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Convertible Debt Instruments (Tables) - Convertible debt instruments

12 Months Ended

Dec. 31, 2020

Disclosure of detailed information about borrowings [line items]

Schedule of changes in the convertible debt instruments

		Convertible loans
		(USD in thousands)
Carrying amount at January 1, 2018		$	—
Amount received in 2018			7,998
Fair value adjustment included in finance expenses			684
Currency adjustment			(113)
Carrying amount at December 31, 2018			8,569
Amount received in 2019			152
Fair value adjustment included in finance expenses			1,183
Currency adjustment			(209)
Converted to equity during 2019			(9,695)
Carrying amount at December 31, 2019		$	—

Schedule of inputs used in the valuation of convertible debt instruments

		Assumption
		applied
DKK/USD exchange rate			0.154
Discount rate			Convertible Debt 1 – 39	%
			Convertible Debt 2 – 25	%
Probability of a qualifying financing event taking place			95	%
Evaxion share price		$	207

Schedule of sensitivity analysis of the convertible debt instruments

		Impact on			Impact on
		Convertible Debt 1			Convertible Debt 2
		(USD in thousands)
Exchange rate increased by 5%		$	(48)		$	(272)
Exchange rate decreased by 5%		$	48		$	272
Discount rate decreased by 3%		$	(24)		$	(85)
Financing Event probability decreased by 25%		$	(100)		$	(40)
Share price increased by 10%		$	(10)		$	(39)
Share price decreased by 10%		$	10		$	39

X

- Definition

The disclosure of detailed information about borrowings. [Refer: Borrowings]

+ References

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-IssueDate 2020-01-01
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- Definition

The disclosure of the sensitivity analysis of the fair value measurement of liabilities to changes in unobservable inputs.

+ References

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- Definition

The disclosure of significant inputs for which market data are not available and that are developed using the best information available about the assumptions that market participants would use when measuring the fair value of liabilities.

+ References

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