Will The Rally Continue? VBI Vaccines Inc (NASDAQ:VBIV)

VBI Vaccines Inc (NASDAQ:VBIV) is trading with a marginal gain in the pre market session on Wednesday. The stock is up 48% over the past month and 33% year-to-date.

Major Trigger:

Energous and Atmosic Achieve Industry First Interoperability Energy Harvesting, Advancing Development of Wireless Charging Applications

Key Highlights:

  • announced the voting results from its annual general meeting of shareholders held on June 9, 2021 (the “Meeting”).
  • The total number of common shares of the Company (“Common Shares”) represented by shareholders (“Shareholders”) present in person or represented by proxy at the Meeting was an aggregate of 162,568,059 Common Shares, representing 63.99% of VBI’s issued and outstanding Common Shares as of the record date for the Meeting, April 16, 2021.
  • Each of the other matters put forward before the Shareholders for consideration and approval at the Meeting, as described in the Proxy Statement, were duly approved by the requisite number of votes. The Shareholders voted in favor of appointing EisnerAmper LLP as VBI’s independent registered public accounting firm for the ensuing year and authorizing the audit committee of VBI’s board of directors to fix its remuneration.
  • Additional information regarding the results of all matters voted upon at the Meeting may be found in the Company’s SEC and SEDAR filings.

Market Reaction

As of 8:01, VBIV is trading at $3.93, up 0.51%. So far more than 14K shares have exchanged hands.

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