Evaxion raises $2.1M in August ATM ADS sale

Evaxion A/S raised about $2.1 million via ATM ADS sales and increased its registered share capital, updating its Articles of Association accordingly.

Rhea-AI Filing Summary

Evaxion A/S (EVAX) reports that between August 19 and August 21, 2026, it sold 681,268 American Depositary Shares (ADSs) in an at-the-market offering under its Capital Demand Sales Agreement with JonesTrading at an average price of $3.1987 per ADS. After fees and expenses, net proceeds to the company were $2,113,767.

Each ADS represents 50 ordinary shares. In connection with these sales, Evaxion registered an aggregate share capital increase of nominal DKK 8,515,850, bringing total share capital to nominal DKK 112,768,539, effective August 24, 2026. The company amended its Articles of Association to reflect the increased share capital.

Key Figures

ADSs sold: 681,268 ADSs Average ADS sale price: $3.1987 per ADS Net proceeds from ADS sales: $2,113,767 +3 more

6 metrics

ADSs sold 681,268 ADSs Sold between August 19 and August 21, 2026 in an ATM offering

Average ADS sale price $3.1987 per ADS Average price for the 681,268 ADSs sold

Net proceeds from ADS sales $2,113,767 Proceeds to Evaxion after deducting fees and expenses

ADS-to-ordinary share ratio 1 ADS : 50 ordinary shares Each ADS represents fifty ordinary shares, DKK 0.25 nominal value

Share capital increase DKK 8,515,850 nominal Aggregate increase in share capital registered for the new shares

Total nominal share capital after increase DKK 112,768,539 Total share capital following registration effective August 24, 2026

Key Terms

American Depositary Shares, at-the-market (ATM) offering, Articles of Association, registration statements on Form F-1, +1 more

5 terms

American Depositary Shares financial

"the Company sold 681,268 American Depositary Shares (the “ADSs”)"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

at-the-market (ATM) offering financial

"The ADSs were sold in an at-the-market (ATM) offering"

An at-the-market (ATM) offering is a way for a publicly traded company to sell new shares directly into the open market over time at the current trading price, usually through a broker, rather than in one big sale. For investors it matters because it can provide flexible funding without a large one-time price shock, but it also increases the number of shares outstanding and can gradually reduce each shareholder’s ownership and potentially put downward pressure on the stock price—think of a shop quietly adding more of the same product onto the shelves at the going price.

Articles of Association regulatory

"The Company’s Articles of Association were amended"

A company's articles of association are its written rulebook that sets how the business is run, how decisions are made, and what rights owners and directors have—covering voting, meetings, appointment and removal of directors, share classes and dividend policies. For investors, these rules matter because they determine how easily control can change, what protections minority owners have, and how corporate actions (like issuing new shares or changing leadership) are approved, much like a home’s bylaws shaping what residents can and cannot do.

registration statements on Form F-1 regulatory

"registration statements on Form F-3 ... and Form F-1"

share capital financial

"aggregate increase in the Company’s share capital to nominal DKK 112,768,539"

Share capital is the total amount of money a company raises by selling pieces of itself, called shares, to investors. It’s like a company’s savings from many owners, which helps fund its growth and operations. This money matters because it shows how much the company has raised from shareholders and how it’s financed its business.

FAQ

What capital did Evaxion A/S (EVAX) raise in the August 2026 ATM sales?

Evaxion A/S raised $2,113,767 in net proceeds by selling 681,268 ADSs between August 19 and August 21, 2026, in an at-the-market offering under its Capital Demand Sales Agreement with JonesTrading.

At what price did Evaxion A/S (EVAX) sell the 681,268 ADSs?

The 681,268 ADSs were sold at an average price of $3.1987 per ADS in the at-the-market offering conducted between August 19 and August 21, 2026.

How many ordinary shares does each Evaxion (EVAX) ADS represent?

Each Evaxion ADS represents 50 ordinary shares of the company’s DKK 0.25 nominal value ordinary share capital.

How much did Evaxion’s (EVAX) nominal share capital increase from the August 2026 ADS issuance?

The ADS issuance corresponded to a nominal DKK 8,515,850 increase in Evaxion’s share capital, registered with the Danish Business Authority with an effective date of August 24, 2026.

What is Evaxion A/S’s total nominal share capital after the August 2026 increase?

Following registration of the new shares, Evaxion A/S’s total share capital is nominal DKK 112,768,539, reflecting the additional capital from the 681,268 ADSs issued.

Did Evaxion A/S (EVAX) change its Articles of Association in connection with the ATM sales?

Yes. Evaxion’s Articles of Association were amended as of August 2026 to reflect the registered share capital increase and are attached as Exhibit 1.1 to the report.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/04/2026 - 07:00 AM Accepted by SEC EDGAR 09/04/2026 - 07:00 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K 

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO SECTION 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of September 2026

Commission File Number: 001-39950

Evaxion A/S

(Exact Name of Registrant as Specified in Its Charter) 

Dr. Neergaards Vej 5f

DK-2970 Hoersholm

Denmark

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒            Form 40-F ☐

INCORPORATION BY REFERENCE

This report on Form 6-K shall be deemed to be incorporated by reference in Evaxion A/S’s (the “Company”) registration statements on Form S-8 (File No. 333-255064), on Form F-3 (File No. 333-265132), on Form F-1, as amended (File No. 333-266050), Form F-1 (File No. 333-276505), Form F-1 (File No. 333-279153), Form F-1 (File No. 333-283304), and Form F-3 (File No. 333- 285778), including any prospectuses forming a part of such registration statements and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.

Amendment to Articles of Association

During the period between August 19, 2026 and August 21, 2026, the Company sold 681,268 American Depositary Shares (the “ADSs”), representing the Company’s ordinary shares, DKK 0.25 nominal value with each ADS representing fifty (50) ordinary shares, at an average price of USD $3.1987 per ADS. The ADSs were sold in an at-the-market (ATM) offering pursuant to the terms and subject to the conditions contained in that certain Capital Demand™ Sales Agreement between the Company and Jones Trading Institutional Services LLC dated October 3, 2022. After deducting fees and expenses, net proceeds to the Company from the sales of the ADSs were $2,113,767.

In connection with such sales, the Company registered aggregate share capital increases of nominal DKK 8,515,850 with the Danish Business Authority, with effect date of August 24, 2026, corresponding to an aggregate increase in the Company’s share capital to nominal DKK 112,768,539 through the issuance of such 681,268 ADSs representing the Company’s ordinary shares.

The Company’s Articles of Association were amended as of August, to reflect these capital increases and are attached hereto as Exhibit 1.1.

Exhibits

Exhibit
No.		Description
1.1		Articles of Association

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Evaxion A/S
Date: September 4, 2026	By:	/s/  Dr. Helen Tayton-Martin
		Dr. Helen Tayton-Martin
		Chief Executive Officer

Filing Exhibits & Attachments

1 document

Other Documents

• EX-1.1 EXHIBIT 1.1 1.9 MB