BiomX buys 10% stake in Motomea for $50,000 cash, plans 1,300,000 restricted shares issuance

Reuters2026/08/05 12:45

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BiomX bought a 10% stake in Motomea, an electric motor testing and validation systems developer focused on drone propulsion.
Deal terms include USD 50,000 cash payment, with a plan to issue 1,300,000 restricted shares to Motomea’s majority owner.
Share issuance is subject to regulatory clearance and NYSE approval.
BiomX also secured an option to acquire control of Motomea, subject to due diligence.
Option pricing would be based on 2x 2027 net revenue, 4x 2028 EBITDA, then multiplied by 90%.

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: 202608050845PRIMZONEFULLFEED9804181) on August 05, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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BiomX buys 10% stake in Motomea for $50,000 cash, plans 1,300,000 restricted shares issuance

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