Company: BIVIW
Filing Date: 2025-10-06
Form Type: POS AM
Source: 0001520138-25-000294
Chunk: 30

Company: BIOVIE INC.
Filing Date: 2025-10-06
Form: POS AM
Chunk 30
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that is, crossing any of the three thresholds described above. We have not opted out of the control share statutes, and will be subject
to these statutes if we are an “issuing corporation” as defined in such statutes.

The effect of the Nevada control share statutes is
that the acquiring person, and those acting in association with the acquiring person, will obtain only such voting rights in the control
shares as are conferred by a resolution of the stockholders at an annual or special meeting. The Nevada control share law, if applicable,
could have the effect of discouraging takeovers of our Company.

Anti-Takeover Effects of Our Articles of Incorporation and Bylaws

Our Articles of Incorporation and Bylaws contain certain
provisions that may have anti-takeover effects, making it more difficult for or preventing a third party from acquiring control of us
or changing our board of directors and management. According to our Articles of Incorporation and Bylaws, neither the holders of our Common
Stock nor the holders of any preferred stock we may issue in the future have cumulative voting rights in the election of our directors.
The combination of the present ownership by a few stockholders of a significant portion of our issued and outstanding Common Stock and
lack of cumulative voting makes it more difficult for other stockholders to replace our board of directors or for a third party to obtain
control of us by replacing our board of directors.

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<div align='center'>PLAN OF DISTRIBUTION</div>

We are offering up to 380,000 shares of Common Stock
issuable upon exercise of outstanding Pre-Funded Warrants with an exercise price of $0.0001 per share and up to 6,000,000 Warrants with
an exercise price of $2.50 per share. We will receive proceeds upon exercise of the Pre-Funded Warrants and Warrants. Pursuant to the
terms of the Pre-Funded Warrants and Warrants, the shares of Common Stock will be distributed to those holders who deliver a duly executed
notice and payment in full in immediately available funds for the number of shares of Common Stock purchased upon such exercise. Upon
receipt of proper notice by any of the holders of the Pre-Funded Warrants or Warrants that such holder desires to exercise a Pre-Funded
Warrant or Warrant, we will, within the time allotted by the agreement governing the Pre-Funded Warrant and Warrant, issue instructions
to our transfer agent to issue to the holder shares of Common