Evaxion Biotech (EVAX) announces pricing of $10.8 million public offering

Go back to Evaxion Biotech (EVAX) announces pricing of $10.8 million public offering

Evaxion announces pricing of $10.8 million public offering

January 30, 2025 8:00 AM EST

COPENHAGEN, Denmark, January 30, 2025 - Evaxion Biotech A/S (NASDAQ: EVAX) (Evaxion), a clinical-stage TechBio company specializing in developing AI-Immunology powered vaccines, today announced the pricing of a public offering of an aggregate of 3,997,361 of its American Depositary Shares (ADSs) and warrants to purchase up to 50% of the ADSs offered at a combined public offering price of $2.71 per ADS with one accompanying warrant for each two ADSs.

MSD Global Health Innovation Fund, a corporate venture capital arm of Merck & Co., Inc., Rahway, NJ, USA, who became an Evaxion shareholder in December 2023, is also... More