AcquisitionsApr 13, 2026, 09:31 AM
BiomX Acquires 60% Stake in DR. Frucht Systems for $3.75M + Shares
AI Summary
BiomX Inc. has completed the acquisition of a 60% fully diluted equity stake in DR. Frucht Systems Ltd. (DFSL) by exercising its option with Mandragola Ltd. The consideration for the acquisition included a cash payment of $750,000, a $3 million convertible promissory note, and the issuance of 923,000 shares of BiomX common stock. This transaction expands BiomX's portfolio by integrating DFSL.
Key Highlights
- Acquired 60% fully diluted equity in DR. Frucht Systems Ltd.
- Paid $750,000 in cash, with $450,000 already advanced.
- Issued a $3,000,000 convertible note at $12.00 per share.
- Issued 923,000 shares of BiomX common stock.