Byrna completes Hero Defense Systems asset acquisition; $625K cash, 104K shares, 3.5% royalty

Byrna Technologies Inc.

Closed Aug 6, 2026; total cash $625K with $125K escrowed up to 18 months for indemnification.
Issued 104,000 restricted BYRN shares to Hero's two members; 6-month lock-up, Section 4(a)(2) exemption.
Assumed specified liabilities; royalty 3.5% of net sales, $250K minimum over 5 years, cap $5M.
Hero's two principals entered consulting arrangements and restrictive covenants at closing.
No material relationship between Byrna and Hero beyond the purchase agreement and related deals.

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