Evaxion announces closing of $10.8 million public offering
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Evaxion Biotech A/S has successfully closed a $10.8 million public offering, issuing 3,997,361 American Depositary Shares and warrants for 50% of the ADSs at $2.71 per ADS.
January 31, 2025 | 9:15 pm
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Evaxion Biotech A/S completed a $10.8 million public offering, issuing nearly 4 million ADSs and warrants, potentially impacting its stock price.
The successful closing of a $10.8 million public offering indicates strong investor interest and provides Evaxion with additional capital. This can lead to positive sentiment and potential short-term stock price increase as the market reacts to the company's strengthened financial position.
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