BiomX Inc. announced on October 15, 2024, a mandatory separation of its units, which trade under the ticker symbol 'PHGE.U'. Each unit consists of one share of Common Stock and one warrant to purchase one-half of a share of Common Stock.
The mandatory unit separation is scheduled to occur on or about October 25, 2024, after which the units will no longer trade on the NYSE American. Holders of units will automatically receive the underlying shares of Common Stock and warrants.
Each warrant entitles the holder to purchase one-half of a share of Common Stock at a price of $115 per share, and these warrants are set to expire on October 28, 2024. Following the separation, the shares of Common Stock will trade under the symbol PHGE.
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