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Veraxa Biotech AG - Post de-SPAC logo
VRXA$1.01-1.94%

Veraxa Biotech AG - Post de-SPAC

Sector: Pharmaceutical PreparationsIndustry: BiotechnologyCountry: DEExchange: Nasdaq

Mkt Cap$142.82M
Float & O/S
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DilutionScan read 26 of Veraxa Biotech AG - Post de-SPAC's SEC filings and found 3 warrant series, 1 convertible, 1 equity line, 2 S-1 registrations and 3 completed offerings on file for VRXA. The latest dilution event on file is a registration statement on Aug 6, 2026. Analysis updated Oct 6, 2026.

Signal8 Summary

VRXA

Pre-revenue biotech securing cash runway

Snapshot

Veraxa Biotech is a clinical-stage company developing cancer therapies. Following its merger with Voyager Acquisition Corp, the company reported a FY 2025 net loss of CHF 66.6 million, largely due to CHF 52.7 million in stock-based compensation.

What's Happening Right Now

  • : VRXA issued a business update outlining a strategic pivot to focus resources on its proprietary BiTAC platform and monetize non-core assets to fund growth.
  • : The company partnered with ATUM to initiate cell line development for its lead BiTAC-TCE program, aiming to advance the candidate toward regulatory submission.
  • : VRXA expanded its R&D hub in Heidelberg, Germany, increasing laboratory space by over 60% to support its advancing programs.
  • : The company established proof-of-concept for its BiTAC-ADC technology platform, demonstrating the ability to discriminate between cancer and healthy cells.

Raise routes on file: effective S-1 + active equity line · latest dilution event 89 days ago

Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need

AI dilution summary

The dominant contractual driver and its mechanism, then each further driver ranked.

Latest dilution event

Aug 6, 2026 · Registration

How we read filings

Every warrant, convertible, ATM and shelf, cited to the filing

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Share count and cash history

Shares outstanding, potential dilution and cash over time

S-1 · 2

What is this?

Size, shares registered and dates with Pro

S-1 · primary and resale

Issued 2026

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

S-1 · resale registration

Issued 2026

Effective

Proposed maximum

Shares registered

Filed
Effective
Filing link and full terms

Warrants · 3

What is this?

Exercise price, shares and dates with Pro

Public Warrants (former SPAC Public Warrants, VRXAW)

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Private Warrants (former SPAC Private Placement Warrants)

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Warrant

Issued 2026

Outstanding

Shares Underlying

Exercise Price

Outstanding
Type
Anti-Dilution
Cashless Exercise
Expiration
Filing link and full terms

Convertibles · 1

What is this?

Principal, conversion terms and dates with Pro

Convertible

Outstanding

Principal

Conversion Price

Remaining principal
Shares on conversion
Interest rate
Maturity
Filing link and full terms

Equity line · 1

What is this?

Commitment, pricing and sold to date with Pro

Equity line

Issued 2026

Active

Commitment

Sold to date

Remaining
Agreement date
Term ends
Discount
Filing link and full terms

Offerings · 3

What is this?

Proceeds, price, shares and agent with Pro

PIPE

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Offering

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

Offering

Issued 2026

Gross proceeds

Price per share

Shares issued
Warrant coverage
Placement agent
Filing link and full terms

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Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.

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