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Tessera Defense secures USD 5 million revolving credit line from Mandragola Ltd
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Tessera Defense secures USD 5 million revolving credit line from Mandragola Ltd
  • Tessera Defense and Homeland Security entered a new revolving line of credit with Mandragola Ltd. for up to USD 5 million.
  • Facility adds to a separate USD 2 million Mandragola revolver signed May 13, 2026; no borrowings outstanding on that line.
  • Borrowings carry 12% simple annual interest; maturity set for Oct. 5, 2029; prepayment allowed without penalty.
  • Each advance issued as a convertible promissory note; conversion price set at the lower of $1.00 or the 5-day low close.
  • Conversions capped at 19.99% of outstanding shares without shareholder approval; issuance also requires NYSE American listing authorization.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Tessera Defense and Homeland Security Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-106872), on October 05, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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