Financing ·
BiomX Inc. entered into Amendment No. 1 and Waiver to a $1,250,000 promissory note issued to Water IO Ltd. as part of…
PHGETessera Defense & Homeland Security Inc.
BiomX Inc. entered into Amendment No. 1 and Waiver to a $1,250,000 promissory note issued to Water IO Ltd. as part of the consideration for its April 2026 acquisition of ZorroNet Ltd. The amendment extends the note's maturity from July 10, 2026, to November 1, 2026, and waives prior defaults. BiomX will pay $250,000 of principal within two business days, followed by four equal monthly installments of $250,000. In exchange for the waiver and extension, the company agreed to issue 800,000 restricted shares of common stock to Water IO, subject to NYSE American listing clearance and corporate approvals, with a longstop date of August 31, 2026, after which payment converts to cash. This transaction involves a related party, as an independent BiomX board member also serves on Water IO's board. BiomX Inc. operates in the biotechnology industry, developing microbiome-based therapeutics.