Tessera Defense closes 10% MEA purchase, lifts stake to 15%, adds $475K convertible loan

BiomX Inc.

Closed Sept 16, 2026 purchase of 324,573 MEA shares (10% fully diluted) for 130,000 HLSQ shares; reverse-split adjusted.
Amendment raises purchased interest to 486,860 shares (15%), with 65,000 additional shares pending NYSE American listing approval.
New unsecured convertible loan facility up to $475,000 at 12% interest, maturing 2nd anniversary of closing, convertible at lower of 4x FY2027 EBITDA or $10M valuation.
Technology License Agreement grants Tessera perpetual, royalty-free, exclusive UAV testing license to MEA patents and dynamometer tech.
Option to buy Motomova's remaining MEA interest unchanged, exercisable through June 30, 2028, based on FY2027 audited results.

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