Vaxart addresses reverse split FAQs; vote May 21 to avoid Nasdaq delisting at $0.42/share

Vaxart, Inc.

Stock closed at $0.42 on May 9, 2025, below Nasdaq's $1.00 minimum bid requirement.
Board proposes reverse split ratio of not less than 1:5 and not more than 1:50; intends to choose lowest ratio needed.
ISS and Glass Lewis recommend stockholders vote FOR the reverse split proposal.
Annual Meeting scheduled for May 21, 2025; management says split does not change fundamental value.
Board may not effect split if share price recovers above $1.00 before required deadline.

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