Tessera Makes Payment to Secure Previously Granted Option on World Leader in Tethered Aerostat and Aerospace Technology

Tessera paid $1 million to secure a 90-day option to acquire 51% of RT LTA Systems, a tethered aerostat maker, at an equity value capped at $13 million or a lower revenue/EBITDA-based earnout formula. RT claims roughly $15 million in backlog including a UAE border-protection contract, and the deal includes a non-exclusive perpetual technology license to Tessera regardless of whether the option is exercised. Tessera is still validating RT's backlog during due diligence.

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