Tessera Defense & Homeland Security Inc. — Form SCHEDULE 13D/A
Filed September 15, 2026 · analyzed by the Ownership Agent
SCHEDULE 13D/A
▼ Likely negative
significance 72/100
What the filing says
Tessera issued 26,796 shares to Water IO Ltd. (CEO Menachem Shalom) on September 15, 2026, representing the maximum allowable issuance under NYSE American rules without stockholder approval from an original 800,000 share obligation. The remaining 53,205 shares (post-reverse split) require stockholder approval by June 30, 2027, or conversion to cash. Water IO has paid $500k of a $1M promissory note (original date April 10, 2026); $500k principal remains due under the amended note dated July 24, 2026.
Why this rating
Dilutive equity issuance and substantial debt obligation ($1M total) represent ~8.4% of $11.9M market cap; forced reverse split and regulatory constraints signal distress.
Price action (we called it negative)
at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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