Tessera Defense issues 3,473,039 restricted shares in unregistered sale
HLSQ•Tessera Defense issued 3,473,039 restricted common shares in unregistered transactions from Oct. 6 to Oct. 12, 2026. Shares outstanding totaled 13,983,094 on Oct. 12, while net proceeds from its at-the-market program exceeded $6 million at an average net price of about $1.11 per share.
1. Share issuances
Tessera Defense issued 195,000 shares to Mayers Ventures for an equity stake in Israel-based M.E.A. Testing Systems, including an option on the remaining ownership. It issued 3,278,039 shares to Mandragola through cashless exercises of a five-year warrant tied to its 60% acquisition of Dr. Frucht Systems.
2. Shares outstanding
Common shares outstanding totaled 13,983,094 as of Oct. 12, including shares sold through the at-the-market program. Net proceeds from that program exceeded $6 million through Oct. 12 at an average net price of about $1.11 per share.
