The company ThreeZero has revealed their next licensed Transformers action figure - Soundwave from the Bumblebee Movie, with a transformable Ravage.
Images can be seen here, and details of its release, including its release being in the third quarter of 2020, and its price being US$249 (or $210 if pre-ordered before February 11th).
Soundwave is almost 30cm tall, and doesn't transform, but there seems to be an emphasis on Ravage being "foldable" instead of "transforming" as if licensed Transformers aren't allowed to transform, but we've had fast food toys, showbag toys, Bearbricks and those Sentinel Pens.