Company: BIVIW
Filing Date: 2025-08-04
Form Type: S-1/A
Source: 0001520138-25-000235
Chunk: 139

Company: BIOVIE INC.
Filing Date: 2025-08-04
Form: S-1/A
Chunk 139
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 of our Company.

Anti-Takeover Effects of Our Articles of
Incorporation and Bylaws

Our Articles of Incorporation and Bylaws contain
certain provisions that may have anti-takeover effects, making it more difficult for or preventing a third party from acquiring control
of us or changing our board of directors and management. According to our Articles of Incorporation and Bylaws, neither the holders of
our Common Stock nor the holders of any preferred stock we may issue in the future have cumulative voting rights in the election of our
directors. The combination of the present ownership by a few stockholders of a significant portion of our issued and outstanding Common
Stock and lack of cumulative voting makes it more difficult for other stockholders to replace our board of directors or for a third party
to obtain control of us by replacing our board of directors.

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Underwriting</div>

We have entered into an underwriting agreement
dated , 2025 with ThinkEquity LLC, as the representative
of the underwriters (the “Representative”), with respect to the securities sold in this offering. Subject to the terms and
conditions of the underwriting agreement, we have agreed to sell to the underwriters named below, and the underwriters have agreed, severally
and not jointly, to purchase from us the securities set forth opposite the underwriter’s name in the following table at the public
offering price less the underwriting discounts set forth in the cover page of this prospectus:

| Underwriter     |     | Number of 
 Units     |     | Number of        
 Pre-funded Units |
| ThinkEquity LLC |     |           |     |                  |
| Total           |     |           |     |                  |

The underwriters have committed to purchase all
of the securities offered by us other than those covered by the over-allotment option described below, if they purchase any securities.
The obligations of the underwriters may be terminated upon the occurrence of certain events specified in the underwriting agreement. Furthermore,
pursuant to the underwriting agreement, the underwriters’ obligations are subject to customary conditions, representations and warranties
contained in the underwriting agreement, such as receipt by the underwriters of officers’ certificates and legal opinions.

The underwriters are offering the securities,
subject to prior sale, when, as and if issued to and accepted by them, subject to approval of legal matters by their counsel and other
conditions contained in the underwriting agreement. The underwriters reserve