Evaxion finalizes agreement with EIB to convert debt into equity
Evaxion and the European Investment Bank (EIB) have finalized a debt settlement agreement of €3.5 million out of Evaxion’s €7 million loan with EIB, to be used for EIB to purchase €3.5 million worth of ordinary Evaxion warrantsEIB will purchase the warrants at a price of 4.1 million (€3.5 million)Further, the agreement also substantially reduces Evaxion’s overall liab ...