• NVAX is trading at $8.46 (5% down) following public criticism from its largest shareholder, Shah Capital, after the Annual General Meeting (AGM).
  • The dissent included approximately 38% to 41% of votes opposing the re-election of certain directors, including CEO John Jacobs.
  • Shah Capital described the opposition as unprecedented and called for significant changes, such as a reduction in board size and immediate share repurchases.