---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-015960"
form_type: "8-K"
ticker: "VXRT"
cik: "0000072444"
company_name: "Vaxart, Inc."
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-22T00:54:38.947353+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-25-015960
- form_type: 8-K
- ticker: VXRT
- cik: 0000072444
- company_name: Vaxart, Inc.
- filed_at: 2025-05-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/72444/000143774925015960/0001437749-25-015960-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/72444/000143774925015960/vxrt20250511_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-015960
- JSON: https://secwatch.observer/filing/0001437749-25-015960.json
- Plain text: https://secwatch.observer/filing/0001437749-25-015960.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.