BiomX Acquires DFSL To Expand Defense Portfolio
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BiomX Inc. (PHGE) has acquired a controlling interest in DFSL, an engineering company, to expand into the defense sector. The acquisition involves cash, an unsecured convertible note, and warrants at $12 per share. BiomX aims to integrate DFSL's technologies, including LADAR for real-time tracking, with its AI platform for improved detection and response. PHGE shares closed at $2.63, down 9%, but rose to $2.68 in overnight trading, up 1.90%.
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