VACC - Vaccitech to raise capital in secondary stock offering

Vaccitech (NASDAQ:VACC) plans to offer 2.16M shares represented by ADS offered by selling stockholders. The ADSs being offered were issued to the selling shareholders as part of the company acquisition of Avidea Technologies in December 2021. The company will receive no proceeds from sale of shares. Partial upfront consideration, including a portion of the ADSs issued to Avidea stockholders, has been reserved as an indemnity fund against which we may recover for indemnification claims.

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Vaccitech to raise capital in secondary stock offering