BiomX Inc. (PHGE) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 20, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 711.63% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
10M
Potential Supply
0
Additional shares possible
Splits
2 Splits 2 Reverse
Past 2 years

Summary

PHGE currently has 10.1M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 711.63% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 2 stock splits (positive for accessibility) and 2 reverse splits (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 20, 2026

10-Q filing | 10.1M shares outstanding

10M 0
Apr 13, 2026

8-K filing: BiomX Inc. purchased 60% of the issued and outstanding voting equity capital of DR. Frucht Systems Ltd. by paying $750,000 in cash, issuing a $3,000,000 convertible promissory note, issuing 923,000 shares of common stock, issuing pre-funded warrants exercisable for 923,000 shares of common stock, and issuing a five-year warrant exercisable for 3,692,000 shares of common stock.

1.7M 3M
Mar 19, 2026

8-K filing: BiomX Inc. amended a warrant with an investor to reduce the exercise price from $2.00 to $1.00 per share and revise the method of determining the number of shares issuable upon a cashless exercise.

1.7M 3M
Jan 14, 2026

8-K filing: On January 13, 2026, the Company issued 3,300 shares of Series Y Convertible Preferred Stock in a private placement.

1.7M 3M
Dec 29, 2025

8-K filing: BiomX Inc. entered into a Securities Purchase Agreement to issue and sell Series Y Convertible Preferred Stock and warrants for expected gross proceeds of $3.0 million. ($3.0M proceeds)

1.7M 3M
Nov 25, 2025
Stock Split

8-K filing: Stock split 1-for-19 | Outstanding: 31,399,552 → 1,652,558

1.7M 3M
Nov 12, 2025

10-Q filing | 31.4M shares outstanding

31M 58M
Aug 13, 2025

10-Q filing | 26.5M shares outstanding

27M 63M
May 15, 2025

10-Q filing | 26.2M shares outstanding

26M 63M
Apr 11, 2025

S-1 filing: This S-1 filing registers the resale of common stock issuable upon the exercise of pre-funded warrants, common warrants, and new warrants by selling securityholders.

25M 64M
Mar 25, 2025

10-K filing | 25.0M shares outstanding

25M 34M
Feb 27, 2025

8-K filing: BiomX Inc. entered into a securities purchase agreement for a registered direct offering and concurrent private placement, involving the issuance of common stock, pre-funded warrants, and common warrants, and also entered into inducement letter agreements with holders of existing warrants to exercise them at a reduced price in exchange for new warrants, with the gross proceeds from the registered direct offering, private placement, and warrant exercises expected to be approximately $12 million. ($9.1M proceeds)

16M 42M
Nov 14, 2024

10-Q filing | 16.4M shares outstanding

16M 42M
Aug 26, 2024
Stock Split

8-K filing: Stock split one-for-ten (1:10) | Outstanding: 178,958,447 → 17,895,844

18M 41M
Aug 14, 2024

10-Q filing | 179.0M shares outstanding

180M 410M
Jul 11, 2024

S-3/A filing: This prospectus relates to the resale by the selling securityholders named in this prospectus of (i) up to 40 Warrants to purchase up to 120,148,806 shares of Common Stock, (ii) up to 147,735 shares of our series X non-voting convertible preferred stock and (iii) up to 386,200,774 shares of common stock.

120M 470M
Jul 09, 2024

S-3/A filing: This prospectus relates to the resale by the selling securityholders of (i) warrants to purchase up to 120,148,806 shares of Common Stock, (ii) up to 147,735 shares of series X non-voting convertible preferred stock and (iii) up to 386,200,774 shares of common stock.

70M 520M
May 20, 2024

10-Q filing | 69.8M shares outstanding

70M 520M
Apr 29, 2024

S-3 filing: This prospectus relates to the resale by the selling securityholders named in this prospectus or their permitted transferees of (i) Warrants to purchase up to 120,148,806 shares of Common Stock, (ii) up to 256,887 shares of Series X Preferred Stock and (iii) up to 386,200,774 shares of common stock.

51M 540M
Apr 04, 2024

10-K filing | 51.3M shares outstanding

51M 30M
Mar 06, 2024

8-K filing: BiomX Inc. entered into a merger agreement with Adaptive Phage Therapeutics, Inc. and a Securities Purchase Agreement for a private placement of Series X Preferred Stock and warrants, contingent upon the merger. ($100.0M proceeds)

46M 36M
Dec 28, 2023

S-3/A filing: The company is filing an S-3/A to register the offering of common stock, preferred stock, and debt securities, with an aggregate initial offering price of $150,000,000.

46M 36M
Dec 07, 2023

S-3 filing: The company is filing an S-3 form to register the offering of common stock, preferred stock, and debt securities for an aggregate initial offering price of $150,000,000, as well as an ATM offering of common stock through Wainwright.

46M 36M
Nov 14, 2023

10-Q filing | 46.0M shares outstanding

46M 9M
Aug 09, 2023

10-Q filing | 46.0M shares outstanding

46M 9M
Jun 02, 2023

S-3 filing: This S-3 filing registers 31,775,477 shares of common stock for resale by selling stockholders.

46M 9M
May 15, 2023

10-Q filing | 46.0M shares outstanding

46M 0
May 05, 2023

8-K filing: BiomX Inc. completed the second closing of a private placement on May 4, 2023, issuing 24,632,243 shares of common stock and pre-funded warrants for gross proceeds of approximately $6.0 million. ($6.0M proceeds)

33M 0
Mar 29, 2023

10-K filing | 33.2M shares outstanding

33M 0
Feb 27, 2023

8-K filing: BiomX Inc. completed the first closing of a private placement offering on February 27, 2023, issuing 5,975,919 shares and pre-funded warrants for gross proceeds of approximately $1.5 million. ($1.5M proceeds)

30M 0
Feb 22, 2023

8-K filing: BiomX Inc. executed a definitive Securities Purchase Agreement for a private placement of 30,608,163 shares of common stock at $0.245 per share, with an initial closing of 5,975,918 shares and a second closing contingent upon stockholder approval, anticipating gross proceeds of approximately $7.5 million. ($3.0M proceeds)

30M 0
Nov 09, 2022

10-Q filing | 30.0M shares outstanding

30M 0
Aug 10, 2022

10-Q filing | 30.0M shares outstanding

30M 0
May 11, 2022

10-Q filing | 29.8M shares outstanding

30M 0
Mar 30, 2022

10-K filing | 29.8M shares outstanding

30M 0
Nov 30, 2021

S-3 filing: This prospectus relates to the resale by the selling stockholder named in this prospectus or its permitted transferees of up to 375,000 shares of our common stock, par value $0.0001 per share.

29M 0
Nov 15, 2021

10-Q filing | 28.6M shares outstanding

29M 0
Aug 16, 2021

10-Q filing | 28.2M shares outstanding

28M 0
Jul 26, 2021

8-K filing: BiomX Inc. entered into a securities purchase agreement to issue and sell 3,750,000 units, each consisting of one share of common stock and one warrant to purchase 0.75 of a share of common stock, at $4.00 per unit, for gross proceeds of $15.0 million. ($15.0M proceeds)

24M 0
May 24, 2021

10-Q filing | 24.3M shares outstanding

24M 0
Mar 31, 2021

10-K filing | 22.9M shares outstanding

23M 0
Dec 04, 2020

S-3 filing: The company is filing an S-3 to register the offering of common stock, preferred stock, debt securities, warrants to purchase common stock, and units of two or more of such securities, in one or more offerings for an aggregate initial offering price of $150,000,000.

23M 0
Dec 04, 2020

POS AM filing: This prospectus relates to the resale by the selling security holders of up to 22,023,881 shares of common stock and 2,900,000 warrants to purchase common stock.

23M 0
Nov 12, 2020

10-Q filing | 22.9M shares outstanding

23M 0
Aug 13, 2020

10-Q filing | 22.9M shares outstanding

23M 0
May 14, 2020

10-Q filing | 22.9M shares outstanding

23M 0
Mar 26, 2020

10-K filing | 22.9M shares outstanding

23M 0
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