UNITED STATES
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FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
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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 |