Company: BIVIW
Filing Date: 2025-07-22
Form Type: S-1/A
Source: 0001520138-25-000216
Chunk: 72

Company: BIOVIE INC.
Filing Date: 2025-07-22
Form: S-1/A
Chunk 72
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 of our business. We do not anticipate paying any cash dividends on our Common Stock in the foreseeable future.
Unless we pay dividends, our stockholders will not be able to receive a return on their shares unless they sell them. There is no assurance
that stockholders will be able to sell shares when desired.

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We are authorized to issue “blank check” preferred stock without stockholder approval, which could adversely impact the rights of holders of our securities.

Our Articles of Incorporation authorize us to
issue up to 10,000,000 shares of blank check preferred stock. Any preferred stock that we issue in the future may rank ahead of our Common
Stock in terms of dividend priority or liquidation premiums and may have greater voting rights than our Common Stock. Any preferred stock
issued may contain provisions allowing those shares to be converted into shares of Common Stock, which could dilute the value of our Common
Stock to current stockholders and could adversely affect the market price, if any, of our Common Stock. The preferred stock could be utilized,
under certain circumstances, as a method of discouraging, delaying, or preventing a change in control of our company. Although we have
no present intention to issue any shares of our authorized preferred stock, there can be no assurance that we will not do so in the future.

Provisions in our Articles of Incorporation, our Bylaws, and Nevada law might discourage, delay or prevent a change in control of our company or changes in our management and, therefore, depress the trading price of our Common Stock.

Provisions of our Articles of Incorporation, our
Bylaws, and Nevada law may have the effect of deterring unsolicited takeovers or delaying or preventing a change in control of our company
or changes in our management, including transactions in which our stockholders might otherwise receive a premium for their shares over
then current market prices. In addition, these provisions may limit the ability of stockholders to approve transactions that they may
deem to be in their best interests. These provisions include:

| · | the inability of stockholders to call special meetings; |

| · | the “business combinations” and “control share acquisitions” provisions of Nevada                                                           
 law, to the extent applicable, could discourage attempts to acquire our stockholders stock even on terms above the prevailing market price; 
 and                                                                                                                                         |

| · | the ability of our board of directors to designate the terms of and issue new series of preferred stock                                
 without stockholder approval,