Tessera pays $1 million to secure option to acquire 51% of RT LTA Systems

Tessera paid $1 million on October 15, 2026, to secure a 90-day option to acquire 51% of tethered aerostat developer RT. Under the September 24, 2026, agreement, the deposit offsets the purchase price if exercised; otherwise, it is refundable. Pricing uses the lower of a $13 million equity valuation or an earnout formula tied to average revenue and EBITDA over 2026—2028. Exercise remains subject to due diligence and approvals, including validation of RT’s reported approximately $15 million backlog. RT must provide a nonexclusive, perpetual technology license within 60 days of the agreement, regardless of whether the acquisition proceeds. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tessera Defense and Homeland Security Inc. published the original content used to generate this news brief via (Ref. ID: 202610150925PR_NEWS_USPR_____LN73372) on October 15, 2026, and is solely responsible for the information contained therein.