Certain Ordinary Shares of Evaxion A/S are subject to a Lock-Up Agreement Ending on 3-MAR-2025. These Ordinary Shares will be under lockup for 31 days starting from 31-JAN-2025 to 3-MAR-2025.

Details:
The officers and directors agreed with the Placement Agent to be subject to a lock-up period of TBD days following the date of closing of the offering pursuant to this prospectus. This means that, during the applicable lock-up period, they may not offer for sale, contract to sell, sell, distribute, grant any option, right or warrant to purchase, pledge, hypothecate or otherwise dispose of, directly or indirectly, any of ADSs or any securities convertible into, or exercisable or exchangeable for, ADSs, subject to customary exceptions.