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VisionWave Holdings, Inc. has reached an agreement with the largest creditor of C.M. Composite Materials Ltd. to pursue a 51% acquisition of the Israeli aerospace and defense company. This agreement addresses C.M.'s existing settlement obligations and outlines a framework for compliance, which VisionWave believes eliminates a major obstacle to the acquisition.

VisionWave will provide at least $5 million in funding for C.M.'s working capital. The company has also secured a $20 million senior loan financing with specific terms and entered a side letter agreement to ensure compliance with prior agreements. VisionWave is exploring international expansion initiatives, particularly in India, to enhance defense manufacturing capacity.