8-K 1 tm2011398-2_8k.htm FORM 8-K





Washington, D.C. 20549









Date of Report (Date of earliest event reported): March 2, 2020




(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
  Name of each exchange on which
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 8.01. Other Events.


On March 2, 2020, Novavax, Inc. (the “Company”), filed a prospectus supplement with the Securities and Exchange Commission which contemplates the sale of up to $150,000,000 of shares of the Company’s common stock (the “Shares”) from time to time in at-the-market offerings pursuant to an At Market Issuance Sales Agreement with B. Riley FBR, Inc. (the “Sales Agent”), dated as of March 2, 2020 (the “March 2020 Sales Agreement”). Sales pursuant to the March 2020 Sales Agreement will be made only upon instructions by the Company to the Sales Agent, and the Company cannot provide any assurances that it will issue any Shares pursuant to the March 2020 Sales Agreement.


A copy of the March 2020 Sales Agreement is attached as Exhibit 1.1 hereto and is incorporated herein by reference. The foregoing description of the material terms of the March 2020 Sales Agreement does not purport to be complete and is qualified in its entirety by reference to such agreements.


Ropes & Gray LLP, counsel to the Company, has issued a legal opinion relating to the Shares. A copy of such legal opinion, including the consent included therein, is attached as Exhibit 5.1 hereto.


During the first quarter of 2020, the Company sold 10.5 million shares of its common stock resulting in $98.7 million in net proceeds at a weighted average sales price of $9.55 per share pursuant to its At Market Issuance Sales Agreement with B. Riley FBR, Inc., dated as of January 21, 2020 (the “January 2020 Sales Agreement”), fully utilizing the January 2020 Sales Agreement as of the date hereof. 


Item 9.01. Financial Statements and Exhibits.


(d)         Exhibits


1.1   At Market Issuance Sales Agreement between Novavax, Inc. and B. Riley FBR, Inc., dated March 2, 2020.
5.1   Opinion of Ropes & Gray LLP.
23.1   Consent of Ropes & Gray LLP (included in Exhibit 5.1)







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: March 2, 2020 By: /s/ John A. Herrmann III
  Name:      John A. Herrmann III
  Title: Senior Vice President, General Counsel and Corporate Secretary