24/7 Market News Snapshot 16 May, 2025 – Vaxart, Inc Common Stock (NASDAQ:VXRT)

May 16, 2025

DENVER, Colo., 16 May, 2025 (www.247marketnews.com) – (Nasdaq:VXRT) are discussed in this article.
Vaxart, Inc. (Nasdaq:VXRT) is experiencing a significant surge in its stock price, opening at $0.43 and climbing over 20% to reach $0.513 in today’s trading session. This remarkable upward movement follows a previous closing price of $0.424 and has generated considerable market interest, with trading volumes hitting 5.08 million shares. Investors are closely monitoring this bullish trend, indicating renewed confidence in the biotech firm’s future prospects.

Simultaneously, Vaxart has announced a crucial step in its strategic growth plan aimed at enhancing shareholder value and ensuring compliance with Nasdaq listing requirements. The company has encouraged stockholders to support a proposed reverse stock split, with a potential ratio of up to 1-for-20, which will be subject to approval at the upcoming Annual Meeting. This measure is aimed at aligning the authorized share count with current market conditions, enhancing liquidity, and facilitating robust market operations for Vaxart’s shares.

Steven Lo, Vaxart’s President and CEO, underscored the importance of this initiative, stating, “We value the input of our stockholders, and this proposal directly reflects the feedback we have received. A vote ‘FOR’ Proposal #2 not only helps us retain our Nasdaq listing but also reaffirms our commitment to advancing our oral pill vaccine technology.”

Endorsements from respected independent proxy advisory firms such as ISS and Glass Lewis further bolster the company’s position, encouraging stockholders to back the proposal. Vaxart is focused on revolutionizing vaccine delivery with innovative oral recombinant vaccines, addressing global health issues such as COVID-19, norovirus, and influenza. The company urges stockholders to reconsider any prior votes against the proposal before the May 20, 2025 deadline, emphasizing the opportunity for them to play an essential role in shaping the company’s future success.

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