K2 VBI Equity Trust Acquires VBI Vaccines in CCAA Restructuring

January 3, 2025

VBI Vaccines Inc. completed a transaction under its Canadian CCAA restructuring sale process with K2 VBI Equity Trust, LLC, an affiliate of K2 HealthVentures LLC, a secured creditor. Upon closing, VBI’s shares were redeemed and cancelled without consideration and VBI and certain subsidiaries emerged as wholly owned subsidiaries of the Purchaser.

Buyers
K2 VBI Equity Trust, LLC
Targets
VBI Vaccines Inc., VBI Vaccines (Delaware) Inc., Variation Biotechnologies Inc.
Sellers
VBI Vaccines Inc. (and certain subsidiaries through the CCAA restructuring process)
Industry
Biotechnology
Location
Massachusetts, United States
Transaction Type
Buyout

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