Evaxion (NASDAQ: EVAX) AGM to vote on board, warrants and convertible notes
Rhea-AI Filing Summary
Evaxion A/S has called its annual general meeting for 16 April 2026 at 14:00 (CEST) in Hørsholm, Denmark and circulated the agenda and proxy materials. Shareholders will vote on approval of the audited 2025 annual report, carryforward of the year’s loss, re-election of four current directors, and election of Jens Bitsch‑Nørhave as a new board member. They will also vote on re‑appointment of EY as auditor.
The board proposes expanding its warrant authorization so it may issue warrants with a total nominal share capital of up to DKK 11,900,000 and related share capital increases without pre‑emptive rights, at market-based exercise prices. It also seeks a new authorization to issue convertible loan notes allowing conversion into shares with a total nominal capital increase of up to DKK 73,500,000, again without pre‑emptive rights, at prices aligned with the listed market price. The company’s current nominal share capital is DKK 104,252,689, corresponding to 417,010,756 shares of DKK 0.25 each, each share carrying one vote at the meeting.
Positive
- None.
Negative
- None.
Insights
AGM adds sizable warrant and convertible authorizations that could enable future equity-linked financing.
The meeting asks shareholders to significantly expand tools for equity-based incentives and financing. The warrant authorization would allow issuances tied to up to
The proposed convertible loan note authorization covers potential capital increases up to nominal
Board composition remains broadly stable, with four incumbents up for re‑election and one new director candidate bringing additional dealmaking and corporate development experience. Actual impact on existing shareholders will hinge on how extensively the warrant and convertible capacities are used after
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 March, 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 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.
Furnished as Exhibit 99.1 to this Report on Form 6-K is the convening notice for the Annual General Meeting (the “Meeting”) of Evaxion A/S (the “Company”), to be held on April 16, 2026 at 14:00 (CET). Furnished as Exhibit 99.2 to this Report on Form 6-K is the form of Proxy for the Company’s Annual General Meeting.
Exhibits
| Exhibit | ||
| No. | Description | |
| 99.1 | Notice of Annual General Meeting 16 April 2026 | |
| 99.2 | Registration Proxy and Voting by Correspondence from Annual General Meeting 2026 | |
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: March 19, 2026 | By: | /s/ Helen Tayton-Martin |
| Helen Tayton-Martin | ||
| Chief Executive Officer | ||
Exhibit 99.1
19 March 2026
Notice of annual general meeting
Evaxion a/S
16 april 2026 at 14:00 (CEST)
The board of directors hereby convenes the annual general meeting of Evaxion A/S, company registration (CVR) no. 31 76 28 63 (the "Company"), to be held on
16 APRIL 2026 AT 14:00 (CEST)
at Evaxion A/S, Dr Neergaards Vej 5F, 2970 Hørsholm, Denmark.
AGENDA
| 1. | Election of the chairman of the meeting |
| 2. | The board of directors' report on the Company’s activities in the past year |
| 3. | Presentation of the audited annual report for adoption |
| 4. | Resolution on the allocation of profit or coverage of loss, cf. the adopted annual report |
| 5. | Election of members to the board of directors |
| 6. | Election of auditor |
| 7. | Any motion from the board of directors and/or the shareholders |
| 8. | Proposal to authorize the chairman of the meeting |
| 9. | Miscellaneous |
COMPLETE PROPOSALS
| 1. | Election of the chairman of the meeting |
The board of directors proposes that attorney-at-law Lars Lüthjohan be elected as chairman of the general meeting.
| 2. | The board of directors' report on the Company’s activities in the past year |
Chairman Marianne Søgaard will report on the Company’s activities for the year ended December 31, 2025.
| 3. | Presentation of the audited annual report for adoption |
The board of directors recommends that the Company's audited annual report for the financial year 2025 be approved. The audited annual report is available on the Company's website.
| 4. | Resolution on the allocation of profit or coverage of loss, cf. the adopted annual report |
The board of directors proposes that the loss be carried forward to the next financial year.
| 5. | Election of members to the board of directors |
The board of directors currently consists of the following members: Marianne Søgaard (chairman), Lars Holtug, Lars Aage Staal Wegner and Roberto Prego Pineda .
The board of directors proposes the re-election of Marianne Søgaard, Lars Holtug, Lars Aage Staal Wegner and Roberto Prego Pineda.
Furthermore, the board of directors proposes that Jens Bitsch Nørhave is elected as new member of the board of directors. Jens Bitsch-Nørhave has served as an adviser and observer to the board of directors with the intention of seeking election as a board member at the Annual General Meeting in 2026, so that, if decided by the shareholders, the board of directors will consist of the following members:
Marianne Søgaard (chairman)
Jens Bitsch-Nørhave
Lars Holtug
Lars Aage Staal Wegner
Robert Prego Pineda
A description of the proposed candidates’ qualifications, hereunder information about similar positions possessed by the candidates at the time of the annual general meeting can be found in appendix 1 attached hereto.
| 6. | Election of auditor |
The board of directors proposes that EY Godkendt Revisionspartnerselskab, CVR no. 30 70 02 28, be re-elected as the auditor of the Company.
| 7. | Any motion from the board of directors and/or the shareholders |
7a – Proposal from the board of directors – proposal to authorize the board of directors to issue warrants
The board of directors proposes to amend the articles of association by increasing the current authorization in article 2.5 of the articles of association to issue warrants to members of the company's board of directors and executive management as well as key-employees of the company or its subsidiaries entitling the holder to subscribe for shares for a total of up to nominal value of DKK 6,857,257 without pre-emptive subscription rights for the company's shareholders, calculated as of the date of this convening notice up to nominal DKK 11,900,000. The board of directors specifically proposes that the existing authorization in article 2.5 is amended as follows:
“The board of directors is until 15 April 2029 authorized at one or more times to issue warrants to members of the company's board of directors and executive management as well as key-employees of the company or its subsidiaries entitling the holder to subscribe for shares for a total of up to nominal value of DKK 11,900,000 without pre-emptive subscription rights for the company's shareholders. The exercise price for the warrants issued according to this authorization shall be determined by the board of directors at market price. The board of directors shall determine the terms for the warrants issued and the distribution hereof.
At the same time, the board of directors is authorized until 15 April 2029 at one or more times to increase the company's share capital with up to nominal value of DKK 11,900,000 without pre-emptive rights for the company's shareholders by cash payment in order to implement the capital increase related to exercise of warrants. In accordance with this clause the board of directors may increase share capital with a minimum nominal value of DKK 0.25 and a maximum nominal value of DKK 11,900,000.
The shares issued based on exercise of warrants shall be non-negotiable instruments issued in the name of the holder and registered in the name of the holder in the company's register of shareholders. The shares shall be subject to the same restrictions on transferability as the existing shares of the company and no shareholder shall be obliged to have the shares redeemed fully or partly. No partial payment is allowed. The shares shall be with the same rights as the existing share capital and shall not belong to a specific share class. The shares shall give rights to dividends and other rights in the company from the time of registration of the capital increase with the Danish Business Authority.”
7b – Proposal from the board of directors – proposal to authorize the board of directors to obtain loans against issuance of convertible loan notes
The board of directors proposes to replace the lapsed authorization in article 3.3 of the articles of association with a new authorization to obtain loans against issuance of convertible loan note which gives the right to subscribe for shares for a total of up to nominal value of DKK 73,500,00 without pre-emptive subscription rights for the company's shareholders. The board of directors specifically proposes that an updated authorization in article 3.3 is adopted as follows:
“The board of directors is until 15 April 2031 authorized at one or more times to obtain loans against issuance of convertible loan notes which give the right to subscribe for shares for a total of up to nominal value of DKK 73,500,000 without pre-emptive subscription rights for the company's shareholders. The conversion shall be carried out at a price that corresponds in aggregate to at least the market price at the time of the decision of the board of directors. Shares shall be considered issued at market price if the shares are issued at +/-10% of the listed price for the company’s shares on a relevant stock exchange in Europe or the USA. The loans shall be paid in cash. The terms and conditions for the convertible loan notes shall be determined by the board of directors.
As a consequence of the conversion of the convertible loan notes, the board of directors is authorized until 15 April 2031 to increase the share capital by a nominal value of up to DKK 73,500,000 by conversion of the convertible loan notes. The company's shareholders shall not have pre-emptive rights to subscribe for shares issued by conversion of the convertible loan notes The shares issued based on convertible loan notes shall be non-negotiable instruments issued in the name of the holder and registered in the name of the holder in the company's register of shareholders. The shares shall be subject to the same restrictions on transferability as the existing shares of the company and no shareholder shall be obliged to have the shares redeemed fully or partly. No partial payment is allowed. The shares shall be with the same rights as the existing share capital and shall not belong to a specific share class. The shares shall give rights to dividends and other rights in the company from the time of registration of the capital increase with the Danish Business Authority.”
| 8. | Proposal to authorize the chairman of the meeting |
The board of directors proposes to authorize the chairman of the meeting (with a right of substitution) on behalf of the Company to apply the Danish Business Authority for registration of the resolutions passed by the General Meeting and in this connection to make any such amendments to the documents prepared for such resolutions that may be required for registration with the Danish Business Authority.
| 9. | Miscellaneous |
Hørsholm, Denmark, 19 March 2026
The board of directors of Evaxion A/S
Marianne Søgaard
Chairman of the board of directors
Further information
Adoption requirements
The proposals contained in items 1-6 and 8 may be adopted by a simple majority of the votes cast.
The proposal under the agenda’s item 7a and 7b may be adopted by a majority of not less than two thirds of all votes cast and of the share capital represented at the general meeting.
Share capital and voting rights
The Company's nominal share capital currently amounts to DKK 104,252,689 divided into 417,010,756 shares of DKK 0.25 nominal value. At the annual general meeting, each share carries one vote.
The right of a shareholder to attend the annual general meeting and to vote in respect of his/her shares is determined on the basis of the shares held by the shareholder at the record date. The shareholdings and voting rights are calculated on the basis of entries in the register of shareholders and any notice of ownership received by the Company for the purpose of registration in the register of shareholders.
The record date is 9 April 2026.
Furthermore, participation is conditional upon the shareholder having timely notified the Company of his/her attendance as described below.
Attendance and admission
Shareholders, proxies and any accompanying advisor wishing to attend the annual general meeting in person must have an admission card. Admission cards may be ordered on the website of Computershare A/S: www.computershare.com.
Admission cards must be ordered no later than 14 April 2026 at 23:59 (CEST).
Proxy
Shareholders can vote by proxy no later than 14 April 2026 at 23:59 (CEST).
The proxy can be submitted in writing by using the proxy form which is attached to the convening notice and can be downloaded from the Company's website: www.evaxion.ai. If the form is used, it must be completed, signed and forwarded to Computershare A/S, Lottenborgsvej 26 D, 1st floor, DK-2800 Kgs. Lyngby, Denmark, by mail. Computershare must receive completed proxy forms no later than 14 April 2026 at 23:59 (CEST).
Proxies may also be granted electronically on the website of Computershare, www.computershare.dk, by using a Computershare username and password. Usernames and passwords will be sent to all shareholders by email. Electronic proxies must be granted no later than 14 April 2026 at 23:59 (CEST).
Votes by correspondence
Shareholders can vote by correspondence no later than 15 April 2026 at 11:59 (CEST).
The vote by correspondence can be submitted in writing by using the correspondence form which is attached to convening notice and can be downloaded from the Company's website: www.evaxion.ai. If the form is used, it must be completed, signed and forwarded to Computershare A/S, Lottenborgsvej 26 D, 1st floor, DK-2800 Kgs. Lyngby, Denmark, by mail.
Electronic voting
It is also possible to vote electronically on the website of Computershare A/S, www.computershare.dk, by using a Computershare username and password.
Additional information
On the Company's website, www.evaxion.ai, the following information is available:
| − | The notice convening the annual general meeting (the agenda/the complete proposals) |
| − | The annual report 2025 |
| − | The proxy and vote by correspondence form |
| − | Information about the nominated candidates to the board of directors (Appendix 1) |
The convening notice will also be forwarded in writing to all shareholders recorded in the register of shareholders who have requested such notification.
The annual general meeting will be conducted in English according to section 4.8 of the Company's articles of association.
APPENDIX 1
Information about the proposed candidates
The information on the following pages describes the competencies and directorships with other Danish and foreign listed and unlisted companies and organizations as disclosed by the board member candidates.
Marianne Søgaard
Chairman
Marianne Søgaard (born 1968, Danish nationality) has been a member of the board of directors of the Company since 2020 and is the chairman of the board of directors. Marianne Søgaard joined the Company in 2018 as an executive and legal advisor and in November 2020 she was elected and became the chairman of the board of directors.
In 1996, Marianne Søgaard joined Kammeradvokaten/Law Firm Poul Schmith where she worked for more than 20 years as a lawyer, primarily working with technology and processes to acquire technology solutions. For more than 17 years, Ms. Søgaard was a partner at Kammeradvokaten/Law Firm Poul Schmith and from January 2014 to March 2017 she served on the board of directors of the law firm.
In 2022, Marianne Søgaard was appointed member of Statens IT-Råd.
Marianne Søgaard received her Master of Law degree from Aarhus University in 1993.
Current directorships in other companies:
| − | Garbanzo ApS |
| − | Altapay A/S |
| − | PiiGuard |
| − | Svend Jansen A/S |
Lars Holtug
Board member
Lars Holtug (born 1958, Danish nationality) has been a member of the board of directors of the Company since 2021.
Mr. Holtug was a partner at PricewaterhouseCoopers Statsautoriseret Revisionspartnerselskab (PwC), from 1993 to 2015.
Previously, Mr. Holtug was Chairman of PwC in Denmark from 2005 to 2009. From 2004 to 2015, Mr. Holtug was a member of the Danish Commercial Appeals Board (Erhvervsankenaevnet) and a board member of the Danish Company law association (Dansk Forening for Selskabsret). He was also a member of the Accounting Standards Board of the Federation of State Authorized Accountants in Denmark (Foreningen af Statsautoriserede Revisorer) from 1998 to 2002, and a member of the Auditing Standards Board from 1993 to 1998.
Mr. Holtug holds an M.Sc. from Copenhagen Business School and is educated as a state authorized public accountant in Denmark.
Current directorships in other companies:
| - | Erhvervsinvest Management (chairman) |
| - | Gaming Investment A/S (including subsidiaries) (chairman) |
| - | Caretag (chairman) |
| - | Ascendis Pharma A/S (quoted Nasdaq US), including Chairman Audit Committee and member Remuneration Committee. |
| - | LH2022 ApS |
Lars Aage Staal Wegner
Board member
Lars Aage Staal Wegner (born 1974, Danish nationality) was elected to the board of directors of the Company in 2024. Lars Aage Staal Wegner was CEO of the Company in the period from 2017 – 2023.
Lars Aage Staal Wegner started his career in 2002 as a medical clinical practitioner before joining Pfizer, Denmark and Pfizer European Oncology team in 2006 as a Brand Manager Oncology, Medical Advisor Oncology. In 2007, Lars Aage Staal Wegner joined Bavarian Nordic, Denmark, as Director Global Business Development and Commercial Affairs. In 2010, Lars became Vice President, Global Business Development and Commercial Affairs of Bavarian Nordic until joining Evaxion in 2017.
Lars was in 2023 a founding general partner of Bristlecone Pacific Venture, a venture fund.
Lars Aage Staal Wegner is M.Sc. in Medicine (2001, University of Southern Denmark). He has attended a Senior Executive Program at IMD and Leadership and Decision-Making Programs at Harward Business School.
Current board directorships in other companies:
− Turbine (Chairman)
− Pll Guard (Chairman)
− Qlife
− Hudson Nordic
Roberto Prego Pineda
Board member
Roberto Prego (born 1970, Venezuela and USA nationality) has been a member of the board of directors of the Company since 2018.
Roberto Prego has over 20 years of pharmaceutical experience and was one of our first outside investors. Mr. Prego was with Teva Venezuela as its General Manager from 1998 to 2012 and as head of the Latin American Region for Teva from 2011 to 2015. Since 2015, he has served as the General Manager of Viax Dental Technologies, a research and development venture firm in the dental field.
Roberto Prego has a B.Sc. in Economics from Universidad Católica Andrés Bello in Caracas, Venezuela and an MBA from Fuqua School of Business at Duke University.
Mr. Prego currently does not have any directorships in other companies.
Jens Bitsch-Nørhave
New board member
Jens Bitsch-Norhave is a dynamic life science executive with more than 25 years of leadership experience in biotech and pharma, specializing in corporate strategy, global expansion, and dealmaking. He is Corporate Vice President and Global Head of Corporate Development at Hengrui Pharmaceuticals, where he leads a 35+ member international team responsible for strategy, business development, licensing, M&A, and alliance management, advancing the company’s globalization and growth.
Previously, he held senior leadership roles at Johnson & Johnson, including Vice President of Transactions & Innovation Partnering at J&J Innovation, where he drove partnering strategy and executed global oncology transactions. Earlier, he built the business development function for J&J Global Public Health, creating innovative partnership models to expand access to healthcare worldwide.
With a strong track record of shaping corporate strategies, executing transformative transactions, mentoring CEOs, advising boards, and leading global organizations, he brings a unique perspective at the intersection of science, business, and global healthcare. Jens holds an MSc and PhD in Neuropharmacology from the University of Copenhagen and an Executive MBA in Technology & Innovation from Copenhagen Business School.
Mr. Nørhave currently does not have any directorships in other companies.
Exhibit 99.2
| Name and address: | This form must be returned to: | ||
| Computershare A/S | |||
| Lottenborgvej 26D | |||
| DK-2800 Kgs. Lyngby | |||
| VP account number: | Denmark | ||
Request admission card
Admission cards may be requested and proxies nominated electronically via the Evaxion A/S shareholder portal, please click here (https://portal.computershare.dk/portal/index.asp?page=login&asident=EVB63&lan=EN).
Alternatively, you may complete and send the form to Computershare A/S via email to gf@computershare.dk or by post no later than 14 April 2026 at 11:59 pm (CEST).
If you submit your request for an admission card electronically, you will receive a confirmation instantly. PLEASE TICK:
☐ I wish to attend the general meeting and hereby request an admission card.
☐ I also request an admission card for a companion/advisor:
| Name and address (please use capital letters) |
Nomination of proxy and voting by correspondance
Please complete the proxy and vote by correspondence form separately. Nomination of proxy and voting by correspondence can also be submitted electronically via Evaxion A/S shareholder portal Evaxion A/S (computershare.dk)(https://portal.computershare.dk/portal/index.asp?page=login&asident=EVB63&lan=EN).
Proxy votes must be submitted no later than Tuesday 14 April 2026 at 11:59 pm (CEST). Votes by correspondence must be submitted no later than Wednesday 15 April 2026 at 11:59 am (CEST).
| Date | Signature |
| Name and address: | This form must be returned to: | ||
| Computershare A/S | |||
| Lottenborgvej 26D | |||
| DK-2800 Kgs. Lyngby | |||
| VP account number: | Denmark | ||
Nomination of proxy/voting by correspondence: If you are unable to attend, you may vote by correspondence or appoint a person as your proxy to represent you at the general meeting.
PLEASE TICK ONLY ONE BOX:
| ☐ | I hereby give proxy to the chairman of the Board of Directors Evaxion A/S, or a substitute duly appointed by him, to vote on my/our behalf at the general meeting. | |
| ☐ | I hereby give proxy to: | |
| Name and address (please use capital letters) | ||
| to vote on my/our behalf at the general meeting. | ||
| ☐ I also request an admission card to an advisor of the proxy holder: | ||
| Name and address (please use capital letters) | ||
| ☐ | Proxy instructions. In the table below, I have indicated how I wish to vote at the general meeting. Please note that this proxy will only be used if a vote is requested by a third party. | |
| ☐ | Voting by correspondence. In the table below, I have indicated how I wish to vote at the general meeting. Please note that votes by correspondence cannot be withdrawn, and that they will also be used in case of proposed amendments to the items on the agenda. | |
Please indicate your instructions to your proxy by ticking the relevant boxes below. If your proxy is given to the Board of Directors, and if you do not tick any of the boxes, the Board of Directors will vote or abstain from voting at its discretion on the basis of your instrument of proxy.
|
Items on the agenda of the Annual General Meeting on 16 April 2026 (short version, for complete agenda please refer to the notice) |
FOR |
AGAINST |
ABSTAIN |
Recommendation of the Board of Directors |
| 1. Election of the chairman of the meeting | For | |||
| 2. The board of directors' report on activities of the Company in the past year | ||||
| 3. Presentation of the audited annual report for adoption | For | |||
| 4. Resolution on the allocation of profit or coverage of loss, cf. the adopted annual report | For | |||
| 5. Election of members to the board of directors | ||||
| Re-election of Marianne Søgaard (chairman) | For | |||
| Election of Jens Bitsch-Nørhave | For | |||
| Re-election of Lars Holtug | For | |||
| Re-election of Lars Aage Staal Wegner | For | |||
| Re-election of Roberto Prego Pineda | For | |||
| 6. Election of auditor | ||||
| Re-election of EY Godkendt Revisionspartnerselskab, CVR no. 30700228 | For | |||
| 7. Any motion from the board of directors and/or the shareholders | ||||
| 7a The board of directors proposes to authorize the board of directors to issue warrants | For | |||
| 7b The board of directors proposes to authorize the board of directors to obtain loans against issuance of convertible loan notes | For | |||
| 8. Proposal to authorize the chairman of the meeting | For | |||
| 9. Miscellaneous |
If you do not indicate the type of proxy you wish to use, you will be considered to have given proxy instructions. Please note that this proxy will only be used if a vote is requested by a third party.
| Date | Signature |
FAQ
What is Evaxion (EVAX) asking shareholders to approve at the April 2026 AGM?
How large are the new warrant and convertible authorizations Evaxion (EVAX) is proposing?
What is Evaxion’s (EVAX) current share capital and voting structure?
Who are the board candidates at Evaxion’s (EVAX) 2026 annual meeting?
How can Evaxion (EVAX) shareholders participate and vote at the April 2026 AGM?
What voting thresholds apply to Evaxion’s (EVAX) warrant and convertible proposals?
Filing Exhibits & Attachments
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