Company: BIVIW
Filing Date: 2025-06-27
Form Type: 8-K
Source: 0001520138-25-000190
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Company: BIOVIE INC.
Filing Date: 2025-06-27
Form: 8-K
Item: Item 3.03
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Item 3.03 Material Modification to Rights of Security Holders.

As previously
reported, at a special meeting of stockholders ofBioVie Inc. ( the “ Company”)
held on June 23, 2025(the “ Special Meeting”), the Company’s stockholders approved a proposal authorizing the
board of directors of the Company (the “ Board”), in its sole discretion, prior to the one-year anniversary of the Special
Meeting, to effect a reverse stock split of the outstanding shares of the Company’s Class A common stock (“ Common Stock”)
at a reverse split ratio of between 1-for-5 and 1-for-10 as determined by the Board, whereby every 5 to 10 shares of the authorized, issued
and outstanding Common Stock will be combined into one share of authorized, issued and outstanding Common Stock.

On June 26,
2025, pursuant to the authority granted by the Company’s stockholders, the Board effectuated and approved a one-for-ten (1:10) reverse
stock split ratio (the “ Reverse Stock Split”) of the Common Stock. The Reverse Stock Split will become effective at
12:01 am Eastern Time on July 7, 2025 (the “ Effective Time”). When the Reverse Stock Split becomes effective, every ten (10)
shares of the Company’s issued and outstanding Common Stock immediately prior to the Effective Time shall automatically be reclassified
into one (1) share of Common Stock, without any change in the par value per share. The Reverse Stock Split will reduce the number of shares
of Common Stock issuable upon the exercise or vesting of the Company’s outstanding stock options, restricted stock units and warrants
in proportion to the ratio of the Reverse Stock Split and will cause a proportionate increase in the exercise prices of such stock options
and warrants. The Reverse Stock Split will not change the total number of authorized shares of Common Stock.

No fractional shares will be issued as a result of
the Reverse Stock Split. Stockholders who otherwise would be entitled to receive a fractional share in connection with the Reverse Stock
Split will receive one full share of the post-reverse stock split Common Stock in lieu of such fractional share.

West Coast Stock Transfer, Inc. is acting as exchange
agent for the Reverse Stock Split and will correspond stockholders of record regarding the Reverse Stock Split. Stockholders who hold
their shares in book-entry form or in “street name” (through a broker, bank or other
holder of record)are not required