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

Company: BIOVIE INC.
Filing Date: 2025-10-06
Form: POS AM
Chunk 25
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unded Warrant,
the form of which is filed as an exhibit to the registration statement of which this prospectus form a part.

Term

The Pre-funded Warrants will not expire until they
are fully exercised.

Exercisability

The Pre-Funded Warrants are exercisable at any time
until they are fully exercised. The Pre-Funded Warrants are exercisable, at the option of each holder, in whole or in part by delivering
to us a duly executed exercise notice and payment of the exercise price. No fractional shares of our Common Stock will be issued in connection
with the exercise of a Pre-Funded Warrant. The holder of a Pre-Funded Warrant may also satisfy its obligation to pay the exercise price
through a “cashless exercise,” in which the holder receives the net value of the Pre-Funded Warrants in shares of our Common
Stock determined according to the formula set forth in the Pre-Funded Warrant.

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Exercise Limitations

Under the terms of the Pre-Funded Warrants, the Company
may not effect the exercise of any such Pre-Funded Warrant, and a holder will not be entitled to exercise any portion of any such Pre-Funded
Warrant, if, upon giving effect to such exercise, the aggregate number of shares of our Common Stock beneficially owned by the holder
(together with its affiliates, any other persons acting as a group together with the holder or any of the holder’s affiliates, and
any other persons whose beneficial ownership of our Common Stock would or could be aggregated with the holder’s for purposes of
Section 13(d) or Section 16 of the Exchange Act) would exceed 4.99% of the number of shares of our Common Stock outstanding immediately
after giving effect to the exercise, as such percentage ownership is determined in accordance with the terms of such Pre-Funded Warrant,
which percentage may be increased or decreased at the holder’s election upon 61 days’ notice to the Company subject to the
terms of such warrants, provided that such percentage may in no event exceed 9.99%.

Exercise Price

The exercise price of the Pre-Funded Warrants is $0.0001
per share. The exercise price of the Pre-Funded Warrants and the number of shares of our Common Stock issuable upon exercise of the Pre-funded
Warrants is subject to appropriate adjustment in the event of certain stock dividends and distributions, stock splits, stock combinations,
reclassifications or similar events affecting our shares