other material
confidence high
sentiment negative
materiality 0.55
Tessera issues ~3.5M shares for MEA stake and DFSL warrant exercise; ATM raises over $6M
BiomX Inc.
- Issued 195,000 restricted shares to Mayers Ventures LLC for an equity interest in M.E.A. Testing Systems Ltd. plus an option on Motomova Inc.'s remaining MEA stake.
- Issued 3,278,039 restricted shares to Mandragola Ltd. in three cashless exercises of the DFSL Warrant from the April 13, 2026 buy of 60% of Dr. Frucht Systems Ltd.
- Shares outstanding 13,983,094 as of Oct 12, 2026, after these issuances and ATM sales; warrant has a $0.10 floor and 9.99% beneficial-ownership blocker.
- At-the-market program raised more than $6 million net at an average net price of about $1.11, as adjusted for the one-for-ten reverse split effective Sept 9, 2026.
- Management said it may temporarily halt ATM sales depending on market conditions; CEO Michael Oster signed the report Oct 13, 2026.