Tessera Defense amends deal to raise stake in Motomea testing systems
Tessera said it will invest for an additional 5% stake, bringing its Motomea stake to 15%, with an exclusive option to acquire the remainder, plus a license to Motomea’s drone testing technology.
Story updates
01:12:45 PM UTC
SquawkNews
The investment for an additional 5% gives Tessera a 15% stake in Motomea with exclusive option to acquire the remainder; secures license to MEA’s drone testing technologyNETANYA, Israel, Sept. 16, 2026 (GLOBE NEWSWIRE) -- Tessera Defense and Homeland Security Inc. (NYSE American: HLSQ) (“Tessera” o…
01:13:28 PM UTC
SquawkNews
Tessera increased its Motomea (MEA) stake to 15% for $50K and 130K shares, with 65K more shares subject to NYSE American approval, gained an exclusive worldwide license to MEA’s technology, and set up a convertible loan of up to $475K. It retains an option to acquire the remaining interest.Material…
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