Tessera Defense & Homeland Security Increases Equity Stake In M.E.A. Testing Systems From 10% To 15% And Secures Exclusive Global License For Drone-Testing Technology; Terms Include $50,000 Cash, 195,000 Shares, A $475,000 Convertible Loan Facility, And An Exclusive Option To Acquire Remaining Equity
Tessera Defense and Homeland Security Inc. (NYSE:HLSQ) ("Tessera" or the "Company") today announced that it has amended its existing investment agreement for the purchase of an equity stake in M.E.A.
Tessera bought more ownership in a testing company and got rights to drone technology. Watch how well they use this investment to grow their defense business going forward.
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