Tessera Defense buys 15% stake in Israel’s MEA Testing Systems in share deal
HLSQ•Option to buy remaining MEA stake
Option to buy Motomova’s remaining MEA stake remains exercisable through June 30, 2028, priced off 2027 audited results.
Loan facility and conversion terms
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.
Tessera Defense raises MEA stake to 15%
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.
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