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Evaxion Biotech Expands Capital Through ADS Offering

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Evaxion Biotech Expands Capital Through ADS Offering

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An update from Evaxion Biotech ( (EVAX) ) is now available.

On January 31, 2025, Evaxion Biotech A/S closed a public offering of nearly 4 million American Depositary Shares (ADSs) and warrants, significantly increasing its share capital. The company’s Articles of Association were amended to reflect these changes, including the grant of up to 1,998,675 warrants to purchase ADSs. This restructuring aims to bolster the company’s capital for future endeavors, potentially enhancing its market position and offering new opportunities for stakeholders.

More about Evaxion Biotech

Evaxion Biotech A/S is a company operating in the biotechnology industry, primarily focused on developing advanced software to enable the creation of novel immune therapies and vaccines.

YTD Price Performance: -34.28%

Average Trading Volume: 2,372,331

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $3.07M

See more insights into EVAX stock on TipRanks’ Stock Analysis page.

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