Mergers & Acquisitions ·
Tessera Defense increases equity stake in M.E.A. Testing Systems from 10% to 15%
HLSQTessera Defense & Homeland Security Inc.
Tessera Defense and Homeland Security Inc. amended its agreement to acquire an equity interest in M.E.A. Testing Systems Ltd., increasing the stake from 10% to 15%. The company completed the initial closing by issuing 130,000 shares of common stock as consideration for the original 10% interest. An additional 65,000 shares are issuable upon NYSE American listing authorization. The filing also references a one-for-ten reverse stock split effective September 9, 2026. Tessera Defense and Homeland Security Inc. operates in the defense technology sector, focusing on unmanned systems and homeland security solutions.