# BiomX Inc. (PHGE) — capital_return [completed]
Source: SEC API (secapi.ai) · situation sit_240fcebdad8036b15082 · retrieved 2026-08-11T15:54:00.889Z

## Overview
BiomX Inc. is a biological products company that completed the acquisition of ZorroNet Ltd. on April 10, 2026.

BiomX Inc. amended its $1,250,000 promissory note issued to Water IO Ltd. (the former owner of ZorroNet, acquired April 10, 2026) by extending the maturity date from July 10, 2026 to November 1, 2026. The company agreed to pay $250,000 within two business days and the remaining $1,000,000 in four equal monthly installments of $250,000 each on August 1, September 1, October 1, and November 1, 2026, with interest at the short-term Applicable Federal Rate payable with the final installment. In full satisfaction of accrued interest and as consideration for the extension and waiver, BiomX agreed to issue 800,000 restricted shares of common stock to Water IO, subject to NYSE American listing clearance and corporate approvals, with an August 31, 2026 longstop date after which the interest would be payable in cash instead. Water IO waived any default or acceleration rights arising from the original non-payment.

## Terms
- Counterparty: Water IO Ltd. · Deal value: $1.3M · Consideration: mixed

## Key dates
- Expiry 2026-11-01 · Completed 2026-07-27

## Timeline
- 2026-07-28 · 8-K (0001213900-26-082025): 8-K - BiomX Inc. — *BiomX Inc. is a biological products company that completed the acquisition of ZorroNet Ltd. on April 10, 2026.* BiomX Inc. amended its $1,250,000 promissory note issued to Water IO Ltd. (the former owner of ZorroNet, acquired April 10, 2026) by extending the maturity date from July 10, 2026 to November 1, 2026. The company agreed to pay $250,000 within two business days and the remaining $1,000,000 in four equal monthly installments of $250,000 each on August 1, September 1, October 1, and November 1, 2026, with interest at the short-term Applicable Federal Rate payable with the final installment. In full satisfaction of accrued interest and as consideration for the extension and waiver, BiomX agreed to issue 800,000 restricted shares of common stock to Water IO, subject to NYSE American listing clearance and corporate approvals, with an August 31, 2026 longstop date after which the interest would be payable in cash instead. Water IO waived any default or acceleration rights arising from the original non-payment.
  https://www.sec.gov/Archives/edgar/data/1739174/0001213900-26-082025.txt

## Citations
- 0001213900-26-082025 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026082025