---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-030073"
form_type: "8-K"
ticker: null
cik: "0000764195"
company_name: "VBI Vaccines Inc/BC"
filed_at: "2024-08-02T23:59:59+00:00"
generated_at: "2026-05-31T13:33:06.688516+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# VBI Vaccines files for bankruptcy restructuring under CCAA and Chapter 15; Nasdaq delisting effective Aug 8

## Summary
- Received provisional relief under Chapter 15 on Aug 2, 2024; further hearing scheduled for recognition of CCAA order.
- Nasdaq notified delisting effective Aug 8, 2024; company will not appeal.
- Delisting based on noncompliance with minimum stockholders' equity and bid price rules.
- Expects to cease reporting as a public company; no plans to list elsewhere.
- Ernst & Young appointed as monitor in CCAA proceedings and sale solicitation process.

## SEC filing metadata
- accession: 0001493152-24-030073
- form_type: 8-K
- cik: 0000764195
- company_name: VBI Vaccines Inc/BC
- filed_at: 2024-08-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 1.03, 3.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/764195/000149315224030073/0001493152-24-030073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/764195/000149315224030073/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-030073
- JSON: https://secwatch.observer/filing/0001493152-24-030073.json
- Plain text: https://secwatch.observer/filing/0001493152-24-030073.txt

## Key facts
- Distress & Bankruptcy
  VBI Vaccines Inc/BC entered chapter 15 in United States Bankruptcy Court for the District of Delaware (petition 2024-08-02).
  - Proceeding: chapter 15
  - Court: United States Bankruptcy Court for the District of Delaware
  - Petition: 2024-08-02
  source text: On August 2, 2024, the United States Bankruptcy Court for the District of Delaware granted provisional relief under Chapter 15 of the U.S. Bankruptcy Code, and scheduled a further hearing to consider the recognition of the July 30, 2024, Ontario Superior Court of Justice (Commercial List) order, which granted VBI Vaccines Inc. (the “ Company ”) protection under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended.
  evidence_url: https://www.sec.gov/Archives/edgar/data/764195/000149315224030073/0001493152-24-030073-index.htm

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