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Deep Track Capital Comments on Dynavax Technologies' Rejection of Most Recent Settlement Offer

1. Deep Track Capital owns 14.34% of DVAX shares, influencing corporate governance. 2. The Board rejected a settlement proposal regarding shareholder nominations.

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FAQ

Why Bullish?

Deep Track's significant ownership indicates increased shareholder engagement, potentially leading to value-driven changes.

How important is it?

The involvement of a major shareholder like Deep Track signals potential changes impacting DVAX's performance.

Why Short Term?

Immediate governance discussions may affect stock price in the near term, similar to past shareholder activism cases.

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DVAXBMYAMGN
GREENWICH, Conn.--(BUSINESS WIRE)--Deep Track Capital, LP, (together with its affiliates, “Deep Track” or “we”) is one of the largest shareholders of Dynavax Technologies Corporation (NASDAQ: DVAX) (“Dynavax”, “DVAX” or the “Company”), with ownership of approximately 14.34% of the Company's outstanding shares. Today Deep Track commented on the Company's disclosure that the Board of Directors (the “Board”) has rejected a settlement proposal in connection with its nomination of four highly qualif.

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