Evaxion A/S filed a Form 6-K on November 4, 2026, disclosing the sale of 201,198 American Depositary Shares in an at-the-market offering between October 19 and October 21, 2026, and related amendments to its Articles of Association.

Key Highlights

  • Total ADSs sold: 201,198 ADSs were sold in aggregate across three trading days at an average price of USD $3.9714 per ADS.
  • Net proceeds: After deducting fees and expenses, net proceeds to the company were approximately $775,068, according to the filing.
  • Daily breakdown: 15,699 ADSs at $3.1533 on October 19; 170,426 ADSs at $4.0069 on October 20; and 15,073 ADSs at $4.4222 on October 21, 2026.
  • Share capital increase: The aggregate share capital increases totaled nominal DKK 2,514,975, raising the company's total share capital to nominal DKK 115,283,514.
  • Articles amended: The Company's Articles of Association were amended on October 20, October 21, and October 22, 2026 to reflect the capital increases.
  • Sales agreement: The ADSs were sold pursuant to a Capital Demand Sales Agreement with Jones Trading Institutional Services LLC dated October 3, 2022.

Evaxion ATM Offering Details and Share Capital Registration

According to the Form 6-K filed with the SEC on November 4, 2026, Evaxion A/S (NASDAQ:EVAX) completed the sale of 201,198 American Depositary Shares between October 19 and October 21, 2026. Each ADS represents fifty ordinary shares of the company, which carry a nominal value of DKK 0.25 each. The sales were conducted under an at-the-market offering arrangement governed by the Capital Demand Sales Agreement with Jones Trading Institutional Services LLC, originally dated October 3, 2022. Net proceeds to the company, after deducting fees and expenses, were reported as approximately $775,068.

The filing disclosed that the company registered three separate share capital increases with the Danish Business Authority corresponding to each day of sales. The first registration, with an effect date of October 20, 2026, reflected 784,950 ordinary shares at nominal DKK 196,237.50. The second, with an effect date of October 21, 2026, reflected 8,521,300 ordinary shares at nominal DKK 2,130,325. The third, with an effect date of October 22, 2026, reflected 753,650 ordinary shares at nominal DKK 188,412.50. Combined, these registrations represent an aggregate nominal share capital increase of DKK 2,514,975.

The company's Articles of Association were amended on each of the three effect dates to reflect the respective capital increases. The amended Articles of Association are attached as Exhibit 1.1 to the filing. The report was signed by Dr. Helen Tayton-Martin, Chief Executive Officer, on behalf of Evaxion A/S. The company also noted that this Form 6-K is incorporated by reference into several of its existing registration statements, including those on Form S-8, Form F-3, and multiple Form F-1 filings.

What Was Disclosed

Evaxion A/S reported the sale of 201,198 ADSs in an ATM offering from October 19 to 21, 2026, generating approximately $775,068 in net proceeds, and the registration of aggregate share capital increases of nominal DKK 2,514,975, bringing total share capital to nominal DKK 115,283,514.