secwatch.observer — SEC 8-K summary
======================================

Issuer:     BiomX Inc. (PHGE)
CIK:        0001739174
Form:       8-K
Filed at:   2026-09-25T12:42:39+00:00
Accession:  0001213900-26-103251
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Tessera Israel gets 90-day option to buy 51% of RT LTA Systems for up to $13M equity value
--------------------------------------------------------------------------------

- Tessera Israel, subsidiary of HLSQ, received an option from X S.E. Security and Defense Ltd. to acquire 192 RT shares, 51% of RT LTA Systems Ltd.
- Option is exercisable within 90 days, extendable 60 days after notice, and requires $1,000,000 Option Consideration paid within 30 days, refundable if not exercised.
- RT Equity Value is the lower of $13,000,000 or two times average EBITDA plus 10% of average revenue for fiscal years 2026-2028.
- Upon exercise, $2,000,000 is payable on account, including the Option Consideration, with $1,000,000 due at closing and the balance paid in annual installments.
- X SE must cause RT to grant Tessera Israel a non-exclusive perpetual technology license within 60 days, surviving termination and becoming royalty-free if the Refund Amount is unpaid.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739174/000121390026103251/0001213900-26-103251-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739174/000121390026103251/ea0306570-8k_tessera.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-103251

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer