BiomX (NYSE: PHGE) sets Sept. 9 reverse split to cut share count
Rhea-AI Filing Summary
BiomX Inc. (PHGE) announced a 1-for-10 reverse stock split of its common stock. The Board set the ratio on August 28, 2026, after prior stockholder approval of a reverse split in the range of 1-for-5 to 1-for-20, together with a reduction in authorized shares.
The reverse split and related Certificate of Amendment are expected to become effective at 12:01 a.m. ET on September 9, 2026, with trading on the NYSE American beginning on a split-adjusted basis that day. Each 10 pre-split shares will be combined into 1 post-split share, reducing outstanding shares from approximately 26.7 million to approximately 2.7 million, while authorized common shares will decrease from 750,000,000 to 150,000,000. Fractional shares will be rounded up to the next whole share, and percentage ownership will remain essentially unchanged aside from rounding effects.
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Filing Explained
Beyond the share-count changes already disclosed, the filing states that outstanding warrants, convertible instruments, and equity awards will receive proportionate adjustments to their exercise prices and share amounts when the reverse split takes effect.
8-K Event Classification
3 items: 5.03, 8.01, 9.01
3 items
Item 5.03
Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Governance
The company amended its charter documents, bylaws, or changed its fiscal year.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Reverse stock split ratio: 1-for-10
Effective time of reverse stock split: 12:01 a.m. Eastern Time on September 9, 2026
Outstanding common shares before reverse split: approximately 26.7 million shares
+3 more
6 metrics
Reverse stock split ratio
1-for-10
Ratio fixed by the Board of Directors for the reverse stock split
Effective time of reverse stock split
12:01 a.m. Eastern Time on September 9, 2026
Expected effectiveness of the Certificate of Amendment and split-adjusted trading
Outstanding common shares before reverse split
approximately 26.7 million shares
Common stock issued and outstanding immediately prior to the reverse split
Outstanding common shares after reverse split
approximately 2.7 million shares
Expected common stock outstanding immediately after the 1-for-10 reverse split
Authorized common shares before amendment
750,000,000 shares
Authorized common stock prior to effectiveness of the Certificate of Amendment
Authorized common shares after amendment
150,000,000 shares
Authorized common stock upon effectiveness of the reverse split and amendment
Key Terms
reverse stock split, Certificate of Amendment, CUSIP number, transfer agent, +1 more
5 terms
reverse stock split financial
"announced that it will effect a one-for-ten (1-for-10) reverse stock split"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
Certificate of Amendment regulatory
"file a Certificate of Amendment to its Amended and Restated Certificate"
A certificate of amendment is an official filing that updates a company’s founding documents—its legal “rulebook” that sets share structure, voting rules, name and basic purpose. Think of it like changing the blueprint of a building: small changes are paperwork, big ones can alter who owns how much and who controls decisions. Investors watch these filings because they can affect share counts, voting power, dilution and company value.
CUSIP number financial
"Following the Reverse Stock Split, the Common Stock will be assigned CUSIP number"
A CUSIP number is a nine-character code that uniquely identifies a specific U.S. or Canadian stock, bond, or other security, similar to a barcode or a social-security number for a financial instrument. It matters to investors because it removes confusion between similar securities, ensures trades and settlements are applied to the correct issue, and helps locate official documents and transaction records quickly.
transfer agent financial
"Continental Stock Transfer & Trust Company, the Company’s transfer agent, is acting"
A transfer agent is a financial service that keeps the official record of who owns a company's shares, handles the buying and selling of those shares on paper or electronically, and issues or cancels stock certificates. Think of it as the company’s records keeper and mailroom combined—investors rely on it to make sure dividends, shareholder mailings, ownership changes, and proxy voting are processed accurately and securely, which protects ownership rights and helps prevent errors or fraud.
split-adjusted basis financial
"begin trading on the NYSE American on a split-adjusted basis when the market opens"
An adjustment to historical share prices and share counts that reflects past stock splits or reverse splits so that old data lines up with the current number of shares. Think of it like resizing an old photograph so it matches a new frame: it keeps price charts, returns and per‑share metrics comparable over time, which matters to investors who need accurate performance, valuation and trend analysis.
FAQ
What reverse stock split did BiomX Inc. (PHGE) approve?
BiomX Inc. approved a 1-for-10 reverse stock split of its common stock. Each 10 shares outstanding immediately before effectiveness will be combined into 1 share, with no change to the $0.0001 par value per share.
When will BiomX (PHGE) reverse stock split become effective?
The reverse stock split is expected to become effective at 12:01 a.m. Eastern Time on September 9, 2026, when the Certificate of Amendment is effective with the Delaware Secretary of State.
Will BiomX (PHGE) options and warrants be adjusted for the reverse split?
Yes. BiomX states that proportionate adjustments will be made to the exercise prices and number of shares underlying outstanding warrants, convertible instruments, and equity awards to reflect the reverse stock split.
What new CUSIP will BiomX (PHGE) common stock have after the reverse split?
Following the reverse stock split, BiomX’s common stock will be assigned CUSIP number 09090D 608 for trading on the NYSE American.
AI-generated analysis. How Rhea-AI works. Not financial advice.
