Monitor the NYSE American listing authorization for the additional 65,000 shares, as this is a condition for completing the increased stake. Also watch for any conversion of the $475,000 loan into MEA equity, which could increase Tessera's ownership up to 19.999%.
Price Chart
Executive Summary
Tessera Defense & Homeland Security Inc. amended its Share Purchase and Option Agreement with Mayers Ventures LLC to increase its equity stake in M.E.A. Testing Systems Ltd. from 10% to 15% and provided an unsecured convertible loan facility of up to $475,000. The company also entered into a Technology License Agreement with MEA, securing an exclusive, perpetual, worldwide license to MEA's drone testing technology. The initial closing for the 10% stake was completed on September 16, 2026, with 130,000 restricted shares issued; the additional 65,000 shares for the increased stake remain subject to NYSE American listing authorization.
Key Financial Metrics
Key Facts
- Tessera increased its purchased interest in M.E.A. Testing Systems Ltd. from 10% to 15% of share capital on a fully diluted basis.
- Consideration for the 15% stake consists of 195,000 restricted shares of Tessera common stock (approximately 4.5% of outstanding common stock), replacing a $50,000 cash payment with a $50,000 advance under a new loan facility.
- Tessera made available an unsecured convertible loan facility of up to $475,000 to the Seller, bearing 12% interest, maturing on the second anniversary of closing.
- Tessera entered into a Technology License Agreement with MEA, granting an exclusive, perpetual, worldwide, royalty-free license to MEA's drone testing technology (including IDS and RDS technologies).
- The initial closing for the 10% interest was completed on September 16, 2026, with 130,000 shares issued; the additional 65,000 shares for the increased interest require NYSE American listing authorization.
- The option to acquire Motomova's remaining interest in MEA, exercisable through June 30, 2028, remains unchanged.
Financial Impact
195,000 shares issued (4.5% dilution); up to $475,000 convertible loan facility at 12% interest; no separate royalty or license fee payable for the technology license.
Risk Factors
- The additional 65,000 shares and the increase to a 15% stake are contingent on NYSE American listing authorization, which may not be obtained.
- The $475,000 loan is unsecured and bears 12% interest; default by the Seller could result in credit losses.
- MEA's assets, potentially including licensed technology, are subject to a first-priority lien in favor of a third-party lender, with a 30-day period to obtain a release or subordination.
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-102245 |
| Document: ea030571901ex10-2.htm | 0001213900-26-102245 |
| Document: ea0305719-8k_tessera.htm | 0001213900-26-102245 |
| Document: 0001213900-26-102245-index-headers.html | 0001213900-26-102245 |
| Document: 0001213900-26-102245-index.html | 0001213900-26-102245 |
| Document: 0001213900-26-102245.txt | 0001213900-26-102245 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 8-K | $0.2131 | awaiting T+5 | — | $0.2073 (+2.72%) |
Oct 19, 2026 8d ago | 8-K | $0.2335 $0.2073 | ▲ +11.22% | ▲ +11.30% | $0.2073 (+11.22%) |
Oct 13, 2026 14d ago | 8-K | $0.2382 $0.2390 | ▼ −0.34% | ▲ +0.12% | $0.2073 (+12.97%) |
Oct 8, 2026 19d ago | DEFA14A | $0.2850 $0.2230 | ▼ −21.75% | ▼ −19.79% | $0.2073 (−27.26%) |
Oct 8, 2026 19d ago | DEFA14A | $0.2850 $0.2230 | ▼ −21.75% | ▼ −19.79% | $0.2073 (−27.26%) |
Oct 6, 2026 21d ago | SC 13D/A | $0.3110 $0.2600 | ▼ −16.40% | ▼ −16.26% | $0.2073 (−33.34%) |
Oct 5, 2026 22d ago | SC 13G | $0.3110 $0.2600 | ▼ −16.40% | ▼ −16.26% | $0.2073 (−33.34%) |
Oct 5, 2026 22d ago | 8-K | $0.3110 $0.2600 | ▲ +16.40% | ▲ +16.26% | $0.2073 (+33.34%) |
Sep 25, 2026 4w ago | 8-K | $0.5280 $0.3600 | ▼ −31.82% | ▼ −31.60% | $0.2073 (−60.74%) |
Sep 22, 2026 5w ago | 8-K | $0.5500 $0.4008 | ▼ −27.13% | ▼ −26.45% | $0.2073 (−62.31%) |
US Market Status
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