Financing ·
Raises over $6M via ATM program and issues shares for MEA acquisition
HLSQTessera Defense & Homeland Security Inc.
Tessera Defense and Homeland Security Inc. raised more than $6 million in net proceeds through its at-the-market offering program, with an average net price of approximately $1.11 per share after adjusting for a one-for-ten reverse stock split implemented on September 9, 2026. The company also issued 195,000 restricted shares to Mayers Ventures LLC as consideration for acquiring an equity interest in M.E.A. Testing Systems Ltd., an Israeli developer of testing systems for drones and unmanned systems, along with an option to acquire the remaining interest held by Motomova Inc. Additionally, 3,278,039 restricted shares were issued to Mandragola Ltd. upon cashless exercises of warrants related to a previous acquisition of Dr. Frucht Systems Ltd. Tessera Defense and Homeland Security Inc. operates in the defense technology sector, providing security solutions for drones and unmanned systems.