BiomX Announces a Mandatory Unit Separation
October 15 2024 - 6:00AM
BiomX Inc. (NYSE American: PHGE) (“BiomX” or the “Company”), a
clinical-stage company advancing novel natural and engineered phage
therapies that target specific pathogenic bacteria, announces a
mandatory separation of its units, which trade under the ticker
symbol “PHGE.U”, each of which consists of one share of Common
Stock and one warrant to purchase one-half of a share of Common
Stock (the “Units”). Each warrant (a “Warrant”) entitles the holder
to purchase one-half of a share of Common Stock at price of $115
per share.
On or about October 25, 2024, the Units will be mandatorily
separated and will no longer trade on the NYSE American (the
“Mandatory Unit Separation”). In the separation, Unit holders will
receive the number of shares of Common Stock and Warrants
underlying such Units. This is a mandatory and automatic
separation, and no action is required by the holders of Units. The
Warrants will expire on October 28, 2024.
Following the Mandatory Unit Separation, the shares of Common
Stock underlying the Units will trade under the symbol PHGE with
the other existing shares of the Company’s Common Stock.
About BiomXBiomX is a clinical-stage company
leading the development of natural and engineered phage cocktails
and personalized phage treatments designed to target and destroy
harmful bacteria for the treatment of chronic diseases with
substantial unmet needs. BiomX discovers and validates proprietary
bacterial targets and applies its BOLT (“BacteriOphage Lead to
Treatment”) platform to customize phage compositions against these
targets. For more information, please visit www.biomx.com, the
content of which does not form a part of this press release.
Contacts:BiomX, Inc.Ben Cohenbenc@biomx.com
CORE IRPeter Seltzbergir-biomx@biomx.com
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