---
title: "BiomX Amends Promissory Note, Issues Restricted Shares"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294079772.md"
description: "BiomX amended a $1.25M promissory note to Water IO, extending maturity to Nov 1, 2026, and restructuring repayment into installments. The company issued 800,000 restricted shares in lieu of accrued interest, subject to regulatory approvals. This related-party transaction was approved by the board. Meanwhile, TipRanks' AI analyst rates PHGE as Neutral due to weak financials and bearish technicals, despite strategic acquisitions."
datetime: "2026-07-28T13:49:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294079772.md)
  - [en](https://longbridge.com/en/news/294079772.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294079772.md)
---

# BiomX Amends Promissory Note, Issues Restricted Shares

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The latest update is out from BiomX ( (PHGE) ).

On April 10, 2026, BiomX Inc. completed the acquisition of ZorroNet Ltd., issuing a $1,250,000 promissory note to former owner Water IO Ltd. as part of the consideration. On July 27, 2026, BiomX amended the note to extend its maturity from July 10 to November 1, 2026, and restructured repayment into an immediate $250,000 principal payment followed by four monthly installments of $250,000, with interest at the short-term Applicable Federal Rate payable with the final installment.

As part of the amendment, BiomX agreed to issue 800,000 restricted common shares to Water IO in lieu of accrued interest and as consideration for the extension, subject to NYSE American listing clearance and corporate approvals, with a cash alternative if not completed by August 31, 2026. Water IO irrevocably waived any default or acceleration rights related to non-payment at the original maturity date, and the transaction, involving an overlapping independent director, was approved by BiomX’s board and audit committee under its related-party transaction policy.

The most recent analyst rating on (PHGE) stock is a Buy  
with a $26.00 price target.  
To see the full list of analyst forecasts on BiomX stock,  
see the PHGE Stock Forecast page.

**Spark’s Take on PHGE Stock**

According to Spark, TipRanks’ AI Analyst, PHGE is a Neutral.

The score is held down primarily by weak financial performance (no revenue, ongoing losses, and continued cash burn with negative equity) and a clearly bearish technical setup (price far below key moving averages with negative MACD). Corporate events provide some support via a clearer defense-focused strategy and a listing compliance extension, but dilution and compliance risks, along with limited valuation support due to negative earnings, keep the overall score low.

To see Spark’s full report on PHGE stock,  
click here.

**More about BiomX**

BiomX Inc. is a publicly listed company operating in the life sciences sector. The company focuses on acquiring and integrating complementary businesses, such as ZorroNet Ltd., to expand its technological capabilities and strengthen its position in its target markets.

**Average Trading Volume:** 8,148,427

**Technical Sentiment Signal:** Strong Sell

**Current Market Cap:** $2.23M

For an in-depth examination of PHGE stock, go to TipRanks’ Overview page.

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