Annual report [Section 13 and 15(d), not S-K Item 405]

Transaction with Related Parties

v3.25.1
Transaction with Related Parties
 12 Months Ended
Dec. 31, 2024
Transaction with Related Parties [Abstract]  
TRANSACTION WITH RELATED PARTIES
NOTE 7 - 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, 570 shares of Common Stock held by the stockholder were restricted and allocated to the Company and were accounted as an acquisition of treasury stock by the Company at an amount equal to the loan. In 2022, the loan was repaid by the stockholder to the Company. 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 12B regarding stock options granted to related parties.
     
  C. Refer to note 12A regarding a Securities Purchase Agreement with institutional investors.