Tessera Defense buys 15% stake in Israel’s MEA Testing Systems in share deal
Bitget2026/09/22 21:01- 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.
- 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.
- Option to buy Motomova’s remaining MEA stake remains exercisable through June 30, 2028, priced off 2027 audited results.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Honda Motor (HMC.US) Reports 65.7% Increase in Net Profit in the First Half, Plans to Expand Production Capacity in North America and Brazil
Honda Motor (HMC.US) released its financial results for the first half of fiscal year 2027 on November 10.
Crypto winter not over? Mining rig hosting provider Bitari cancels orders at the last minute, IPO plans put on hold
Bitcoin mining service provider Bitari has withdrawn its Nasdaq IPO plan. The company originally intended to issue 4.3 million shares at $7 per share to raise $30 million. Its annual revenue is approximately $11 million.
Pre-orders for GTA 6 are booming and may reverse the downward trend! Citigroup raises Take-Two Interactive Software (TTWO.US) target to $270
Citigroup maintains a "Buy" rating on Take-Two Interactive Software, with a target price of $270.
Crypto prices
More
