Company: BIVIW
Filing Date: 2025-08-11
Form Type: 8-K
Source: 0001520138-25-000249
Chunk: 1

Company: BIOVIE INC.
Filing Date: 2025-08-11
Form: 8-K
Item: Item 1.01
Chunk 1
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 exercised at any time until exercised in full. The Common
Stock and accompanying Warrants included in each Unit were issued separately, and the Pre-Funded Warrants and the accompanying Warrants
included in each Pre-Funded Unit were issued separately.

The Offering closed on August 11, 2025 (the “Closing Date”).
The Company intends to use the proceeds for working capital and general corporate purposes.

Pursuant to the Underwriting Agreement, the Company granted the Underwriter
an option to purchase up to an additional 900,000 shares of Common Stock and/or Pre-Funded Warrants and/or Warrants, or any combination
thereof, solely to cover over-allotments, if any, at the public offering price, less underwriting discounts and commissions (the “Over-Allotment
Option”). The Underwriter may exercise the Over-Allotment Option one or more times in whole or in part for forty-five (45) days
from the Closing Date.

In connection with the Offering, the Company issued to the Underwriter warrants (the “Underwriter’s
Warrants”) to purchase 300,000 shares of Common Stock. The Underwriter’s Warrants have an exercise price of $2.50 per
share. The Underwriter’s Warrants are immediately exercisable, in whole or in part, and expire on the four- and one-half year anniversary
of the date that is one hundred eighty (180) days from the date of the Underwriting Agreement. The Underwriter’s Warrants provide
for registration rights (including a one-time demand registration right and unlimited piggyback rights) and customary anti-dilution provisions.

On the Closing Date, the Company also entered into a warrant agent
agreement (the “ Warrant Agent Agreement”) with West Coast Stock Transfer, Inc., as warrant agent (the “Warrant
Agent”). The Warrant Agent Agreement sets forth certain terms and conditions with respect to the Warrant Agent’s service
as warrant agent for the Warrants.

The Underwriting Agreement contains customary representations, warranties
and agreements by the Company, customary conditions to closing, indemnification obligations of the Company and the Underwriter, including
for liabilities under the Securities Act of 1933, as amended (the “Securities Act”), other obligations of the parties
and termination provisions. In addition, pursuant to the terms of the Underwriting Agreement, the Company has agreed, for a period of
three (3) months from the date of the Underwriting Agreement,