Tessera Announces Employment Agreement with Chief Executive Officer Michael Oster
Tessera Defense and Homeland Security Inc. (NYSE American: HLSQ) announced an employment agreement with CEO Michael Oster, granting him options for 1M shares at $1.15 each, 1M restricted stock units, and 400K vested shares. His compensation includes performance-based equity tied to EBITDA per share targets for FY 2027 and FY 2028. The company also raised $6M via an at-the-market offering and secured a $5M line of credit.
