Company: IOBT
Filing Date: 2025-04-25
Form Type: DEF 14A
Source: 0000950170-25-058699
Chunk: 35

Company: IO Biotech, Inc.
Filing Date: 2025-04-25
Form: DEF 14A
Chunk 35
---
|:----|:-------------------------|--------:|:----|:--------|--------:|
| Audit fees(1)      |     | $                        | 655,650 |     | $       | 638,852 |
| Audit-related fees |     |                          |       — |     |         |       — |
| Tax fees           |     |                          |       — |     |         |       — |
| Total fees         |     | $                        | 655,650 |     | $       | 638,852 |

(1) “Audit fees” consist of fees for the audit of our annual consolidated financial statements, the review of the interim consolidated financial statements, and other professional services provided in connection with regulatory filings. (2) All fees were paid in U.S. dollars for 2024. All fees were paid in Danish Kroner and converted to U.S. dollars using an average exchange rate of 6.8900:1 for 2023. Deter mination of Independence In considering the nature of the services provided by our independent registered public accounting firm, the audit committee determined that such services are compatible with the provision of independent audit services. The audit committee discussed these services with our independent registered public accounting firm and our management to determine that they are permitted under the rules and regulations concerning auditor independence. Additional information concerning the audit committee and its activities can be found under the headings: “Committees of the Board of Directors” and “Audit Committee Report.” Pre-App roval Policy According to policies adopted by the audit committee and ratified by our board of directors, to ensure compliance with the SEC’s rules regarding auditor independence, all audit and non-audit services to be provided by our independent registered public accounting firm must be pre-approved by the audit committee. The audit

<div align='center'>27</div>

committee has established a general pre-approval policy for certain audit and non-audit services, up to a specified amount for each identified service that may be provided by the independent auditors. The audit committee may delegate pre-approval authority to one or more of its members.

The audit committee approved one hundred percent (100%) of all services provided by EY during the years ended December 31, 2024 and 2023. The audit committee has considered the nature and amount of the fees billed by EY and believes that the provision of the services for activities unrelated to the audit is compatible with maintaining EY’s independence.

Recommendation of Our Board of Directors and Audit Committee

OUR