Evaxion Announces Business Update and First Quarter 2024 Financial Results

On May 7, 2024, the Company received a Nasdaq equity deficiency letter. This deficiency is partly a consequence of the IFRS accounting treatment of the Company's investor warrants requiring treating these as a derivative liability, hence reducing shareholder's equity. The derivative liability treatment is the result of the Company's investor warrant's exercise price being in USD while the Company's share capital is in DKK. As communicated on May 24, the Company has subsequently agreed with the investor warr ...