Company: BIVIW
Filing Date: 2025-08-08
Form Type: 424B5
Source: 0001520138-25-000247
Chunk: 210

Company: BIOVIE INC.
Filing Date: 2025-08-08
Form: 424B5
Chunk 210
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 price ranging from
$1.88 to $3.54, which was equal to 125% of the offering price per share in the applicable October Offering. The October Placement Agent’s
Warrants are exercisable during a five-year period commencing 180 days from each of the respective closing dates of the October Offerings.

During the three months ended December 31, 2024, 1,896,300
of common warrants from the September 2024 Offering were exercised at $1.53 per share for proceeds totaling approximately $2.9 million,
and 335,000 September Pre-funded Warrants were also exercised. In addition, 6,667 September Placement Agent’s Warrants were exercised
on a cashless exercise basis and 4,214 common shares were issued.

Issuance of common stock for services:

On August 12, 2024, the Company awarded 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.

Stock Options

The following table summarizes the activity relating to the Company’s
stock options for the nine months ended March 31, 2025:

| Schedule of summarizes the activity relating to the Company’s stock options |     | Options |         |   |     | Weighted- 
 Average   
 Exercise  
 Price     |       |     | Weighted    
 Remaining   
 Average     
 Contractual 
 Term        |     |     | Aggregate 
 Intrinsic 
 Value     |   |
|:----------------------------------------------------------------------------|:----|:--------|--------:|:--|:----|:----------|------:|:----|:------------|----:|:----|:----------|:--|
| Outstanding at June 30, 2024                                                |     |         | 518,076 |   |     | $         | 54.11 |     |             | 6.1 |     | $         | - |
| Options Granted                                                             |     |         | 490,261 |   |     |           |  2.40 |     |             | 7.1 |     |           | - |
| Options Expired                                                             |     |         | (38,806 | ) |     |           | 62.48 |     |             |   - |     |           | - |
|