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T3 Defense ( (DFNS) ) has issued an announcement.
On April 10, 2026, Water IO Ltd., controlled by T3 Defense Inc. via Star 26 Capital, completed the sale of 100% of Zorro Net Ltd. to BiomX Inc. in exchange for 1.3 million BiomX common shares and a $1.25 million promissory note. BiomX also assumed obligations toward Zorronet’s founders, including a performance-based earnout tied to 2026 results and commitments to retain key personnel.
Following the transaction, Water IO now holds about 16.57% of BiomX’s outstanding common stock, and T3 Defense, through its 67% interest in Water IO, indirectly benefits from this strategic equity position. The deal shifts T3 Defense’s exposure from direct ownership of an AI defense technology asset to a sizable stake in BiomX, potentially reshaping its portfolio mix and influence across related technology markets.
More about T3 Defense
T3 Defense Inc., through its wholly owned subsidiary Star 26 Capital Inc., holds a controlling stake of about 67% in Water IO Ltd., an Israeli public company listed on the Tel Aviv Stock Exchange. Water IO, in turn, had fully owned Zorro Net Ltd., an Israeli artificial intelligence defense technology firm focused on computer vision and autonomous surveillance for military, homeland security and critical infrastructure clients.
Average Trading Volume: 1,876,740
Technical Sentiment Signal: Strong Sell
Current Market Cap: $16.05M
Find detailed analytics on DFNS stock on TipRanks’ Stock Analysis page.