Company: BIVIW
Filing Date: 2025-10-06
Form Type: POS AM
Source: 0001520138-25-000294
Chunk: 20

Company: BIOVIE INC.
Filing Date: 2025-10-06
Form: POS AM
Chunk 20
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, therefore, depress the trading price of our Common Stock.

Provisions of our Articles of Incorporation, our Bylaws,
and Nevada law may have the effect of deterring unsolicited takeovers or delaying or preventing a change in control of our company or
changes in our management, including transactions in which our stockholders might otherwise receive a premium for their shares over then
current market prices. In addition, these provisions may limit the ability of stockholders to approve transactions that they may deem
to be in their best interests. These provisions include:

| · | the inability of stockholders to call special meetings; |

| · | the “business combinations” and “control share acquisitions” provisions of Nevada law, to the extent applicable, could discourage attempts to acquire our stockholders stock even on terms above the prevailing market price; and |

| · | the ability of our board of directors to designate the terms of and issue new series of preferred stock without stockholder approval, which could include the right to approve an acquisition or other change in our control or could be used to institute a rights plan, also known as a poison pill, that would dilute the stock ownership of a potential hostile acquirer, likely preventing acquisitions that have not been approved by our board of directors. |

The existence of the forgoing provisions and anti-takeover
measures could limit the price that investors might be willing to pay in the future for shares of our Common Stock. They could also deter
potential acquirers of our company, thereby reducing the likelihood that you could receive a premium for your Common Stock in an acquisition.

| 10 |

<div align='center'>Cautionary Note Regarding Forward-Looking Statements</div>

This prospectus and the documents incorporated by
reference into this prospectus contain “forward-looking statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that relate to future events or our future financial
performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity,
performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or
implied by these forward-looking statements. Such forward-looking statements concern our anticipated results and progress of our operations
in future periods, planned exploration and, if warranted, development of our properties, plans related to our business and other matters
that may occur in the future.