Novavax Inc (NVAX)

[leftovers]

stockwinner are you going to be voting on the 1 for 20 proposal at the special share holders meeting because of the delist NOTICE?

They didn’t even receive the delist letter dude had enough time to bring it above 1 they issued RS before even being trading below 1 for a month you know no co gets delisted after 30 days go educate yourself

Item 3.01. Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On April 11, 2019, Novavax, Inc. (the “Company”) received a notification letter (the “Notice”) from The Nasdaq Stock Market (“Nasdaq”) advising the Company that for 30 consecutive business days preceding the date of the Notice, the bid price of the Company’s common stock had closed below the $1.00 per share minimum required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Marketplace Rule 5450(a)(1). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided a compliance period of 180 calendar days, or until October 8, 2019, to regain compliance with this requirement.

The Company can regain compliance with the minimum closing bid price rule if the bid price of its common stock closes at $1.00 or higher for a minimum of ten consecutive business days during this initial 180-day compliance period. If compliance is not achieved by October 8, 2019, Nasdaq will provide written notification to the Company that its securities are subject to delisting.

The Company continues to monitor the bid price for its common stock. As previously announced, the Company has scheduled a Special Meeting of the Company’s stockholders on May 8, 2019 (the “Special Meeting”) to consider a proposal to effect a reverse split of the Company’s outstanding shares of common stock at a ratio of 1-for-20 (the “Reverse Stock Split”). If approved at the Special Meeting, the Reverse Stock Split would be expected to have the effect of increasing the bid price for a share of the Company’s common stock. If the Reverse Stock Split is not approved at the Special Meeting, or if the Company’s common stock otherwise does not trade at a level that is likely to regain compliance with the minimum bid price requirement, the Company’s Board of Directors will consider other options available to achieve compliance prior to October 8, 2019.