Company: BIVIW
Filing Date: 2025-08-08
Form Type: 424B5
Source: 0001520138-25-000247
Chunk: 68

Company: BIOVIE INC.
Filing Date: 2025-08-08
Form: 424B5
Chunk 68
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 impact our ability to comply with the reporting requirements of U.S. securities laws, which could have a materially adverse effect on our business.

Our officers have limited public company experience,
which could impair our ability to comply with legal and regulatory requirements such as those imposed by Sarbanes-Oxley Act of 2002. Such
responsibilities include complying with federal securities laws and making required disclosures on a timely basis. Any such deficiencies,
weaknesses or lack of compliance could have a materially adverse effect on our ability to comply with the reporting requirements of the
Exchange Act, which is necessary to maintain our public company status. If we were to fail to fulfill those obligations, our ability to
continue as a U.S. public company would be in jeopardy in which event you could lose your entire investment in our Company.

We are considered a smaller reporting company that is exempt from certain disclosure requirements, which could make our stock less attractive to potential investors.

Rule 12b-2 of the Exchange Act defines a “smaller
reporting company” as an issuer that is not an investment company, an asset-backed issuer, or a majority-owned subsidiary of a parent
that is not a smaller reporting company and that:

| · | Had a public float of less than $250 million as of the last business day of its most recently completed                                    
 fiscal quarter, computed by multiplying the aggregate number of worldwide number of shares of its voting and non-voting common equity      
 held by non-affiliates by the price at which the common equity was last sold, or the average of the bid and asked prices of common equity, 
 in the principle market for the common equity; or                                                                                          |

| · | In the case of an initial registration statement under the Securities Act or the Exchange Act for shares                                     
 of its common equity, had a public float of less than $250 million as of a date within 30 days of the date of the filing of the registration 
 statement, computed by multiplying the aggregate worldwide number of such shares held by non-affiliates before the registration plus,        
 in the case of a Securities Act registration statement, the number of such shares included in the registration statement by the estimated    
 public offering price of the shares; or                                                                                                      |

| · | In the case of an issuer who had annual revenue of less than $100 million during the most recently completed                                   
 fiscal year for which audit financial statements are available, had a public float as calculated under paragraph (1) or (2) of this definition 
 that was either zero