Vaxart Announces $40 Million Underwritten Offering of Common Stock

June 13, 2024

https://www.globenewswire.com/news-release/2024/06/13/2898722/25416/en/Vaxart-Announces-40-Million-Underwritten-Offering-of-Common-Stock.html

SOUTH SAN FRANCISCO, Calif., June 13, 2024 (GLOBE NEWSWIRE) — Vaxart, Inc. (“Vaxart”) (Nasdaq:VXRT) today announced an underwritten offering of 50,000,000 shares of its common stock at an offering price of $0.80 per share, which is a premium to the last closing price of $0.75 per share. Gross proceeds to Vaxart from the offering are expected to be $40 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Vaxart. The offering is expected to close on or about June 17, 2024, subject to customary closing conditions.

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