Company: BIVIW
Filing Date: 2025-07-11
Form Type: S-1/A
Source: 0001520138-25-000205
Chunk: 226

Company: BIOVIE INC.
Filing Date: 2025-07-11
Form: S-1/A
Chunk 226
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AA with ThinkEquity LLC, as the placement agent, in connection with the issuance and sale directly to the March 4 Investor
of up to 210,000 shares of Common Stock, at a public offering price to the March 4 Investors of $100.00 per share of Common Stock and/or
pre-funded warrants to purchase shares of Common Stock at a public offering price to the March 24 Investors of $99.99 per pre-funded warrant,
together with warrants to purchase up to 105,000 shares of Common Stock.

In connection to the March 4 Offering, the Company
issued the Placement Agent I Warrants, exercisable to purchase 10,500 shares of Common Stock, representing 5% of the March 4 Securities
purchased at the closing of the March 4 Offering, for an aggregate purchase price of $100.00, at an exercise price of $125.00 per share,
which is equal to 125% of the March 4 Share Offering Price. The Placement Agent I Warrants are exercisable from 180 days following the
date of issuance in accordance with Rule 5110(g)(8)(A) of FINRA and will expire five years following the date of issuance.

The holders of the Placement Agent I Warrants
may exercise the Placement Agent I Warrants by making a cash payment equal to the exercise price multiplied by the quantity of shares.
The holders of the Placement Agent I Warrants may also exercise the Placement Agent I Warrants on a cashless or “net issuance”
basis by receiving a net number of shares calculated pursuant to the formula set forth in the Placement Agent I Warrants. The Placement
Agent I Warrants are subject to anti-dilution adjustments for stock dividends, stock splits, and reverse stock splits. Pursuant to the
terms of the Placement Agent I Warrants, the holders of the Placement Agent I Warrants are entitled to piggyback registration rights if
the Company proposes to file a new registration statement under the Securities Act, subject to certain limitations.

Placement Agent II Warrants Issued in Connection with Offering on September 23, 2024

On September 23, 2024, the Company entered into
the September 23, 2024 PAA with ThinkEquity LLC, as the placement agent, in connection with the issuance and sale directly to the September
23 Investors of up to 196,080 shares of Common Stock, at a public offering price to the September 23 Investors of $15.30