The filing is a routine beneficial ownership update with no stated activist intent. Monitor for any future 13D amendments that may signal demands or a change in strategy, particularly given the 5.3% threshold crossed.
Price Chart
Executive Summary
Mayers Ventures LLC and its manager Ram Naim filed Amendment No. 1 to their Schedule 13D on Tessera Defense & Homeland Security Inc., disclosing a new 5.3% aggregate beneficial ownership stake. The stake was built through a share-for-asset swap (195,000 shares received for selling a 15% interest in M.E.A. Testing Systems Ltd.) and a private purchase of 282,600 shares at $0.50/share on September 30, 2026. No activist demands or changes in purpose were stated; the filing appears to be a passive investment disclosure.
Key Financial Metrics
Key Facts
- Mayers Ventures LLC holds 195,000 shares (2.2%) received as consideration for selling a 15% stake in M.E.A. Testing Systems Ltd. to the issuer.
- Ram Naim directly purchased 282,600 shares at $0.50/share on September 30, 2026, for $141,300 in a private transaction.
- Aggregate beneficial ownership of Ram Naim (including LLC shares) is 477,600 shares, or approximately 5.3% of 9,026,478 shares outstanding.
- The issuer also made available a $475,000 loan facility to the LLC, bearing 12% interest, convertible into MEA shares at the issuer's election.
- No activist demands, board representation requests, or strategic alternatives were disclosed in this amendment.
Financial Impact
Ram Naim invested $141,300 in a private share purchase at $0.50/share. The LLC received 195,000 shares valued at approximately $97,500 at the same price, as non-cash consideration for the MEA asset sale.
Risk Factors
- No stated activist agenda — the filing may simply reflect a passive investment, limiting near-term catalyst potential.
- The 195,000 shares received by the LLC were non-cash consideration for an asset sale, not an open-market purchase, reducing the signaling value of the stake buildup.
- The $475,000 loan facility to the LLC, convertible into MEA shares, introduces a potential conflict of interest or complexity in the issuer's relationship with the reporting persons.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0001213900-26-106995 |
| Document: 0001213900-26-106995-index.html | 0001213900-26-106995 |
| Document: 0001213900-26-106995.txt | 0001213900-26-106995 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | 8-K | $0.2131 | awaiting T+5 | — | $0.2070 (+2.86%) |
Oct 19, 2026 8d ago | 8-K | $0.2335 $0.2073 | ▲ +11.22% | ▲ +11.30% | $0.2070 (+11.35%) |
Oct 13, 2026 14d ago | 8-K | $0.2382 $0.2390 | ▼ −0.34% | ▲ +0.12% | $0.2070 (+13.10%) |
Oct 8, 2026 19d ago | DEFA14A | $0.2850 $0.2230 | ▼ −21.75% | ▼ −19.79% | $0.2070 (−27.37%) |
Oct 8, 2026 19d ago | DEFA14A | $0.2850 $0.2230 | ▼ −21.75% | ▼ −19.79% | $0.2070 (−27.37%) |
Oct 6, 2026 21d ago | SC 13D/A | $0.3110 $0.2600 | ▼ −16.40% | ▼ −16.26% | $0.2070 (−33.44%) |
Oct 5, 2026 22d ago | SC 13G | $0.3110 $0.2600 | ▼ −16.40% | ▼ −16.26% | $0.2070 (−33.44%) |
Oct 5, 2026 22d ago | 8-K | $0.3110 $0.2600 | ▲ +16.40% | ▲ +16.26% | $0.2070 (+33.44%) |
Sep 25, 2026 4w ago | 8-K | $0.5280 $0.3600 | ▼ −31.82% | ▼ −31.60% | $0.2070 (−60.80%) |
Sep 22, 2026 5w ago | 8-K | $0.5500 $0.4008 | ▼ −27.13% | ▼ −26.45% | $0.2070 (−62.36%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers