US stock market anomaly | VisionWave(VWAV.US) skyrocketed over 180% with $50 million in equity financing.

According to the Zhitong Finance APP, on Monday, VisionWave (VWAV.US) soared more than 180%, hitting a new high since its listing at $6.60 per share. On the news front, the company announced that it has reached a transformation financing agreement with an unnamed institutional investor, securing a whopping $50 million in equity financing. The agreement allows the company to decide to sell up to $50 million in common stock within 24 months. The agreement also includes an additional $5 million convertible bond financing, with $3 million already in place at the signing of the financing agreement. This funding will help expand its deployment of AI-driven defense solutions.