Company: BIVIW
Filing Date: 2025-08-04
Form Type: S-1/A
Source: 0001520138-25-000235
Chunk: 3

Company: BIOVIE INC.
Filing Date: 2025-08-04
Form: S-1/A
Chunk 3
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 will be immediately exercisable and may be exercised at any time until all of the Pre-funded
Warrants are exercised in full. For each Pre-funded Unit we sell, the number of Units that we are offering will be decreased on a one-for-one
basis.

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 upon issuance. Pursuant to the registration statement of which this prospectus forms a part, we are also registering the shares of Common Stock issuable upon exercise of the Warrants and Pre-funded Warrants included in the Units and Pre-funded Units offered hereby.

Our shares of Common Stock are listed on Nasdaq
under the symbol “BIVI.” On July 25, 2025, the last reported sales price of our Common Stock on Nasdaq was $7.48
per share. There is no established trading market for the Pre-funded Warrants or Warrants. We intend to apply to list the Warrants on
Nasdaq under the symbol “BIVIW”. We cannot guarantee that the Warrants will be approved for listing on Nasdaq. We do not
intend to list the Pre-funded Warrants on any securities exchange or nationally recognized trading system and do not expect a trading
market to develop for the Pre-funded Warrants.

At a special meeting of the Company’s stockholders
held on June 23, 2025, the Company’s stockholders approved a proposal to grant the Board of Directors of the Company (the “Board”)
authority, in its sole discretion, prior to the one-year anniversary of such special meeting, to effect a reverse stock split of the outstanding
shares of Common Stock, at a ratio between 1-for-5 and 1-for-10. On June 26, 2025, pursuant to the authority granted by the Company’s
stockholders, the Board approved a reverse stock split of our Common Stock at a ratio of 1-for-10 (the “Reverse Stock Split”). The
Reverse Stock Split became effective at 12:01 a.m. Eastern Time on July 7, 2025. Other than our historical financial statements and notes
thereto included herein, and except where otherwise noted, all references to our Common Stock presented in this prospectus have been adjusted
to give retroactive effect to the Reverse Stock Split.

Investing in our Common Stock involves a high degree of risk