BiomX Inc. Announces Stockholder Approval for Conversion of Outstanding Series X Convertible Preferred Stock to Common Stock

BiomX's Series X Preferred Stock was issued upon BiomX's acquisition of Adaptive Phage Therapeutics, Inc. ("APT") and a concurrent $50 million financing (the "Financing"), which were consummated in March 2024. As a result of the stockholder vote approving the conversion of BiomX's Series X Preferred Stock, each share of Series X Preferred Stock issued in the APT acquisition and the private placement will be converted into 1,000 shares of BiomX common stock, subject to certain beneficial ownership limitation ...