Announcement • May 16
BiomX Inc. announced delayed 10-Q filing On 05/15/2026, BiomX Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. New Risk • Apr 29
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 497% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Negative equity (-US$1.3m). Earnings are forecast to decline by an average of 4.9% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (497% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (US$6.75m market cap). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (US$45m net loss in 3 years). Announcement • Mar 30
BiomX Inc. Appoints Dr. Ehud (Udi) Levi to Advisory Board BiomX Inc. announced the appointment of Dr. Ehud (Udi) Levi to its newly formed Advisory Board. Dr. Levi will support the Company in evaluating and pursuing strategic alternatives and business opportunities, with an emphasis on security and defense, aerial response systems, and counter-UAS (C-UAS) technologies. This will include identifying and assessing potential partnerships, transactions, and new business directions aligned with the Company’s expansion into security and defense applications. Dr. Levi brings more than three decades of experience in Israeli intelligence and national security. He served in Unit 8200 of the Israel Defense Forces and later as Head of the Counter-Terror Finance Office in the Israeli Prime Minister’s Office, where he led efforts to identify, track, and disrupt illicit financial networks supporting terrorist organizations, including Project Cassandra. In addition, Dr. Levi coordinated Israeli intelligence efforts targeting Iran and other fundamentalist terrorist organizations, including efforts focused on terrorist financing and weapons-related programs. He also served as Deputy to the Director of the Mossad, under the late Meir Dagan, and holds a doctorate in Middle Eastern studies from Ben Gurion University, with a focus on fundamentalist terrorist organizations. Following his retirement from government service in 2016, Dr. Levi led large-scale asset tracking and financial intelligence projects and has served as a special advisor to governments, financial institutions, and international corporations. He has advised governments on emerging military threats, specifically unmanned systems and counter-UAS applications in the conflict in Ukraine, as well as anti-money laundering and terrorist financing. Dr. Levi will serve as the initial member of BiomX’s newly created Advisory Board. His compensation will be aligned with the Company’s existing incentive plan.