Company: BIVIW
Filing Date: 2025-10-06
Form Type: POS AM
Source: 0001520138-25-000294
Chunk: 19

Company: BIOVIE INC.
Filing Date: 2025-10-06
Form: POS AM
Chunk 19
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 are required to file periodic reports with the
SEC pursuant to the Exchange Act and the rules and regulations thereunder. In order to comply with such requirements, our independent
registered auditors have to review our financial statements on a quarterly basis and audit our financial statements on an annual basis.
Moreover, our legal counsel has to review and assist in the preparation of such reports. Factors such as the number and type of transactions
that we engage in and the complexity of our reports cannot accurately be determined at this time and may have a major negative effect
on the cost and amount of time to be spent by our auditors and attorneys. However, the incurrence of such costs is an expense to our operations
and thus has a negative effect on our ability to meet our overhead requirements and earn a profit.

Because we do not intend to pay any cash dividends on our Common Stock, our stockholders will not be able to receive a return on their shares unless they sell them.

We intend to retain any future earnings to finance
the development and expansion 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