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The Sonic Fund II, L.P. Issues Presentation Correcting Adverum’s Misstatements

April 26, 2021 at 09:00 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Highlights Numerous Mischaracterizations in Adverum’s Recent Investor Presentation

Sonic’s Sole Aim in this Contest is for Adverum to Have Best Board Possible to Ensure Development and Approval of Company’s Potentially Life-Changing Treatment

Urges Stockholders to Vote on the GREEN Proxy Card Today to Elect Sonic’s Three Independent Director Nominees to Drastically Improve 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 issued a supplemental presentation detailing – and correcting – a number of the Company’s recent misstatements. Sonic has nominated three independent, highly qualified director candidates – Jean Bennett, Jodi Cook and Herbert Hughes (the “Nominees”) – for election to the Adverum Board of Directors (the “Board”) at the 2021 Annual Meeting of Stockholders (the “2021 Annual Meeting”).

The presentation, entitled “Adverum’s Myths: Correcting the Record,” is available at: https://www.saveadverum.com/investor-materials.

Vote on the GREEN proxy card today

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210426005486/en/

Contacts

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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