VisionWave ends Sadot joint venture and will issue 500,000 shares to Sadot
On October 12, 2026, VisionWave agreed with Sadot Group and others to terminate the September 30 joint venture, after CM said it could not produce the financial statements the agreement required. Sadot's funding commitment of up to $7,814,323 was extinguished without any amount being funded, and no termination penalty is payable. VisionWave keeps 250,000 Sadot shares and will issue 500,000 of its own common shares to Sadot, while it also takes on indemnification obligations to Sadot.
Key points
- Letter Agreement dated October 12, 2026 terminated the JV Agreement signed September 30, 2026 with Sadot Group Inc. and CMJV LLC
- Sadot's Capital Commitment of up to $7,814,323 was terminated and none of it was funded; no early termination penalty or break fee is payable
- VisionWave will issue 500,000 shares of common stock to Sadot within three business days and retains 250,000 Sadot Entry Premium Shares
- VisionWave, VisionWave Israel and CMJV jointly and severally agreed to indemnify Sadot against losses tied to the CM Rights and related matters
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 13, 2026.
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