GlobeNewswire·Nov 9, 2026, 8:00 AM ET

Evaxion files amendment to registration statement related to 2025 EIB debt settlement agreement

Evaxion A/S filed an amendment to its Form F-1 registration statement with the US SEC regarding its July 2025 debt settlement agreement with the European Investment Bank (EIB).
The registration statement solely concerns the potential resale by EIB of shares issuable upon exercise of warrants received from converting €3.5 million of a €7 million loan into equity.
Evaxion is not conducting a capital raise & will not receive any proceeds from the sale of ordinary shares by the selling shareholder (EIB).
The original July 2025 agreement converted €3.5 million of debt into warrants for 38,450,000 ordinary shares at an effective conversion price of $4.87 per ADS, representing an 89% premium to the July 10, 2025 market close price.
Evaxion received a partial debt cancellation of €3.5 million & may receive up to an additional DKK 9,612,500 (approximately $1.5 million) in gross proceeds from warrant exercises under the agreement.
The July 2025 deal increased Evaxion's equity by $4.1 million (€3.5 million), reduced overall liabilities, simplified the balance sheet, & improved financial flexibility & cash flow.
The registration statement has not yet become effective & no securities may be sold prior to its effectiveness.