{"id":972519,"date":"2026-06-16T08:06:22","date_gmt":"2026-06-16T12:06:22","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/visionwave-holdings-signs-term-sheet-for-a-proposed-tier-iv-data-center-joint-venture-with-lucky-whale-production-limited\/"},"modified":"2026-06-16T08:06:22","modified_gmt":"2026-06-16T12:06:22","slug":"visionwave-holdings-signs-term-sheet-for-a-proposed-tier-iv-data-center-joint-venture-with-lucky-whale-production-limited","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/visionwave-holdings-signs-term-sheet-for-a-proposed-tier-iv-data-center-joint-venture-with-lucky-whale-production-limited\/","title":{"rendered":"VisionWave Holdings Signs Term Sheet for a Proposed Tier IV Data Center Joint Venture with Lucky Whale Production Limited"},"content":{"rendered":"

\nNASDAQ-listed VWAV would hold an approximately 51% effective look-through interest in a proposed Tier IV data center project; consideration to be satisfied in shares valued at approximately US$40 million
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WEST HOLLYWOOD, Calif., June 16, 2026 (GLOBE NEWSWIRE) — VisionWave Holdings, Inc. (NASDAQ: VWAV) today announced that it has entered into a term sheet (the \u201cTerm Sheet\u201d) with Lucky Whale Production Limited (\u201cLucky Whale\u201d), a Hong Kong-incorporated project sponsor active in real estate project management, to establish a jointly-held company (the \u201cJoint Company\u201d) for the proposed development, ownership and operation of a Tier IV data center campus in Beth Shemesh (Jerusalem district), Israel. The Term Sheet sets out proposed principal terms only. The proposed transaction has not been consummated and remains subject to the completion of due diligence, the negotiation and execution of definitive agreements, and the satisfaction of numerous conditions, including required corporate, stockholder, SEC and Nasdaq approvals. There can be no assurance that the proposed transaction will be completed on the terms described, or at all.<\/p>\n

The transaction would give VisionWave Holdings a 68% stake in the Joint Company, which in turn would hold 75% of the project-level special purpose vehicle. This chain structure would give VisionWave an effective look-through interest of 51% in the land, the building permit and the data center project. As consideration for the acquired rights, the Company would allot to the Land Owner shares of VisionWave common stock valued at approximately US$40,000,000, priced by volume-weighted average price (VWAP) near closing, on an all-share basis with no cash component. The number of consideration shares would be fixed near closing, and the issuance, together with the Company\u2019s other recent and pending equity issuances, would be dilutive to existing stockholders. Any issuance would be subject to required approvals, including, to the extent required under Nasdaq rules, approval by the Company\u2019s stockholders.<\/p>\n

VisionWave further would commit, in the definitive agreements, to arrange the full capital required to construct and commission the data center, through capital-markets activity and\/or institutional project financing, consistent with the original development plan. The Project would require substantial additional capital, and there can be no assurance that such financing would be available on acceptable terms, or at all.<\/p>\n

\n \u201cWe are pleased to have signed a term sheet for a proposed joint venture to develop a Tier IV data center in Israel. The proposed all-share structure would allow us to pursue a 51% effective interest in the project without an upfront cash outlay, while we conduct due diligence and work toward definitive agreements. Completion of the transaction remains subject to a number of conditions, and we will provide further updates as appropriate,\u201d said Doug Davis, Chief Executive Officer, VisionWave Holdings, Inc.<\/em>\n <\/p>\n

\n The Proposed Project<\/strong>\n <\/p>\n

The Project is contemplated to be an underground data center campus, the subject of an Israeli statutory planning framework. The Phase-1 build is currently contemplated to comprise approximately 15,000 square meters across 10 data halls and to target 10.5 MW of IT load, with a 2N redundant topology targeting Tier IV certification by the Uptime Institute. These specifications are preliminary design parameters, have not been independently verified by the Company, and are subject to change. Key contemplated attributes include:<\/p>\n