NOVAVAX, INC. Form 8-K (April 23, 2021)

Summary

Current report on Form 8-K of Novavax, Inc. dated April 23, 2021, reporting under Item 1.01, Entry into a Material Definitive Agreement. The company states that on April 23, 2021 Modification No. 7 to Project Agreement No. 01, dated July 6, 2020, with Advanced Technology International, the Consortium Management Firm acting for the Medical CBRN Defense Consortium in connection with the partnership formerly known as Operation Warp Speed, was executed. The company's funding available for payment and allotted to the Project Agreement was increased by $147,349,805, bringing the total currently available to $1,747,689,328. The remainder of the Project Agreement remains unchanged. The signature block is John A. Herrmann III, dated April 29, 2021.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Full text

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event
reported): April 23, 2021

NOVAVAX, INC.

(Exact name of registrant as specified
in charter)

Delaware | 0-26770 | 22-2816046
(State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.)

21 Firstfield Road

Gaithersburg , Maryland 20878

(Address of Principal Executive Offices,
including Zip Code)

( 240 ) 268-2000

(Registrant’s telephone number,
including area code)

(Former name or former address, if changed
since last report.)

Securities registered pursuant to Section
12(b) of the Act:

Title of each class | Trading Symbol(s) | Name of each exchange on which registered
Common Stock, Par Value $0.01 per share | NVAX | The Nasdaq Global Select Market

Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):

¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging
growth company ¨

If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨

Item 1.01. Entry into a Material Definitive Agreement.

On April 23, 2021, Modification No. 7 (the “Modification”)
to Project Agreement No. 01 (“Project Agreement”), dated July 6, 2020, between Novavax, Inc. (the “Company”) and
Advanced Technology International (“ATI”), the Consortium Management Firm acting on behalf of the Medical CBRN Defense Consortium
in connection with the partnership formerly known as Operation Warp Speed (“OWS”), was executed and the Company’s funding
available for payment and allotted to the Project Agreement was increased by $147,349,805. OWS is a partnership among components of the
U.S. Department of Health and Human Services and the U.S. Department of Defense working to accelerate the development, manufacturing and
distribution of COVID-19 vaccines, therapeutics, and diagnostics. The Modification increases the total amount of funding currently available
for payment and allotted to the Project Agreement to $1,747,689,328.

The remainder of the Project Agreement remains
unchanged. The foregoing description of the Modification does not purport to be complete and is qualified in its entirety by reference
to the Modification, which will be filed with the Securities and Exchange Commission as an exhibit to the Company’s Quarterly Report
on Form 10-Q for the quarter ended June 30, 2021.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Novavax,
 Inc.
Date: April 29, 2021 | By: | /s/ John A. Herrmann III
Name: | John A. Herrmann III
Title: | Executive Vice President, Chief Legal Officer
 and Corporate Secretary

File and source

File

SEC_NVAX_8-K_filed2021-04-29_0001104659-21-057776.htm

Size

26,764 bytes

SHA-256

f23b74cf3bcbb31f070f8fbed314f1415e0afebb56257cdd005a88ec2d4e45f4

Our copy

SEC_NVAX_8-K_filed2021-04-29_0001104659-21-057776.htm

Original

www.sec.gov