BiomX to issue 800,000 unregistered shares to Water IO under note amendment
PHGE•Promissory note terms
The promissory note principal totals $1.25 million. The maturity has been extended to Nov. 1, 2026, with a $250,000 near-term payment.
Share issuance tied to note amendment
BiomX is set to issue 800,000 restricted common shares to Water IO in an unregistered transaction tied to a promissory note amendment.
The shares will settle accrued interest through July 24, 2026, subject to NYSE American listing clearance and corporate approvals.
Cash fallback if conditions are not met
If the required conditions are not met by Aug. 31, 2026, BiomX will pay the amount in cash instead of issuing shares.
