Company: BIVIW
Filing Date: 2025-05-08
Form Type: PRE 14A
Source: 0001520138-25-000142
Chunk: 12

Company: BIOVIE INC.
Filing Date: 2025-05-08
Form: PRE 14A
Chunk 12
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TO GRANT THE BOARD
OF DIRECTORS AUTHORITY, IN ITS SOLE DISCRETION, PRIOR TO THE ONE-YEAR ANNIVERSARY OF THIS SPECIAL MEETING, TO EFFECT A REVERSE STOCK SPLIT
OF THE OUTSTANDING SHARES OF THE COMPANY’S COMMON STOCK, AT A REVERSE SPLIT RATIO OF BETWEEN 1-FOR-5 AND 1-FOR-10 AS DETERMINED
BY THE BOARD OF DIRECTORS, WHEREBY EVERY 5 TO 10 SHARES OF THE AUTHORIZED, ISSUED AND OUTSTANDING COMMON STOCK SHALL BE COMBINED INTO
ONE (1) SHARE OF AUTHORIZED, ISSUED AND OUTSTANDING COMMON STOCK</div>

General

The Board of Directors is recommending that our stockholders
grant the Board of Directors the authority, in its sole discretion, prior to the one-year anniversary of this Special Meeting, to effect
a reverse stock split of the outstanding shares of the Company’s common stock, at a reverse split ratio of between 1-for-5 and 1-for-10
as determined by the Board of Directors, whereby every 5 to shares of the authorized, issued and outstanding Common Stock shall be combined
into one (1) share of authorized, issued and outstanding Common Stock. If the stockholders approve and adopt the proposal to grant the
Board of Directors the authority to effect the reverse stock split, and the Board of Directors decides to implement it, the reverse stock
split will become effective on the date specified in the resolutions authorizing the reverse stock split of outstanding shares approved
by the Board of Directors.

If implemented, the reverse stock split will be realized
simultaneously for all outstanding common stock and the ratio determined by the Board of Directors will be the same for all outstanding
shares of common stock. The reverse stock split will affect all holders of shares of our common stock uniformly and each stockholder will
hold the same percentage of our common stock outstanding immediately following the reverse stock split as that stockholder held immediately
prior to the reverse stock split, except for adjustments that may result from the treatment of fractional shares as described below. The
proposed reverse stock split will not reduce the number of authorized shares of common stock (which will remain at 800,000,000) or preferred
stock (which will remain at 10,000,000) or change the par values of our common stock (which will remain at $0.0001 per share) or preferred
stock (which will remain at $0