Tessera Defense buys 15% stake in Israel’s MEA Testing Systems in share deal

PUBT · 21h ago
Tessera Defense buys 15% stake in Israel’s MEA Testing Systems in share deal
  • Tessera Defense and Homeland Security amended its MEA Testing Systems deal, raising the initial stake to 15% from 10%.
  • Closing completed for 486,860 MEA shares, paid with 195,000 Tessera common shares; 65,000 shares need NYSE American listing clearance.
  • Deal terms add an unsecured loan facility of up to USD 475,000 at 12% interest, maturing two years from closing.
  • Tessera can convert principal and interest into MEA ordinary shares, capped below 19.999% ownership on a fully diluted basis.
  • Option to buy Motomova’s remaining MEA stake remains exercisable through June 30, 2028, priced off 2027 audited results.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tessera Defense and Homeland Security Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-102245), on September 22, 2026, and is solely responsible for the information contained therein.