Annual report pursuant to Section 13 and 15(d)

Transaction with Related Parties

v3.24.1
Transaction with Related Parties
 12 Months Ended
Dec. 31, 2023
Transaction with Related Parties [Abstract]  
TRANSACTION WITH RELATED PARTIES
NOTE 9 - TRANSACTION WITH RELATED PARTIES

 

  A. In October 2019, BiomX Israel entered into a loan agreement in the amount of $19 with a stockholder who was subject to taxation in Israel in connection with the Recapitalization Transaction. As part of the loan agreement, the stockholder’s shares of Common Stock were restricted and allocated to the Company. The number of shares of Common Stock in respect of which the loan was granted was 5,700. The granting of the loan and the restrictions imposed on the related Common Stock until repayment of the loan were accounted as an acquisition of treasury stock by the Company at an amount equal to the loan. During the year ended December 31, 2022, the loan was repaid by the stockholder to the Company and was accounted as proceeds on account of shares in the statements of changes in stockholders’ equity. During the year ended December 31, 2023, the shares of Common Stock were transferred to the stockholder and were accounted as reissuance of treasury stock.

 

  B. Refer to note 12A regarding a Securities Purchase Agreement with institutional investors, all of the Company’s directors and certain executive officers.

 

  C. Refer to note 12B regarding stock options granted to related parties.