Tessera Defense issues 6,529,494 restricted shares to Mandragola in cashless warrant exercises
HLSQ•Tessera Defense and Homeland Security issued 6,529,494 restricted shares to Mandragola through cashless warrant exercises between October 13 and October 19, 2026, bringing outstanding common shares to 20,663,177.
1. Share issuances
Tessera Defense and Homeland Security issued the shares in four tranches through cashless exercises of a five-year warrant granted on April 13, 2026, in connection with its acquisition of a 60% interest in Dr. Frucht Systems. The exercises cannot raise Mandragola’s beneficial ownership, including affiliates, above 9.99% of outstanding common stock.
