BiomX entered into an amendment and waiver to its $1.25 million promissory note with Water IO to extend the maturity to November 1, 2026 and restructure payments. The company will pay $250,000 within two business days of execution and four monthly installments of $250,000 each from August 1 through November 1, 2026, with interest at the short-term Applicable Federal Rate due with the final payment. As consideration for the extension and waiver, BiomX agreed to issue 800,000 restricted shares, subject to NYSE American listing clearance and corporate approvals, with an August 31, 2026 longstop after which cash will be paid instead. Water IO waived any default or acceleration related to the original July 10, 2026 maturity.
Agreement details:
- Agreement type: Amendment and waiver to $1.25 million promissory note
- Counterparty: Water IO
- Signed / Effective: Jul 24 2026 / Jul 27 2026
- Duration / Termination: Through Nov 01 2026
- Reason: Extend maturity, secure waiver, and adjust payment terms
Original SEC Filing:
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