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Evaxion Biotech to Convert Debt to Equity in Strategic Move
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Evaxion Biotech to Convert Debt to Equity in Strategic Move

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The latest announcement is out from Evaxion Biotech ( (EVAX) ).

Evaxion Biotech is in advanced discussions with the European Investment Bank (EIB) to convert €3.5 million of its €7 million loan into equity, enhancing its capital structure by $3.7 million. This strategic move is designed to ensure compliance with Nasdaq listing requirements, improve financial flexibility, and reduce liabilities, thereby strengthening Evaxion’s position in the financial community.

More about Evaxion Biotech

Evaxion Biotech A/S is a clinical-stage TechBio company that leverages its AI platform, AI-Immunology, to develop immunotherapies for cancer, bacterial diseases, and viral infections. With a focus on personalized vaccines, Evaxion aims to transform patient care by providing innovative treatment options for diseases with significant unmet needs.

YTD Price Performance: -84.69%

Average Trading Volume: 57,724

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $5.68M

See more data about EVAX stock on TipRanks’ Stock Analysis page.

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