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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Adverum Biotechnologies Inc | NASDAQ:ADVM | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.43 | 4.30% | 10.43 | 9.75 | 44.43 | 10.69 | 10.00 | 10.10 | 900,531 | 05:00:01 |
Nominee Jean Bennett Reaffirms Commitment to Serve on Board if Elected
Adverum Has Failed Miserably in Its Drug Development Strategy and Has Destroyed Massive Amounts of Value
Stockholders Cannot Accept More of the Same
Company’s Incumbent Directors Have Proven They Are Not Worthy of Stockholders’ Confidence and Have Instead Employed Numerous Antics Aimed at Entrenching Themselves
An Improved Board – With Critical Gene Therapy, Financial Oversight, and Capital Allocation Experience – Is Needed to Refocus Company on Development of ADVM-022
Sonic Urges Adverum Shareholders to Vote on GREEN Proxy Card FOR Election of All Three Independent and Highly Qualified Director Nominees to Board
The Sonic Fund II, L.P. (“Sonic”), which beneficially owns approximately 6.8% of the outstanding common stock of Adverum Biotechnologies, Inc. (NASDAQ: ADVM) (the “Company” or “Adverum”), today reminded stockholders to make their voices heard at the Company’s upcoming 2021 Annual Meeting of Stockholders (the “2021 Annual Meeting”), which will be held on Wednesday, May 12, 2021.
Additionally, Sonic nominee Jean Bennett today issued the following statement:
“I am fully committed to serving on the Adverum Board if elected and am excited to help the Company with the scientific development and oversight of their cutting-edge treatment.”
Sonic strongly urges all stockholders to vote on the Green proxy card FOR the election of its three independent, highly qualified nominees (the “Nominees”) – Jean Bennett, Jodi Cook and Herbert Hughes – for election to the Company’s Board of Directors (the “Board”).
This contest boils down to the following key elements – and the conclusion is clear:
The choice is clear, elect three extremely well qualified, independent nominees, or accept more of the same from a Board that has failed to deliver on its promises. It is time to Save Adverum.
For more information, please visit www.SaveAdverum.com.
VOTE ON THE GREEN PROXY CARD TODAY
If you have voted a white card from Adverum, a later-dated Green card will revoke that vote
If you have any questions or require any assistance with your vote, please contact Saratoga Proxy Consulting, LLC, which is assisting us, at its address and toll-free number listed on the following page. For more information, fellow stockholders can visit our website at https://www.saveadverum.com/investor-materials.
If you have any questions regarding your GREEN proxy card or need assistance in voting your shares, please contact
Saratoga Proxy Consulting, LLC
520 8th Avenue
New York, NY 10018
Stockholders may call toll-free: (888) 368-0379
Banks and brokers call: (212) 257-1311
info@saratogaproxy.com
1 Permission to quote from the ISS and Glass Lewis reports was neither sought nor obtained.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210510005611/en/
Investors: Saratoga Proxy Consulting LLC John Ferguson / Ann Marie Mellone 212-257-1311 jferguson@saratogaproxy.com / amellone@saratogaproxy.com Media: Sloane & Company Joe Germani / Sarah Braunstein jgermani@sloanepr.com / sbraunstein@sloanepr.com
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