IO Biotech issues warrant to EIB for up to 5.6M shares at $0.8891; €10M draw expected May 6

IO Biotech, Inc.

Issued Tranche A Warrant to EIB to purchase up to 5,623,664 shares of common stock at $0.8891 per share.
Warrant issued in connection with €10M draw under previously announced EIB loan facility of up to €57.5M.
Drawdown of €10M Tranche A loan expected on or around May 6, 2025.
Warrant issued in private placement exempt from registration under Section 4(a)(2) of Securities Act.

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