Evaxion A/S Wins Shareholder Approval for Expanded Equity and Convertible Financing Powers

Tip Ranks
2026.04.22 11:28
portai
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Evaxion A/S received shareholder approval for expanded financing powers at its Annual General Meeting on April 16, 2026. Shareholders approved the 2025 audited annual report, re-elected four directors, and appointed a new board member. Amendments to the Articles of Association allow the company to issue up to DKK 11.9 million in warrants and raise DKK 73.5 million via convertible loan notes, enhancing financial flexibility but risking share dilution. Analysts rate EVAX stock as a Buy with a $9.00 price target, though concerns about cash generation and profitability persist.