VisionWave forms 50/50 joint venture with Sadot to hold its CM Israel deal rights
VisionWave and Sadot Group closed a Joint Venture and Operating Agreement on September 30, 2026, creating CMJV, a 50/50 vehicle that holds VisionWave's rights in C.M. Composite Materials, including about $7.81 million of advances to CM. Sadot committed to fund an equal $7,814,323 in cash over time, but the planned 51% CM acquisition remains conditional on a Belrise joint venture that has not been satisfied or waived, and VisionWave does not currently own any CM equity.
Key points
- On September 30, 2026, VisionWave, Sadot Group and CMJV LLC signed the JV Agreement; the joint venture closed the same day.
- VisionWave contributed its CM rights and about $7.81 million of advances to CMJV for 7,814,323 membership units; Sadot committed $7,814,323 in cash.
- Sadot must fund its commitment in tranches, with $3.0 million due by December 30, 2026, and the full amount by September 30, 2027.
- The Belrise Condition is unsatisfied; the outside closing date was extended to December 31, 2026, and VisionWave received 250,000 Sadot common shares.
The filing
Written by AI on Nov 9, 2026, 11:46 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.