Nuvation Bio Inc.

Item 1. Legal Proceedings.

On July 30, 2025, Tim Patterson filed a derivative complaint (Tim Patterson, derivatively on behalf of Nuvation Bio, Inc. v. David Hung, et al. Index No. 654535/2025) (the “Action”) in the Supreme Court of the State of New York for the County of New York on behalf of Nuvation Bio against our seven current directors and one former director (the “Individual Defendants”). The Action asserts claims against the Individual Defendants for allegedly breaching their fiduciary duties to us by awarding our directors excessive compensation between 2021 and 2024 and seeks restitution from the Individual Defendants, changes to our director compensation policies and practices, and attorneys’ fees and other costs of suit. On September 25, 2025, the parties entered into a stipulation setting a deadline of November 19, 2025 for the Individual Defendants’ and Nuvation Bio’s response to the Complaint and establishing future deadlines for Plaintiff’s answering brief and the Individual Defendants’ and Nuvation Bio’s reply as well.