BiomX director entity sells shares and warrants
BiomX Inc. director and 10% owner Yeganeh Reuven, through Pyu Pyu Capital LLC, converted Series Y Convertible Preferred Stock into Common Stock at a conversion price of $2.00 per share and then sold the resulting shares in private transactions.
Rhea-AI Filing Summary
BiomX Inc. director and 10% owner Yeganeh Reuven, through Pyu Pyu Capital LLC, converted Series Y Convertible Preferred Stock into Common Stock at a conversion price of $2.00 per share and then sold the resulting shares in private transactions.
Pyu Pyu Capital LLC received 450,000 and 530,000 Common shares upon conversion and sold all 980,000 shares at $5.00 per share in private deals. It also sold 5,000,000 Common Stock Purchase Warrants in private transactions at prices between $4.76 and $5.24 per warrant share, leaving no Common Stock or warrants reported as held after these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Series Y Convertible Preferred Stock | 1,060 | $0.00 | $0.00 |
| Conversion | Common Stock, $0.0001 par value per share | 530,000 | $2.00 | $1.06M |
| Sale | Common Stock, $0.0001 par value per share | 530,000 | $5.00 | $2.65M |
| Conversion | Series Y Convertible Preferred Stock | 900 | $0.00 | $0.00 |
| Sale | Common Stock Purchase Warrants | 1,300,000 | $5.00 | $6.50M |
| Sale | Common Stock Purchase Warrants | 2,000,000 | $5.24 | $10.48M |
| Sale | Common Stock Purchase Warrants | 1,700,000 | $4.76 | $8.09M |
| Conversion | Common Stock, $0.0001 par value per share | 450,000 | $2.00 | $900K |
| Sale | Common Stock, $0.0001 par value per share | 450,000 | $5.00 | $2.25M |
Footnotes (4)
- F1. Represents shares of common stock, par value $0.0001 per share ("Common Stock"), of the Issuer received upon conversion of the Issuer's Series Y Convertible Preferred Stock, par value $0.0001 per share, held by the Reporting Person at a conversion price equal to $2.00 per share.
- F2. The reported securities are directly owned by Pyu Pyu Capital, LLC ("Pyu Pyu") and may be deemed to be beneficially owned by the Reporting Person as sole member of Pyu Pyu. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
- F3. The shares of Common Stock were sold in private transactions at a price of $5.00 per share.
- F4. The warrants were sold in private transactions at the specified price per warrant share.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did BiomX (PHGE) insider Yeganeh Reuven report in this Form 4?
What happened to the Series Y Convertible Preferred Stock in BiomX (PHGE)?
How many BiomX (PHGE) warrants were sold and at what prices?
Were the BiomX (PHGE) insider transactions open-market trades or private deals?
Does Yeganeh Reuven directly own the BiomX (PHGE) securities involved?
AI-generated analysis. How Rhea-AI works. Not financial advice.