Evaxion A/S announced on July 11, 2025, the finalization of its agreement with the European Investment Bank (EIB) to convert debt into equity. EIB will convert €3.5 million of its €7 million loan to Evaxion into equity through the purchase of ordinary Evaxion warrants.
The warrants were purchased at a price of $4.87, which corresponds to a premium of 89% to the share price by market close on the previous day. This agreement immediately increases Evaxion’s equity by $4.1 million (€3.5 million).
The conversion significantly bolsters Evaxion’s capital structure, substantially reduces its overall liabilities, simplifies its balance sheet, and improves its financial flexibility and cash flow. This move is a key element in the company's financial management strategy.
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