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Water IO, T3 Defense (NYSE: PHGE) report 19.9% BiomX ownership

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Water IO Ltd. and affiliated entities filed a Schedule 13D reporting a new stake in BiomX Inc. common stock. Water IO received 1,300,000 shares of BiomX common stock, plus a non-convertible promissory note for $1,250,000, as consideration for selling 100% of Zorronet’s share capital to BiomX under an April 10, 2026 Stock Purchase Agreement.

The 1,300,000 shares represent about 19.87% of BiomX’s outstanding common stock as of April 10, 2026. By virtue of control relationships, Star 26 Capital Inc., T3 Defense Inc., and Menachem Shalom may be deemed to share voting and dispositive power over these shares, although they disclaim beneficial ownership beyond their economic interest. Menachem Shalom also personally owns an additional 300,000 BiomX shares acquired before this transaction. BiomX agreed in the SPA to file a Form S-3 within 45 days after closing to register the resale of the share consideration.

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Insights

New strategic holder discloses a near-20% stake in BiomX via stock-for-business acquisition.

Water IO became a major shareholder in BiomX by contributing 100% of Zorronet in exchange for 1,300,000 common shares and a $1,250,000 non-convertible note under an April 10, 2026 Stock Purchase Agreement. This gives Water IO an approximately 19.87% stake based on 6,543,516 BiomX shares outstanding.

Control flows through Star 26 Capital and T3 Defense, with Menachem Shalom at the top of the chain, so these entities may be deemed to share voting and dispositive power over the BiomX shares while formally disclaiming full beneficial ownership. Shalom also owns 300,000 shares directly, increasing his total economic exposure.

The SPA obligates BiomX to file a registration statement on Form S-3 within 45 days after closing to cover resale of the share consideration, which could enable future liquidity for Water IO and related parties once effective. Future company filings around that S-3 and any subsequent trading activity will further clarify how actively this new holder manages its position.

Shares received 1,300,000 shares BiomX common stock issued to Water IO as Zorronet purchase consideration
Ownership percentage 19.87% Portion of BiomX common stock beneficially owned as of April 10, 2026
Shares outstanding 6,543,516 shares BiomX common stock outstanding referenced to calculate Water IO’s percentage
Promissory note $1,250,000 Principal amount of non-convertible promissory note issued to Water IO in SPA
Water IO stake held by Star 26 67% Approximate ownership of Water IO’s equity by Star 26 Capital Inc.
Personal holdings 300,000 shares BiomX common shares personally owned by Menachem Shalom before acquisition
S-3 filing deadline 45 days Time after closing for BiomX to file Form S-3 for resale registration
Schedule 13D regulatory
"This is being filed jointly by the following persons (collectively, the "Reporting Persons")"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficially own financial
"Star 26 may be deemed to beneficially own the shares of Common Stock held directly by Water IO"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Stock Purchase Agreement regulatory
"pursuant to a Stock Purchase Agreement dated April 10, 2026 (the "SPA")"
A stock purchase agreement is a legal contract that sets the terms for buying or selling shares, specifying the price, number of shares, how payment is made, and any conditions or promises each side must meet. It matters to investors because it defines who owns what, when ownership changes, and what protections or obligations attach to the deal—think of it as a detailed receipt plus the house rules that determine the financial risks and benefits of the transaction.
non-convertible promissory note financial
"a non-convertible promissory note in the principal amount of $1,250,000 as the aggregate purchase price"
registration statement on Form S-3 regulatory
"the Issuer has agreed to file a registration statement on Form S-3 within forty-five (45) calendar days"
A registration statement on Form S‑3 is a short, standardized filing a qualified public company uses to register new securities with regulators so they can be sold to investors; think of it as a pre-approved, reusable permission slip that speeds up future offerings. It matters to investors because it lets the company raise money more quickly and cheaply — which can fund growth or pay debt — but may also lead to share dilution or change in ownership, so it affects value and liquidity.
dispositive power financial
"may be deemed to share voting and dispositive power with respect to the 1,300,000 shares of Common Stock"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.





If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D






SCHEDULE 13D


Water IO Ltd.
Signature:/s/ Menachem Shalom
Name/Title:Menachem Shalom/Chief Executive Officer
Date:04/10/2026
Star 26 Capital Inc.
Signature:/s/ Menachem Shalom
Name/Title:Menachem Shalom/Chief Executive Officer
Date:04/10/2026
T3 Defense Inc.
Signature:/s/ Menachem Shalom
Name/Title:Menachem Shalom/Chief Executive Officer
Date:04/10/2026
Menachem Shalom
Signature:/s/ Menachem Shalom
Name/Title:Menachem Shalom
Date:04/10/2026

FAQ

What stake in BiomX Inc. (PHGE) did Water IO report on Schedule 13D?

Water IO reported holding 1,300,000 shares of BiomX common stock, representing approximately 19.87% of the company’s outstanding common shares as of April 10, 2026, based on 6,543,516 shares outstanding cited in the filing.

How did Water IO acquire its BiomX Inc. (PHGE) shares?

Water IO acquired 1,300,000 BiomX shares as consideration for selling 100% of Zorronet’s share capital to BiomX under an April 10, 2026 Stock Purchase Agreement, plus a non-convertible promissory note with a principal amount of $1,250,000.

Which entities are included as reporting persons in the BiomX (PHGE) Schedule 13D?

The Schedule 13D lists Water IO Ltd., Star 26 Capital Inc., T3 Defense Inc., and Menachem Shalom as reporting persons. Control runs from T3 Defense to Star 26 to Water IO, with Shalom controlling T3 Defense and holding roles across the entities.

What registration commitment did BiomX (PHGE) make in the Zorronet transaction?

Under the April 10, 2026 Stock Purchase Agreement, BiomX agreed to file a registration statement on Form S-3 within 45 calendar days after closing, covering the resale of the share consideration issued to Water IO for the Zorronet acquisition.

Does Menachem Shalom own any BiomX Inc. (PHGE) shares personally?

Yes. The filing states that Menachem Shalom personally owns 300,000 BiomX common shares purchased before the Zorronet acquisition, in addition to his indirect economic interest in the 1,300,000 shares held directly by Water IO Ltd.

Can the reporting persons change their BiomX (PHGE) holdings after this Schedule 13D?

The reporting persons state they acquired the shares for investment purposes and may buy more BiomX shares or sell some or all of their holdings in market or private transactions, subject to securities law restrictions and any lock-up or registration requirements.