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Tessera Defense & Homeland Security Inc.Bullish
Tessera Defense and Homeland Security Inc. issued 6,529,494 shares of common stock between October 13 and October 19, 2026, following the cashless exercise of warrants by Mandragola Ltd. As a result of these issuances, the company's total outstanding common stock reached 20,663,177 shares as of October 19, 2026.…more
Tessera Defense & Homeland Security Inc.
Tessera Defense issued 195,000 restricted shares for the acquisition of M.E.A. Testing Systems and 3,278,039 restricted shares upon the cashless exercise of warrants by Mandragola Ltd. The company also raised over $6 million in net proceeds through its at-the-market offering program, with 13,983,094 shares of common stock outstanding as of October 12, 2026.…more
Tessera Defense & Homeland Security Inc.
Tessera Defense and Homeland Security entered into employment agreements with CEO Michael Oster and CFO David Rokach on October 7, 2026. Subject to shareholder approval at the October 20, 2026, special meeting, the CEO will receive 400,000 fully vested shares, 1,000,000 RSUs, and options for 1,000,000 shares, while the CFO will receive 180,000 fully vested shares. Both executives will receive monthly salaries of 55,000 NIS and 35,000 NIS, respectively.…more
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Tessera Defense Subsidiary Secures Initial Defense AI Order
Tessera Defense's subsidiary, Zorronet, has received an initial order for two units of its new Edge AI system from a global defense firm. The contract includes potential for a follow-on order of up to 1,000 units pending successful field testing.…more
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Tessera has entered into an employment agreement with CEO Michael Oster, featuring equity compensation tied to EBITDA performance targets. The plan remains subject to shareholder approval and is intended to align executive incentives with long-term profitability.…more
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Tessera's subsidiary, Zorronet, announced increased operational deployments of its natural-language AI platform across critical infrastructure and defense sectors. However, the announcement lacks specific financial figures or contract values, warranting a cautious outlook on its immediate fiscal impact.…more
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