InvestmentAug 5, 2026, 08:46 AM
BiomX Acquires 10% Stake in Motomea for $50K Cash, 1.3M Shares
AI Summary
BiomX Inc. announced the acquisition of a 10% stake in M.E.A. Testing Systems Ltd. and Mea Motomova India (Motomea), a developer of advanced electric motor testing and validation systems. The investment, which includes an exclusive license for drone testing solutions, aims to strengthen BiomX's capabilities in supporting integrated defense systems, particularly in electric propulsion for unmanned aerial platforms. BiomX paid $50,000 in cash and will issue 1,300,000 restricted shares, subject to regulatory approval. The agreement also includes an option for BiomX to acquire control of Motomea, with the purchase price based on future revenue and EBITDA.
Key Highlights
- BiomX acquired a 10% stake in Motomea, a developer of electric motor testing systems.
- The deal includes an exclusive license to develop and distribute drone testing solutions.
- BiomX paid $50,000 in cash for the 10% stake.
- BiomX undertook to issue 1,300,000 restricted shares to Motomea's majority owner.
- BiomX obtained an option to acquire control of Motomea, subject to due diligence.
- Option purchase price based on 2x 2027 net revenue and 4x 2028 EBITDA, multiplied by 90%.
Price Impact
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