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 formu