BiomX signs LOI to buy 60% stake in Tsoock Defense Technologies for $10.4 million
BiomX Inc.
BiomX Inc. PHGE | 0.00 |
- BiomX entered a non-binding LOI to buy a 60% controlling stake in Israel-based Tsoock Defense Technologies for USD 10.4 million.
- Terms include USD 300,000 upfront, with USD 10.1 million paid in four quarterly installments over 12 months.
- The LOI includes an option to acquire the remaining 40% for USD 9.2 million within 36 months of closing.
- Tsoock, a security infrastructure and systems integration contractor, reported 2025 revenue of about NIS 13.1 million, up from NIS 7.7 million.
- BiomX aims to add secure-site installation and integration capabilities to support deployment of its command-and-control and detection technologies.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. BiomX Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607080705PRIMZONEFULLFEED9758928) on July 08, 2026, and is solely responsible for the information contained therein.
