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 are traded on NYSE American
under the symbol PHGE.
Holders of Record
As of February 16, 2026, there were 1,593,703 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. However, in connection with the issuance of our Series Y Preferred Stock, as described
below, we are required to accrue dividends on such preferred stock at a rate of 15.0% per annum, compounded quarterly, payable in arrears,
which dividends may, at the holder’s sole discretion, be paid in cash (subject to legally available funds) or in shares of our common
stock through conversion mechanics, and such dividend rate increases to 24.0% per annum upon the occurrence and during the continuance
of a Triggering Event (as defined in the applicable certificate of designations). In addition, while any shares of Series Y Convertible
Preferred Stock remain outstanding, we are restricted from declaring or paying cash dividends on any class of our capital stock, other
than as required under the applicable certificate of designations.
The payment of cash dividends in the future will
be dependent upon our revenues and earnings, if any, capital requirements and general financial condition. Subject to our undertakings
towards the holders of the Series Y Preferred Shares, the payment of any cash dividends will be within the discretion of our Board of
Directors, or the Board. at such time. Further if we incur 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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