Company: BIVIW
Filing Date: 2025-02-11
Form Type: 10-Q
Source: 0001520138-25-000056
Chunk: 39

Company: BIOVIE INC.
Filing Date: 2025-02-11
Form: 10-Q
Item: Part II, Item 2
Chunk 39
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On August 12, 2024, the Company issued 15,000 shares
of Common Stock to a vendor as part of their fees in exchange for services. The fair value of the Common Stock at the date of issuance
was $2.23 per share. The stock-based compensation expense related to this Common Stock issuance was $33,450.

The offers, sales, and issuances of the securities
described above were deemed to be exempt from registration under the Securities Act in reliance on Section 4(a)(2) of the Securities Act
and/or Regulation D promulgated thereunder as transactions by an issuer not involving a public offering, as applicable. The recipients
of securities in each of these transactions acquired the securities for investment only and not with a view to or for sale in connection
with any distribution thereof and appropriate legends were affixed to the securities issued in these transactions. Each of the recipients
of securities in these transactions was an accredited or sophisticated person and had adequate access, through employment, business or
other relationships, to information about the Company.

Other than equity
securities issued in transactions disclosed above and on our Current Reports on Form 8-K filed with the SEC on October 22, 2024, October
24, 2024 and October 29, 2024, there were no unregistered sales of equity securities during the period.

Item 3. Defaults Upon Senior Securities

None

Item 4. Mine Safety Disclosures

None

Item 5. Other Information

None

 32 

Table of Contents 

Item 6. Exhibits

(a) Exhibit index

Exhibit

    31.1*
     
    Certification of Chief Executive Officer (Principal Executive Officer) required by Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as amended.

    31.2*
     
    Certification of Chief Financial Officer (Principal Financial Officer) required by Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as amended.

    32.1**
     
    Certifications of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

    32.2**
     
    Certification of Chief Financial Officer (Principal Financial Officer) pursuant to 18