Tessera Defense & Homeland Security Inc.
NESS ZIONA, Israel · Biotechnology, Healthcare, Health Care
BiomX is focused on acquiring and developing technologies that identify, analyze, protect against, and support faster responses to physical threats. The company operates as a subsidiary of BiomX Inc. and is involved in enhancing security systems. With a strategic focus on defense and security, BiomX aims to integrate advanced technologies into operational environments. It addresses critical infras
Key facts
- Headquarters
- NESS ZIONA, Israel
- Employees
- 20
- Industries
- Biotechnology, Healthcare, Health Care
- Status
- Public (HLSQ)
- Website
- www.biomx.com
- Company page
Recent activity at Tessera Defense & Homeland Security Inc.
- : SEC 8-K (5.02): On October 20, 2026, during a Special Meeting of Stockholders, the stockholders approved Amendment No. 2 to the Company's 2026 Equity Incentive Plan, which was first adopted by the Board of Directors on September 24, 2026. This amendment increases the number of shares of common stock reserved for issuance under the Plan by 5,315,000 shares, bringing the total from 685,000 to 6,000,000 shares, following a one-for-ten reverse stock split. This approval immediately granted equity awards to Michael Oster, the CEO, and David Rokach, the CFO, which were previously contingent upon this stockholder approval. The meeting included representatives of approximately 41.3% of the shares entitled to vote, achieving a quorum for decision-making.
- : SEC 8-K (8.01): The Company has raised over $6 million in net proceeds through its at-the-market offering program as of October 12, 2026, selling shares at an average net price of approximately $1.11 each. This offering comes in light of the recent one-for-ten reverse stock split effective September 9, 2026. Management is actively assessing capital needs and may temporarily halt sales under the program as market conditions evolve. This funding provides critical liquidity to support ongoing operations and strategic initiatives.
- : SEC 8-K (5.02): On October 7, 2026, Tessera Defense and Homeland Security Inc. announced the execution of an employment agreement for its Chief Executive Officer, Michael Oster. This agreement comes after Mr. Oster's appointment on March 4, 2026, and outlines his compensation which had previously been non-existent since his appointment. The agreement was approved by both the Compensation Committee and the Board of Directors on the same date. This formalizes Mr. Oster's role and sets a framework for his remuneration and responsibilities moving forward, crucial for the company's strategic management.
- : SEC 8-K (7.01): Tessera Defense and Homeland Security Inc. has reported updated revenue targets for 2027 and long-term goals for 2028-2029. This disclosure indicates management's current expectations are predicated on sustained market demand for their technologies, successful customer project execution, and growth initiatives. The report highlights anticipated strategies for converting identified commercial opportunities into secured business and expanding existing customer relationships. The event took place on September 29, 2026, aligning with the company's business outlook and strategic planning processes.
- : SEC 8-K (1.01): On October 5, 2026, Tessera Defense and Homeland Security Inc. entered into a Line of Credit Agreement with Mandragola Ltd., providing a revolving line of credit up to $5,000,000. This new credit line supplements an existing $2,000,000 line of credit with Mandragola established on May 13, 2026, which remains in effect. As of the filing date, no amounts are drawn from the previous line, indicating a strategic effort to bolster the company's cash flow capabilities. The agreement highlights the ongoing financial relationship between Tessera and Mandragola, indicating potential strategic initiatives that may be financed through this new credit facility.
- : SEC 8-K (1.01): On September 24, 2026, Tessera Defense and Homeland Security Israel Ltd., a wholly owned subsidiary of Tessera Defense and Homeland Security Inc., entered into a Material Definitive Agreement with X S.E. Security and Defense Ltd. for the purchase of 51% of the shares of RT LTA Systems Ltd. The Option Agreement allows Tessera to purchase all shares held by X SE, representing a significant stake in RT, which specializes in tethered aerostat systems for surveillance and communications. This strategic acquisition could enhance Tessera's capabilities in defense technology, particularly in airborne surveillance systems.
- : SEC 8-K (1.01):
- : SEC 8-K (7.01): On September 15, 2026, Tessera Defense and Homeland Security Inc. issued a press release and an updated corporate presentation to its stockholders, available on the company's investor relations website. The press release includes a letter from the CEO outlining the company's strategy, platform capabilities, and market targets, which will be utilized in meetings with investors and analysts. These communications feature forward-looking statements regarding the company’s financial condition and strategic direction, despite the inherent risks associated with such projections. The documents, including the letter and presentation, are provided as Exhibits 99.1 and 99.2 within this filing.
- : SEC 8-K (8.01): On September 1, 2026, BiomX Inc. announced a corporate name change to Tessera Defense and Homeland Security Inc., effective on September 11, 2026. The decision was approved by the Company’s Board of Directors on August 31, 2026, and no stockholder approval is required under Delaware law. This change includes the company's transition to a new ticker symbol 'HLSQ' on the NYSE American, which will be implemented at market open on September 11, 2026. There will be no effect on stockholder rights, and no action is necessary from stockholders regarding the name change. This filing is relevant as it highlights significant corporate governance changes and the strategic direction of the Company.
- : SEC 8-K (8.01): On August 28, 2026, BiomX Inc. announced a one-for-ten reverse stock split of its common stock, following approval from stockholders on August 25, 2026. The reverse stock split will reduce the number of outstanding shares from approximately 26.7 million to about 2.7 million, with the effective time set for September 9, 2026. All stockholders will be treated uniformly, and fractional shares will be rounded up to the next whole share. The change aims to reduce the share count while maintaining stockholder ownership percentages, and the company's transfer agent, Continental Stock Transfer & Trust Company, will act as the exchange agent. This strategic decision is expected to align the company's stock pricing with market standards.
Tessera Defense & Homeland Security Inc. funding history
| Date | Round | Amount |
|---|---|---|
| Jan 2026 | Venture | $3.3M |
| Apr 2024 | Venture | $61.5M |
| Mar 2023 | Seed | $1.5M |
| Jan 2022 | Seed | $3.0M |
| Oct 2021 | Venture | $3.0M |
Leadership
- Roy Opperman, Director of Intellectual Property
- Jonathan Solomon, Executive Officer, Director
- Gbola Amusa, Director
- Russell Greig, Director
- Jonas Grossman, Director
- Alan Moses, Director
- Paul Sekhri, Director
- Lynne Sullivan, Director
- David Rokach, Chief Financial Officer
- Michael Oster, Chief Executive Officer
Verified email and direct lines for Tessera Defense & Homeland Security Inc.’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Tessera Defense & Homeland Security Inc. in the news
- Tessera Defense and Homeland Security Inc. (HLSQ) Gets Added Order From Israeli Defense Org - TradingView (Oct 29, 2026)
- BiomX Inc. to Become Tessera Defense and Homeland Security Inc. - Yahoo Finance (Sep 01, 2026)
- A new antenna pilot will let operators control flying and ground machines from farther away. - Stock Titan (Oct 29, 2026)
- Can MKDWELL Tech (NASDAQ:MKDW), Tessera Defense (NYSEAMERICAN:HLSQ), Smart Logistics (NASDAQ:SLGB) and Baird Medical (NASDAQ:BDMD) Hold Under USD 1? - Kalkine (Oct 28, 2026)
- Zorronet Secures Initial Commercial Order for Its Edge AI Systems from a Leading Global Defense Company - TradingView (Oct 20, 2026)
- BiomX to rebrand as Tessera Defense and Homeland Security - Investing.com (Sep 01, 2026)
- Tessera Defense and Homeland Security Announces Performance-Based CEO Equity Agreement and Financing Updates - Quiver Quantitative (Oct 07, 2026)
- Warrant exercises add 3.28M shares; Tessera Defense (HLSQ) also raises cash through stock sales. - Stock Titan (Oct 13, 2026)
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About Tessera Defense & Homeland Security Inc.: questions and answers
What does Tessera Defense & Homeland Security Inc. do?
BiomX is focused on acquiring and developing technologies that identify, analyze, protect against, and support faster responses to physical threats. The company operates as a subsidiary of BiomX Inc. and is involved in enhancing security systems. With a strategic focus on defense and security, BiomX aims to integrate advanced technologies into operational environments. It addresses critical infras
Where is Tessera Defense & Homeland Security Inc. headquartered?
Tessera Defense & Homeland Security Inc. is headquartered in NESS ZIONA, Israel.
How many employees does Tessera Defense & Homeland Security Inc. have?
Tessera Defense & Homeland Security Inc. has about 20 employees.
Has Tessera Defense & Homeland Security Inc. raised funding?
Yes. Fundz has recorded 5 funding events for Tessera Defense & Homeland Security Inc.. The most recent, $3.3M, was in Jan 2026.
Who leads Tessera Defense & Homeland Security Inc.?
Michael Oster is a Chief Executive Officer at Tessera Defense & Homeland Security Inc..
What is the latest news on Tessera Defense & Homeland Security Inc.?
On Oct 23, 2026, SEC 8-K (5.02): On October 20, 2026, during a Special Meeting of Stockholders, the stockholders approved Amendment No. 2 to the Company's 2026 Equity Incentive Plan, which was first adopted by the Board of Directors on September 24, 2026. This amendment increases the number of shares of common stock
Is Tessera Defense & Homeland Security Inc. a public company?
Yes. Tessera Defense & Homeland Security Inc. is publicly traded under the ticker HLSQ.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy