including
 reasonable attorneys' fees, incurred by the Holder in enforcing this Note.

&nbsp;&nbsp;&nbsp;&nbsp;7. **Waivers.** The Maker waives presentment, demand, protest, notice of dishonor, and all other notices
 or demands in connection with this Note.

&nbsp;&nbsp;&nbsp;&nbsp;8. **Governing Law.** This Note shall be governed by and construed in accordance with the laws of the
 California, United States of America, without regard to conflict of laws principles.

&nbsp;&nbsp;&nbsp;&nbsp;9. **Severability.** If any provision of this Note is held invalid or unenforceable, the remaining provisions
 shall continue in full force and effect.

IN WITNESS WHEREOF, the Maker has caused this Promissory Note to be executed by its duly authorized representative as of the date first above written.

---

| | |
|:---|:---|
| **VISIONWAVE HOLDINGS, INC.** | **VISIONWAVE HOLDINGS, INC.** |
| By: |  |
| Name: | Douglas Davis |
| Title: | Executive Chairman |

---

## Exhibit 99.1

**EXHIBIT 99.1**

**VisionWave Acquires QuantumSpeed™: A**

**Pre-Commercial Computational Acceleration Engine Currently in Proof-of-Concept Phase Designed to Collapse Decision Latency**

**$99.6 Million Independent IP Valuation by BDO Consulting Group\| Development Program Enters Proof-of-Concept and Architecture Phase, including a fairness opinion by BDO Consulting Group to the Company Board which approved the deal unanimously.** 

**WEST HOLLYWOOD, CA — January 7, 2026** — **VisionWave Holdings, Inc.** (Nasdaq: VWAV) today announced the acquisition of **QuantumSpeed™**, an early-stage, pre-commercial computational acceleration engine that is intended to explore new approaches to execute complex computations under extreme time constraints.

QuantumSpeed is **not yet a commercial product**. The technology is currently in a **proof-of-concept and system architecture phase**, where core mathematical, algorithmic, and architectural principles have been defined and validated at a prototype level. VisionWave is initiating a focused development program to advance the engine toward production-grade deployment. There can be no assurance that the technology will advance beyond the current proof-of-concept phase, achieve targeted performance metrics, or ever result in a commercial product. Development involves substantial technical, financial, and regulatory risks.

An independent third-party valuation by **BDO Consulting Group** assessed the QuantumSpeed intellectual property at approximately **$99.6 million** as of December 31, 2025, based on certain assumptions regarding future development success, market adoption, and discount rates. This valuation is not a guarantee of realizable value and is subject to significant risks, including potential impairment if development milestones are not met. The Company's Board was provided also with a fairness opinion by **BDO Consulting Group** for the structure and the value of the transaction.

**Why QuantumSpeed Matters**

Across defense, autonomous systems, AI infrastructure, and critical analytics, the limiting factor is no longer data collection — it is **decision latency**.

Modern systems often possess the data needed to act, yet remain constrained by the time required to compute meaning, relevance, and confidence. In contested or time-critical environments, **minutes of computation can render perfect information operationally useless**.

QuantumSpeed seeks to attack this problem at its root.

Rather than accelerating hardware or brute-forcing larger compute loads, QuantumSpeed restructures computation itself — using a **Hybrid Successive Approximation (H-SA)** framework that focuses processing power on the most decision-critical portions of a problem, while suppressing computational paths that contribute little to final outcomes.

The objective is potential incremental optimization — and, if successful, could represent a **step-change in decision velocity**. No assurances can be given that these objectives will be achieved.

**Illustrative Defense and Sensing Scenarios (For Demonstration Purposes Only)**

While the technology remains under development and subject to further validation, **illustrative scenarios under evaluation include**:

● Radar or RF systems that could assess complex signal environments **in seconds rather than minutes** 

● Early-warning or situational-awareness systems that may compress threat-evaluation timelines from retrospective analysis into **live operational relevance** 

● Autonomous platforms that could dynamically re-plan missions under degraded or contested conditions

● AI systems that may execute computationally heavy inference or optimization tasks with substantially reduced latency

These examples are **for demonstration and conceptual purposes only** and do not represent guarantees, finalized performance metrics, or commercial claims. These scenarios are hypothetical and illustrative only; no prototypes have demonstrated these performance levels, and actual results, if any, may vary materially or not materialize at all.

**Demonstration Preview**

To illustrate the architectural concept behind QuantumSpeed, the Company has prepared a **conceptual demonstration video** showcasing how the engine prioritizes computation in latency-sensitive scenarios. This demonstration is simulated/conceptual only and does not reflect operational performance or tested results.

**Demonstration video (for illustration only):**

**https://vimeo.com/1149815873?share=copy&fl=sv&fe=ci**

This demonstration is **non-operational**, non-productized, and intended solely to convey architectural principles.

**Commercial and Dual-Use Applications**

While QuantumSpeed's initial focus is on **defense, sensing, and autonomous systems**, VisionWave believes the underlying architecture has **broad, cross-industry applicability**, including but not limited to:

● Defense and national security systems

● Autonomous vehicles and robotics

● Edge AI and embedded intelligence

● Cybersecurity and cryptographic acceleration

● Financial analytics and high-frequency decision systems

● Industrial automation and real-time control

● Large-scale AI inference and optimization pipelines

Because QuantumSpeed is designed as a **software** **-only computational layer**, it is intended to operate across existing hardware environments, which the Company believes would enable adoption without wholesale infrastructure replacement.

**Transaction Structure and Execution Discipline**

At closing, VisionWave acquired **100% of the QuantumSpeed intellectual property assets**, which will be transferred into a newly formed, wholly owned subsidiary.

As previously disclosed, transaction consideration includes:

● **3,000,000 shares of VisionWave common stock issued at closing** 

● A **$10 million promissory note** 

● **7,000,000 additional shares subject to shareholder approval** under applicable Nasdaq rules

A structured equity pledge mechanism has been implemented to align incentives and protect execution, with defined remedies if shareholder approval is not obtained within the prescribed timeframe. Full details are provided in VisionWave's Current Report on Form 8-K filed with the SEC.

**Focused U.S.-Based Development Program**

Subject to raising the required capital, of which there is no guarantee, VisionWave plans to fund up to **$10 million in U.S.-based development** over the next 6–12 months. This investment is intended to support:

● Architectural hardening

● Algorithmic refinement

● Systems integration

● Independent benchmarking and validation

This phase is explicitly designed to **advance the technology fro** **m proof-of-concept to production-ready architecture**, not to commercial deployment.

**Leadership Commentary**

*"We believe this acquisition has the potential to contribute to redefining the time dimension of intelligence,"* said **Douglas Davis**, Executive Chairman of VisionWave. *"QuantumSpeed is intended to explore ways to break that wall between sensing and action — the space where outcomes are decided."*

*"Every advanced system today eventually runs into the same wall: computation takes too long,"* said **Dr. Danny Rittman** VisionWave's CTO. *"QuantumSpeed is designed to break that wall — not by adding more hardware, but by changing how computation itself is approached."*

**About VisionWave Holdings, Inc.**

VisionWave Holdings, Inc. (NASDAQ: VWAV) is focused on advanced sensing, autonomy, and AI-driven systems for defense and security applications. VisionWave Technologies, Inc. develops proprietary radio-frequency sensing and imaging technologies designed to enable real-time detection, decision support, and situational awareness across complex operational environments.

**Forward-Looking Statements**

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements regarding technological feasibility of QuantumSpeed, development delays or failures, inability to achieve performance goals, IP valuation impairment, shareholder approval risks, potential inability to integrate or commercialize the technology, development timelines, integration plans, potential applications, and future commercial prospects of the QuantumSpeed technology. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties that could cause actual results to differ materially, including development challenges, validation outcomes, integration risks, regulatory and shareholder approval requirements, market acceptance, and competitive factors. VisionWave undertakes no obligation to update any forward-looking statements, except as required by law.

**Investor Contact: investors@vwav.inc**

**Website: https://www.vwav.inc**