Evaxion A/S sold 681,268 ADSs at an average $3.1987 per ADS, generating $2,113,767 in net proceeds. The transaction increased registered Share Capital by nominal DKK 8,515,850, bringing total capital to nominal DKK 112,768,539 and giving investors a clear measure of the capital raised and shares issued.

Key Highlights

  • The ADSs were sold at an average price of $3.1987 each.
  • Evaxion A/S registered a nominal DKK 8,515,850 increase in share capital effective August 24, 2026.
  • The amended articles show nominal DKK 112,768,539 of share capital divided into 451,074,156 shares.

The sales increased the company’s registered share capital by nominal DKK 8,515,850. The resulting aggregate share capital reached nominal DKK 112,768,539, with the increase taking effect on August 24, 2026.

ATM Sales Generate Cash

Net proceeds after fees and expenses amounted to $2,113,767. The company stated that those proceeds went to Evaxion A/S (NASDAQ: EVAX).

Registered Capital Expands

The registered capital increase of nominal DKK 8,515,850 corresponds to the issuance of the 681,268 ADSs sold during the ATM offering. The amended articles list total share capital of nominal DKK 112,768,539. That capital is divided into 451,074,156 shares, each carrying a nominal value of DKK 0.25. The articles state that the shares are non-negotiable instruments and that no share carries special rights.

Articles Set Capital Framework

The articles authorize the board, until April 15, 2029, to issue warrants allowing subscriptions for shares with an aggregate nominal value of up to DKK 11,900,000. The authorization covers board members, executive management and key employees of Evaxion A/S or its subsidiaries. The warrant-related authorization allows share capital increases without pre-emptive rights for existing shareholders. The articles state that Warrant exercise prices are to be set by the board at market price.