Company: DVAX
Filing Date: 2025-03-06
Form Type: 8-K
Source: 0001193125-25-047732
Chunk: 7

Company: DYNAVAX TECHNOLOGIES CORP
Filing Date: 2025-03-06
Form: 8-K
Item: Item 2.03
Chunk 7
---
Item 2.03      Creation of a Direct Financial Obligation under an Off-Balance Sheet Arrangement of a Registrant  

The information set forth under Item 1.01 of this Current Report on Form8-Kis incorporated into herein by reference.

  Item 3.02      Unregistered Sales of Equity Securities  

The Information set forth under Item 1.01 of this Current Report on Form8-Kis incorporated herein by reference. Any shares of the common stock that may be issued upon conversion of the New Notes will be issued in reliance upon Section 3(a)(9) of the Securities Act as involving an exchange by the Company exclusively with its security holders. Initially, a maximum of 16,059,937 shares of the common stock may be issued upon conversion of the New Notes based on the initial maximum conversion rate of 71.3775 shares of the common stock per $1,000 principal amount of New Notes, which is subject to customary anti-dilution adjustment provisions.

Forward Looking Statements

Statements contained in this Current Report on Form8-Kthat are not historical facts are “forward-looking” statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to a number of risks and uncertainties. Forward-looking statements can generally be identified by the use of words such as “could,” “estimate,” “expect,” “intend,” “may,” “will,” “would” and similar expressions, or the negatives thereof, or they may use future dates. Forward-looking statements made in this report include statements regarding expected closing and the anticipated use of gross proceeds from the Subscription Transactions and the Unwind Transactions, expectation of unwinding various derivative transactions and termination of certain portions of the existing capped call transactions and share repurchases. Actual results may differ materially from those set forth in this report due to the assumptions, uncertainties, risks and factors that are beyond the Company’s control including, without limitation: market risks, trends and conditions, as well as other risks detailed in the “ Risk Factors” section of our Annual Report on Form10-Kfor the year ended December 31, 2024 and periodic filings made thereafter, as well as discussions of potential risks, uncertainties and other important factors in our other filings with the U. S. Securities and Exchange Commission. These forward-looking statements are made as of the date hereof, are qualified in their entirety by this cautionary statement and we undertake no obligation to revise or update information herein