K2 HealthVentures Affiliate Acquires VBI Vaccines

January 3, 2025

K2 VBI Equity Trust, LLC, an affiliate of K2 HealthVentures LLC, completed the purchase of VBI Vaccines Inc. pursuant to an amended acquisition agreement and the Company's creditor protection proceedings under Canada's CCAA. Following closing, VBI and certain subsidiaries became wholly owned by the purchaser, all common shares were redeemed and cancelled, and VBI's directors and executive officers were replaced by nominees of K2; the company is expected to cease being a reporting issuer in Canada and to deregister its U.S. public filings.

Buyers
K2 VBI Equity Trust, LLC, K2 HealthVentures LLC
Targets
VBI Vaccines Inc.
Industry
Biotechnology
Location
Massachusetts, United States
Transaction Type
Buyout

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