Company: BIVIW
Filing Date: 2025-07-11
Form Type: S-1/A
Source: 0001520138-25-000205
Chunk: 70

Company: BIOVIE INC.
Filing Date: 2025-07-11
Form: S-1/A
Chunk 70
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and corrected, on a timely basis.

If we are unable to assert that our internal control
over financial reporting is effective, or when required in the future, if our independent registered public accounting firm is unable
to express an unqualified opinion as to the effectiveness of our internal control over financial reporting, investors may lose confidence
in the accuracy and completeness of our financial reports, the market price of our Common Stock could be adversely affected and we could
become subject to litigation or investigations by the stock exchange on which our securities are listed, the SEC or other regulatory authorities,
which could require additional financial and management resources.

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The lack of public company experience of our management team could adversely impact our ability to comply with the reporting requirements of U.S. securities laws, which could have a materially adverse effect on our business.

Our officers have limited public company experience,
which could impair our ability to comply with legal and regulatory requirements such as those imposed by Sarbanes-Oxley Act of 2002. Such
responsibilities include complying with federal securities laws and making required disclosures on a timely basis. Any such deficiencies,
weaknesses or lack of compliance could have a materially adverse effect on our ability to comply with the reporting requirements of the
Exchange Act, which is necessary to maintain our public company status. If we were to fail to fulfill those obligations, our ability to
continue as a U.S. public company would be in jeopardy in which event you could lose your entire investment in our Company.

We are considered a smaller reporting company that is exempt from certain disclosure requirements, which could make our stock less attractive to potential investors.

Rule 12b-2 of the Exchange Act defines a “smaller
reporting company” as an issuer that is not an investment company, an asset-backed issuer, or a majority-owned subsidiary of a parent
that is not a smaller reporting company and that:

| · | Had a public float of less than $250 million as of the last business day of its most recently completed                                    
 fiscal quarter, computed by multiplying the aggregate number of worldwide number of shares of its voting and non-voting common equity      
 held by non-affiliates by the price at which the common equity was last sold, or the average of the bid and asked prices of common equity, 
 in the principle market for the common equity; or                                                                                          |

| · | In the case of an initial registration statement under the Securities Act or the Exchange Act for shares                                     
 of its common equity,