Vaxart, Inc. Form 8-K (April 28, 2020)

Summary

Form 8-K for an event dated April 28, 2020, filed by Vaxart, Inc. Under Item 2.02, Results of Operations and Financial Condition, the report states that on April 28, 2020 the company issued a press release announcing cash of $29.9 million as of March 31, 2020, a total of $10.3 million received from warrant exercises in the three months ended March 31, 2020, and royalty revenue of $2.8 million for the first quarter. Under Item 8.01, Other Events, the same release gave a corporate update including progress on its COVID-19 vaccine candidate (Exhibit 99.1). Wouter W. Latour, M.D., signed April 28, 2020.

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Full text

vxrt20200428_8k.htm

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 28 , 20 20

Vaxart, Inc.

(Exact name of registrant as specified in its charter)

Delaware | 001-35285 | 59-1212264
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.)
385 Oyster Point Boulevard, Suite 9A , South San Francisco, California | 94080
(Address of principal executive offices) | (Zip Code)

Registrant’s telephone number, including area code: ( 650) 550-3500

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

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:

☐ | 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))

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

Title of each class | Trading symbol | Name of each exchange on which registered
Common stock, $0.10 par value | VXRT | Nasdaq Capital Market

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 2.02 | Results of Operations and Financial Condition.

On April 28, 2020, Vaxart, Inc. issued a press release announcing that it had cash of $29.9 million as of March 31, 2020, and that, in the three months ended March 31, 2020, it received a total of $10.3 million from warrant exercises and it will receive royalty revenue of $2.8 million for the first quarter. A copy of this press release is furnished as Exhibit 99.1 to this report and is incorporated herein by reference.

The information in this report, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, as amended. The information contained herein and in the accompanying Exhibit 99.1 shall not be deemed incorporated by reference into any filing with the U.S. Securities and Exchange Commission made by Vaxart, Inc., whether made before or after the date hereof regardless of any general incorporation language in such filing.

Item 8.01 | Other Events.

On April 28, 2020, Vaxart, Inc. issued a press release providing a corporate update, including progress on its COVID-19 vaccine candidate. A copy of the press release is filed as Exhibit 99.1 hereto and, other than the quote by Dr. Latour and the first three bullet points thereafter, which contain financial information, is incorporated herein by reference.

Item 9.01 | Financial Statements and Exhibits.

(d) Exhibits

Exhibit | Description
99.1 | Press release, dated April 28, 2020, titled “Vaxart Announces Corporate Update for First Quarter 2020”.

SIGNATURES

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

Vaxart, Inc.
Dated: April 28, 2020
By: | /s/ Wouter W. Latour, M.D.
Wouter W. Latour, M.D.
President and Chief Executive Officer

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