Novavax Inc (NVAX)

[Investor100]

Update tonight $300M @ NVAX

Stock $5.56 (16% drop today)

Novavax Prices $300 Million of Convertible Senior Notes Due 2023
http://www.cnn.com/2016/01/21/us/detroit-public-schools-sickout-showdown/index.html

The Notes are being offered and sold only to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. Novavax has also granted the initial purchasers of the Notes an option to purchase up to an additional $30 million aggregate principal amount of the Notes, solely to cover over-allotments. The offering was upsized from the previously announced size of $200 million.

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