Company: BIVIW
Filing Date: 2025-07-22
Form Type: S-1/A
Source: 0001520138-25-000216
Chunk: 135

Company: BIOVIE INC.
Filing Date: 2025-07-22
Form: S-1/A
Chunk 135
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 of outstanding Common Stock after exercising the holder’s Warrants up to 9.99% 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 Warrants. No fractional shares of our Common Stock will be issued in connection with the exercise of a Warrant.
In lieu of fractional shares, we will round up to the next whole share.

Cashless Exercise

If, at the time a holder exercises its Warrants,
a registration statement registering the issuance of the shares of our Common Stock underlying the Warrants under the Securities Act is
not then effective or available and an exemption from registration under the Securities Act is not available for the issuance of such
shares, then in lieu of making the cash payment otherwise contemplated to be made to us upon such exercise in payment of the aggregate
exercise price, the holder may elect instead to receive upon such exercise (either in whole or in part) the net number of shares of our
Common Stock determined according to a formula set forth in the Warrants.

Exercise Price

Each Warrant offered hereby will have an initial
exercise price per share equal to $ .

Warrant Agent

Pursuant to a warrant agent agreement between us and West Coast Stock
Transfer, Inc., as warrant agent, the Warrants will be issued in book-entry form and shall initially be represented only by one or more
global warrants deposited with the warrant agent, as custodian on behalf of The Depository Trust Company (“DTC”), and registered
in the name of Cede & Co., a nominee of DTC, or as otherwise directed by DTC.

Transferability

Subject to applicable laws, a Warrant may be transferred
at the option of the holder upon surrender of the Common Warrant to us together with the appropriate instruments of transfer.

Exchange Listing

There is no established trading market for the
Warrants. We intend to apply to list the Warrants on Nasdaq under the symbol “BIVIW”. We cannot guarantee that the Warrants
will be approved for listing on Nasdaq. The warrant agent will be West Coast Stock Transfer, Inc., Encinitas, California.

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No Rights as a Stockholder

Except as otherwise provided in the Warrants or
by virtue of such holder’s ownership of shares of our Common Stock, the holders of the Warrants do not have the rights or privileges
of holders of our Common Stock, including any voting rights