Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER
MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES
Our shares of Common Stock, Public Units, and
Public Warrants are traded on NYSE American under the symbols PHGE, PHGE.U and PHGE.WS, respectively.
Our shares of Common Stock are also traded on
the Tel Aviv Stock Exchange under the symbol “PHGE”.
Holders of Record
As of March 25, 2022, there were 29,779,249 issued
and outstanding shares of our Common Stock held by 72 stockholders of record. The number of record holders was determined from the records
of our transfer agent and does not include beneficial owners of shares of Common Stock whose shares are held in the names of various security
brokers, dealers, and registered clearing agencies.
Dividends
We
have not paid any cash dividends on our Common Stock to date and do not intend to pay cash dividends. The payment of cash dividends in
the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition. The payment
of any cash dividends will be within the discretion of our Board of Directors at such time. Further, the Hercules Loan Agreement limits
our ability to declare or pay dividends, and if we incur additional indebtedness, our ability to declare dividends may be further limited
by restrictive covenants we may agree to in connection therewith.
ITEM 6. [RESERVED.]
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