other_material
confidence high
sentiment neutral
materiality 0.60
Vaxart adjourns annual meeting to June 13 due to insufficient votes for reverse stock split
Vaxart, Inc.
- Meeting adjourned from June 2 to June 13, 2025 at 8:30 a.m. PT to solicit more votes.
- Proposal 2 (reverse stock split amendment) had insufficient votes; board continues to support it.
- CEO says after discussions with large stockholders, many now intend to vote in favor.
- ISS and Glass Lewis both recommend voting for Proposal 2.
- Stockholders who haven't voted must do so by 11:59 p.m. ET on June 12; earlier voters may change vote.
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