Company: BIVIW
Filing Date: 2025-10-06
Form Type: POS AM
Source: 0001520138-25-000294
Chunk: 31

Company: BIOVIE INC.
Filing Date: 2025-10-06
Form: POS AM
Chunk 31
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 Stock, free of a restrictive legend. Shares of Common Stock issued to affiliates
upon exercise of the Pre-Funded Warrants or Warrants will be issued free of legend but will be deemed control securities. A holder does
not have the right to exercise any portion of a Pre-Funded Warrant or Warrant if the holder (together with its affiliates) would beneficially
own in excess of 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 the Pre-Funded Warrant or Warrant. However, any holder may increase
or decrease such percentage to any other percentage not in excess of 9.99% upon at least 61 days’ prior notice from the holder to
us.

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<div align='center'>Legal Matters</div>

McGuireWoods LLP is acting as our counsel regarding
securities law matters. The validity of the shares of Common Stock offered hereby will be passed upon for us by Fennemore Craig, P.C.

<div align='center'>Experts</div>

The balance sheets of BioVie Inc. as of June 30, 2025
and 2024, and the related statements of operations and comprehensive loss, changes in stockholders’ equity, and cash flows for each
of the years then ended, have been audited by EisnerAmper LLP, independent registered public accounting firm, as stated in their report
which is incorporated by reference, which report includes an explanatory paragraph about the existence of substantial doubt concerning
the Company’s ability to continue as a going concern. Such financial statements have been incorporated by reference in reliance
on the report of such firm given upon their authority as experts in accounting and auditing.

<div align='center'>Where You Can Find More Information</div>

We have filed with the SEC a registration statement
on Form S-1 under the Securities Act with respect to the securities offered by this prospectus. This prospectus, which constitutes a part
of the registration statement, does not contain all of the information set forth in the registration statement, some of which is contained
in exhibits to the registration statement as permitted by the rules and regulations of the SEC. For further information with respect to
us and our securities, we refer you to the registration statement, including the exhibits filed as a part of the registration statement.
Statements contained in this prospectus concerning the contents of any contract or any other document