secwatch.observer — SEC 8-K summary
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Issuer:     T3 Defense Inc. (DFNS)
CIK:        0001787518
Form:       8-K
Filed at:   2026-04-10T23:59:59+00:00
Accession:  0001213900-26-042313
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

T3 Defense subsidiary Water IO sells Zorronet to BiomX for 1.3M shares and $1.25M note
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- Water IO Ltd. (67%-owned by T3 Defense) sold 100% of Zorro Net Ltd. to BiomX (PHGE) on April 10, 2026.
- Consideration: 1,300,000 BiomX shares (~16.57% of BiomX) and a $1.25M non-convertible promissory note (3-month maturity).
- BiomX assumed earnout obligation: greater of 125% of 2026 revenue or 8x 2026 EBITDA, payable by March 31, 2027.
- BiomX must retain key Zorronet personnel for 3 years on no less favorable terms.
- T3 Defense, via 67% ownership of Water IO, indirectly holds the BiomX shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1787518/000121390026042313/0001213900-26-042313-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1787518/000121390026042313/ea0285348-8k_t3defense.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-042313

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