Company: BIVIW
Filing Date: 2025-06-02
Form Type: DEF 14A
Source: 0001520138-25-000166
Chunk: 20

Company: BIOVIE INC.
Filing Date: 2025-06-02
Form: DEF 14A
Chunk 20
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 transmittal letter will be accompanied by instructions specifying how you can exchange your certificate representing the pre-split
shares of our common stock for a statement of holding. When you submit your certificate representing the pre-split shares of our common
stock, your post-split shares of our common stock will be held electronically in book-entry form in the Direct Registration System. This
means that, instead of receiving a new stock certificate, you will receive a statement of holding that indicates the number of post-split
shares you own in book-entry form. We will no longer issue physical stock certificates unless you make a specific request for a share
certificate representing your post-split ownership interest.

Stockholders should not destroy any stock certificate(s) and should not submit any certificate(s) until requested to do so.

Beginning on the effective time of the reverse stock
split, each certificate representing pre-split shares will be deemed for all corporate purposes to evidence ownership of post-split shares.

Fractional Shares

No fractional shares will be issued in connection with
the reverse stock split. Instead, we will issue one full share of the post-reverse stock split common stock to any stockholder who would
have been entitled to receive a fractional share as a result of the process. Each common stockholder will hold the same percentage of
the outstanding common stock immediately following the reverse stock split as that stockholder did immediately prior to the reverse stock
split, except for minor adjustment due to the additional net share fraction that will need to be issued as a result of the treatment of
fractional shares.

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No Dissenter’s Rights

Under the Nevada Law, our stockholders are not entitled
to dissenter’s rights with respect to the reverse stock split and we will not independently provide our stockholders with any such
right.

Federal Income Tax Consequences of the Reverse Stock Split

The following is a summary of important tax considerations
of the reverse stock split. It addresses only stockholders who hold our common stock as capital assets. It does not purport to be complete
and does not address stockholders subject to special rules, such as financial institutions, tax-exempt organizations, insurance companies,
dealers in securities, foreign stockholders, stockholders who hold their pre-reverse stock split shares as part of a straddle, hedge or
conversion transaction, and stockholders who acquired their pre-reverse stock split shares pursuant to the exercise of employee stock
options or otherwise as compensation. This summary is based upon current law, which may change, possibly