Company: BIVIW
Filing Date: 2025-05-08
Form Type: PRE 14A
Source: 0001520138-25-000142
Chunk: 16

Company: BIOVIE INC.
Filing Date: 2025-05-08
Form: PRE 14A
Chunk 16
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 been entitled
to receive a fractional share as a result of the process.

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The principal effect of the reverse stock split will
be that (i) the number of shares of common stock issued and outstanding will be reduced from [______] shares as of June [____], 2025 to
a number of shares between and including one-fifth to one-tenth that amount, as the case may be based on the ratio for the reverse stock
split as determined by the Board of Directors, and (ii) all outstanding options and warrants entitling the holders thereof to purchase
shares of common stock will enable such holders to purchase, upon exercise of their options or warrants, as applicable, between and including
one-fifth to one-tenth of the number of shares of common stock which such holders would have been able to purchase upon exercise of their
options or warrants, as applicable, immediately preceding the reverse stock split at an exercise price equal to between and including
five to ten times the exercise price specified before the reverse stock split, resulting in essentially the same aggregate price being
required to be paid therefor upon exercise thereof immediately preceding the reverse stock split, as the case may be based on the ratio
for the reverse stock split as determined by the Board of Directors.

The proposed reverse stock split will not change the
terms of our common stock. The shares of new common stock will have the same voting rights and rights to dividends and distributions and
will be identical in all other respects to the common stock now authorized. The common stock issued pursuant to the reverse stock split
will remain fully paid and non-assessable. The reverse stock split is not intended as, and will not have the effect of, a “going
private transaction” covered by Rule 13e-3 under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
We will continue to be subject to the periodic reporting requirements of the Exchange Act.

Accounting Matters

The reverse stock split will not affect the par value
of our common stock. As a result, on the effective date of the reverse stock split, the stated capital on our balance sheet attributable
to the common stock will be reduced to between and including one-fifth to one-tenth of its present amount, as the case may be based on
the ratio for the reverse stock split as determined by the Board of Directors, and the additional paid-in capital account shall be credited
with the amount by which the stated capital is reduced.