Evaxion A/S (NASDAQ: EVAX) reports initial share and warrant holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Evaxion A/S filed an initial Form 3 showing its direct ownership in EVAX securities. The filing lists 129,139 Ordinary Shares held directly, plus multiple series of warrants over additional Ordinary Shares with different exercise prices and long-dated expirations.
Examples include warrants over 36,765 Ordinary Shares at an exercise price of 0.7400 expiring on 21 December 2026, and warrants over 46,100 Ordinary Shares at an exercise price of 0.0590 expiring on 31 January 2030. Several other warrant positions run through 2031 and 2036, illustrating Evaxion A/S’s combined equity and derivative exposure.
Positive
- None.
Negative
- None.
Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Evaxion A/S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Ordinary Shares | -- | -- | -- |
Holdings After Transaction:
Warrants — 36,765 shares (Direct);
Ordinary Shares — 129,139 shares (Direct)
Footnotes (1)
- Warrants pursuant to private placement that closed 12/21/2023. Warrants pursuant to public offering that closed 1/31/2025. Vesting is 1/12 per month over 21 months from the initial exercise date indicated.
FAQ
What does Evaxion A/S’s Form 3 for EVAX disclose?
The Form 3 discloses Evaxion A/S’s initial beneficial ownership in EVAX. It shows 129,139 Ordinary Shares held directly and several warrant positions over additional Ordinary Shares, each with specified exercise prices and expiration dates, outlining the company’s combined share and warrant exposure.
What warrant positions does Evaxion A/S report in its EVAX Form 3?
Evaxion A/S lists multiple warrant positions over Ordinary Shares, each with its own exercise price and expiration. Examples include 36,765 underlying shares at 0.7400 per share and 46,100 underlying shares at 0.0590 per share, plus several additional series extending out to 2036.
When do Evaxion A/S’s EVAX warrants expire?
The warrants disclosed have staggered expiration dates, ranging from 21 December 2026 to 31 December 2036. This spread creates a long-dated derivative profile, allowing potential future share acquisition over many years if the warrants are exercised under their stated terms.
What is the significance of the warrant footnotes in Evaxion A/S’s Form 3?
Footnotes explain that some warrants arose from a private placement that closed on 21 December 2023 and a public offering that closed on 31 January 2025. Another note describes vesting of certain warrants at one-twelfth per month over 21 months from the indicated initial exercise date.