AcquisitionsJul 8, 2026, 04:06 PM
Byrna Acquires HERO Defense Systems for $1.25M Cash & Stock
AI Summary
Byrna Technologies Inc. announced it has entered into a definitive asset purchase agreement to acquire substantially all of the assets of HERO Defense Systems, LLC. This acquisition aims to expand Byrna's product portfolio across additional price points and form factors, creating new entry points for consumers interested in personal safety. The consideration for the acquisition includes $625,000 in cash, $625,000 in restricted shares of Byrna common stock, and a performance-based royalty on future net sales of HERO products. The transaction is expected to close within approximately 30 days.
Key Highlights
- Byrna Technologies Inc. to acquire substantially all assets of HERO Defense Systems, LLC.
- Acquisition consideration includes $625,000 in cash.
- Acquisition consideration includes $625,000 in restricted shares of Byrna common stock.
- Total upfront consideration for the acquisition is $1.25 million.
- A performance-based royalty tied to future net sales of HERO products is also part of the deal.
- The transaction is expected to close within approximately 30 days.
Price Impact
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