---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-151511"
form_type: "8-K"
ticker: "IOBTQ"
cik: "0001865494"
company_name: "IO Biotech, Inc."
filed_at: "2025-06-27T23:59:59+00:00"
generated_at: "2026-05-18T16:33:23.152864+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# IO Biotech draws €12.5M Tranche B from EIB, issues warrant for 4.22M shares at $1.3159

## Summary
- Satisfied conditions to draw €12.5M second tranche (Tranche B) from EIB loan facility of up to €57.5M.
- Issued Tranche B warrant to purchase up to 4,221,867 shares of common stock at strike price $1.3159 per share.
- Drawdown is expected on or around July 4, 2025.
- Warrant terms mirror those disclosed in the December 20, 2024 8-K filing.

## SEC filing metadata
- accession: 0001193125-25-151511
- form_type: 8-K
- ticker: IOBTQ
- cik: 0001865494
- company_name: IO Biotech, Inc.
- filed_at: 2025-06-27T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 3.02, 8.01, 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1865494/000119312525151511/0001193125-25-151511-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1865494/000119312525151511/d848617d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-151511
- JSON: https://secwatch.observer/filing/0001193125-25-151511.json
- Plain text: https://secwatch.observer/filing/0001193125-25-151511.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.