Dilution profile // every instrument, one screen, from SEC filings

BiomX Inc. (PHGE)

CIK 1739174 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed signals (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGH$26.4M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
one or more live registrations had no structured fee data, so the true total is AT LEAST this
Overhead supply
HIGHwarrants = 216% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
LOW-78% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
HIGH~0.5 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)
the company itself flagged going-concern doubt

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2021-03-252026-05-20

Latest: 10.1M shares as of May 20, 2026 (10-Q). Share count fell from 29.0M to 1.6M between Nov 11, 2025 and Feb 16, 2026, a pattern consistent with a reverse split (roughly 1-for-18); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool

Warrants

TrancheWarrantsExercise priceTermNotes
Inducement Warrants366,087$17.68
Common Warrants312,503$17.68
Private Placement Warrants203,444$43.91
AR Warrants157,603$0.0001
January Two Thousand Twenty Six Private Placement Agent Warrants99,000$2.5
Agents Warrants50,126$43.91
Private Pre Funded Warrants46,232$0.0019
Registered Pre Funded Warrants42,381$0.0019
Two Thousand Twenty One Registered Direct Offering Warrants14,808$950
Merger Warrants11,404$950
Landlord Warrants1,316$950
Warrant298$25y

Tranches exactly as the company dimensioned them in its 10-Q filed May 20, 2026. Groupings can overlap (a “Series E and F” row is not additive with a “Series E” row), so do not sum this column. A tranche the filer did not tag is absent here, not absent from the cap table. DOWN-ROUND = the filer tagged price-protection accounting scoped to that tranche.

Warrants outstanding: 21.9M underlying shares, as reported Sep 30, 2025 (10-Q).

Reported exercise price: $0.0001 (aggregate figure as tagged; individual tranches vary).

Balance-sheet fair value of warrants: $1.7M as of Mar 31, 2026.

Rough fully diluted estimate: 32.1M = 10.1M O/S + 21.9M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

No convertible-note facts tagged in the 10-Q filed May 20, 2026. If convertible notes exist, their terms live in exhibit prose for this filer and are not parsed; absence of a tag is not proof of absence. The exhibits are the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding10.1MMay 20, 2026
+ Inducement Warrants (if exercised)366,087Mar 31, 2026
+ Common Warrants (if exercised)312,503Mar 31, 2026
+ Private Placement Warrants (if exercised)203,444Mar 31, 2026
+ AR Warrants (if exercised)157,603Mar 31, 2026
+ January Two Thousand Twenty Six Private Placement Agent Warrants (if exercised)99,000Mar 31, 2026
+ Agents Warrants (if exercised)50,126Mar 31, 2026
+ Private Pre Funded Warrants (if exercised)46,232Mar 31, 2026
+ Registered Pre Funded Warrants (if exercised)42,381Mar 31, 2026
+ Two Thousand Twenty One Registered Direct Offering Warrants (if exercised)14,808Mar 31, 2026
+ Merger Warrants (if exercised)11,404Mar 31, 2026
+ Landlord Warrants (if exercised)1,316Mar 31, 2026
+ Warrant (if exercised)298Nov 30, 2017
Fully diluted estimate11.5M+12.9% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Registered offering capacity on live registrations: $26.4Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1Jun 29, 2026$3.3M registeredfiling →
S-3Feb 9, 2026$23.1M registeredfiling →
S-1Apr 11, 2025no structured fee exhibit in this filing (predates fee-data XBRL or fee deferred)filing →

Last 12 months: 9 executed · 2 registered.

EXECUTEDAug 11, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJul 28, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDJul 27, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
UPDATEJul 14, 2026Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEJul 13, 2026SEC declared a registration effective — selling can beginEFFECT
REGISTEREDJun 29, 2026S-1 registration — capacity to sell shares, not a sale yetS-1
EXECUTEDJun 16, 2026Shelf takedown priced — shares or notes (small-caps: usually shares; open the filing to confirm)424B5
EXECUTEDJun 5, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDApr 13, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
EXECUTEDApr 10, 2026Unregistered share sale disclosed (8-K item 3.02)8-K
UPDATEFeb 13, 2026Prospectus update — often a resale registration, not necessarily new capital424B3
EFFECTIVEFeb 13, 2026SEC declared a registration effective — selling can beginEFFECT

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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