Company: BIVIW
Filing Date: 2025-05-15
Form Type: DRS
Source: 0001520138-25-000149
Chunk: 2

Company: BIOVIE INC.
Filing Date: 2025-05-15
Form: DRS
Chunk 2
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 Consisting of One Share of Class A Common Stock and One Warrant to Purchase One Share of Class A Common Stock

Pre-Funded Units, Each Consisting of One Pre-Funded Warrant to Purchase One Share of Class A Common Stock and One Warrant to Purchase One Share of Class A Common Stock

Shares of Class A Common Stock Underlying the Warrants

Shares of Class A Common Stock Underlying the Pre-Funded Warrants

BioVie Inc.

We are offering
units (“Units”) in a firm commitment underwritten offering, with each Unit consisting of (i) one share of Class A Common Stock,
par value $0.0001 per share (the “Common Stock”), and (ii) one warrant to purchase one share of Common Stock (“Warrant”)
at an assumed public offering price of $ per Unit, the last reported sale price of
our Common Stock as reported on The Nasdaq Capital Market (“Nasdaq”) on May , 2025. The actual public offering
price per Unit will be determined between us and the underwriters at the time of pricing and may be at a discount to this assumed offering
price. Therefore, the assumed public offering price used throughout this prospectus may not be indicative of the actual public offering
price.

We are also offering
pre-funded units (the “Pre-funded Units”), with each Pre-funded Unit consisting of (i) one pre-funded warrant (“Pre-funded
Warrant”) to purchase one share of our Common Stock and (ii) one Warrant to purchase one share of Common Stock, to those purchasers
whose purchase of Units in this offering would otherwise result in the purchaser, together with its affiliates and certain related parties,
beneficially owning more than 4.99% (or, at the election of the purchaser, 9.99%) of our outstanding shares of Common Stock immediately
following the consummation of this offering. The purchase price of each Pre-funded Unit is equal to the price per Unit being sold to the
public in this offering, minus $0.0001.

Each Warrant will entitle the holder to purchase
one share of Common Stock at an exercise price of $ and expire years
from date of issuance. Each Pre-funded Warrant 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