Company: BIVIW
Filing Date: 2025-08-08
Form Type: 424B5
Source: 0001520138-25-000247
Chunk: 0

Company: BIOVIE INC.
Filing Date: 2025-08-08
Form: 424B5
Chunk 0
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Filed pursuant to Rule 424(b)(5)

Registration Statement No. 333-288525

PROSPECTUS

5,620,000 Units, Each Consisting of One Share of Class A Common Stock and One Warrant to Purchase One Share of Class A Common Stock

380,000 Pre-Funded Units, Each Consisting of One Pre-Funded Warrant to Purchase One Share of Class A Common Stock and One Warrant to Purchase One Share of Class A Common Stock

6,000,000 Shares of Class A Common Stock Underlying the Warrants

380,000 Shares of Class A Common Stock Underlying the Pre-Funded Warrants

BioVie Inc.

We are offering 5,620,000 units (“Units”) in a firm commitment underwritten offering, with each Unit consisting of (i) one share of Class A Common Stock, par value $0.0001 per share (the “Common Stock”), and (ii) one warrant to purchase one share of Common Stock (“Warrant”) at a public offering price of $2.00 per Unit.

We are also offering 380,000 pre-funded units
(the “Pre-funded Units”), with each Pre-funded Unit consisting of (i) one pre-funded warrant (“Pre-funded Warrant”)
to purchase one share of our Common Stock and (ii) one Warrant to purchase one share of Common Stock, to those purchasers whose purchase
of Units in this offering would otherwise result in the purchaser, together with its affiliates and certain related parties, beneficially
owning more than 4.99% (or, at the election of the purchaser, 9.99%) of our outstanding shares of Common Stock immediately following the
consummation of this offering. The purchase price of each Pre-funded Unit is equal to the price per Unit being sold to the public in this
offering, minus $0.0001.

Each Warrant will entitle the holder to purchase one share of Common Stock at an exercise price of $2.50 (representing 125% of the public offering price of $2.00 per Unit) and expire five (5) years from date of issuance. Each Pre-funded Warrant will be immediately exercisable and may be exercised at any time until all of the Pre-funded Warrants are exercised in full.

The Common Stock and Pre-funded Warrants, as the case may be, and the accompanying Warrants, can only be purchased together in this offering but will be issued separately and will be immediately separable