debt
confidence high
sentiment neutral
materiality 0.55
BiomX amends $1.25M promissory note, extends maturity to Nov 1, 2026, issues 800k shares to Water IO
BiomX Inc.
- Maturity extended from July 10 to Nov 1, 2026; $250k immediate payment, then four monthly $250k installments.
- In satisfaction of accrued interest and consideration, BiomX to issue 800k restricted shares to Water IO, subject to NYSE American clearance and corporate approvals by Aug 31, 2026, else cash.
- Water IO irrevocably waives any default from non-payment at original maturity; note not accelerated.
- Independent director of BiomX also serves as independent director of Water IO; amendment approved by board and audit committee with interested director abstaining.