BiomX Inc. announced on April 1, 2025, its compliance with NYSE American Company Guide Sections 401(h) and 610(b) by separately disclosing a 'going concern' qualification in its audit opinion. This qualification was previously disclosed in the company's annual report on Form 10-K for the fiscal year ended December 31, 2024, filed with the SEC on March 25, 2025.
The announcement serves solely to meet NYSE disclosure requirements and does not represent any change or amendment to the company's 2024 audited financial statements or its annual report. A 'going concern' qualification indicates that there is substantial doubt about the company's ability to continue as an ongoing business.
This disclosure highlights the company's financial position, which management estimates will support operations only into the first quarter of 2026, necessitating further capital raises to fund ongoing development activities.
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