Evaxion announces pricing of $10.8 million public offering
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Evaxion Biotech A/S has announced a $10.8 million public offering, pricing 3,997,361 American Depositary Shares (ADSs) and accompanying warrants at $2.71 per ADS. Each warrant allows the purchase of 50% of the ADSs offered.
January 30, 2025 | 1:15 pm
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Evaxion Biotech A/S has announced a public offering of $10.8 million, pricing its ADSs at $2.71 each. This move could lead to short-term stock price volatility as the market reacts to the dilution and potential capital influx.
The announcement of a public offering typically leads to short-term stock price volatility due to potential dilution of existing shares. The offering price of $2.71 per ADS may also influence investor sentiment. However, the capital raised could support future growth, partially offsetting negative impacts.
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