Company: BIVIW
Filing Date: 2025-10-06
Form Type: POS AM
Source: 0001520138-25-000294
Chunk: 17

Company: BIOVIE INC.
Filing Date: 2025-10-06
Form: POS AM
Chunk 17
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 of our Common
Stock to decline, and delay the development of our product candidates. Pending their use, we may invest the net proceeds from this offering
in short-term, interest-bearing instruments. These investments may not yield a favorable return, or any return, to us or our stockholders.

Any failure to maintain effective internal control over financial reporting could harm us.

Our management is responsible for establishing and
maintaining adequate internal control over financial reporting. Internal control over financial reporting is a process designed to provide
reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements in accordance with U.S.
generally accepted accounting principles. Under standards established by the Public Company Accounting Oversight Board (“PCAOB”),
a deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or
personnel, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. The PCAOB
defines a material weakness as a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there
is a reasonable possibility that a material misstatement of annual or interim financial statements will not be prevented, or detected
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