Mergers & Acquisitions ·
Byrna Technologies Inc. completed the acquisition of substantially all assets of Hero Defense Systems, LLC on August…
BYRNByrna Technologies Inc.
Byrna Technologies Inc. completed the acquisition of substantially all assets of Hero Defense Systems, LLC on August 6, 2026. The aggregate consideration included $625,000 in cash (with $125,000 held in escrow), 104,000 shares of common stock issued to Hero's two members, assumption of certain liabilities, and a royalty obligation equal to 3.5% of net sales with a guaranteed minimum of $250,000 payable over five years. The company operates in the defense technology industry, specializing in less-lethal self-defense products.