Novavax Inc. (NASDAQ:NVAX) has been warned by Nasdaq that NVAX stock will be delisted should the price of the stock fail to get past a buck in the next six months.
For 30 consecutive days, NVAX stock has fallen below $1, and Nasdaq has given the Gaithersburg company until October 8 to get the price of its common stock up for 10 successive business days.
According to public filings, NVAX will hold a shareholder meeting on May 8 to contemplate the possibility of a reverse stock split. This will combine shares and thus reduce ...
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