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
were also traded on the Tel Aviv Stock Exchange under the symbol “PHGE”. We voluntary delisted from the Tel Aviv Stock Exchange
in October 2022.
Holders of Record
As of March 24, 2023, there were 33,181,773 issued
and outstanding shares of our Common Stock held by 73 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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