Company: BIVIW
Filing Date: 2025-08-08
Form Type: 424B5
Source: 0001520138-25-000247
Chunk: 143

Company: BIOVIE INC.
Filing Date: 2025-08-08
Form: 424B5
Chunk 143
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 Regulation M under the Exchange Act, during a period before the commencement of offers or sales of the securities and
extending through the completion of the distribution. A passive market maker must display its bid at a price not in excess of the highest
independent bid of that security. However, if all independent bids are lowered below the passive market maker’s bid, then that bid
must then be lowered when specified purchase limits are exceeded.

Other Relationships

From time to time, the underwriters and/or its
affiliates may in the future provide, various investment banking and other financial services for us for which they may receive customary
fees. In the course of their businesses, the placement and their affiliates may actively trade our securities or loans for their own account
or for the accounts of customers, and, accordingly, the underwriters and their affiliates may at any time hold long or short positions
in such securities or loans. Except for services provided in connection with this offering and described below, the underwriters have
not provided any investment banking or other financial services to us during the 180-day period preceding the date of this offering circular.

Selling Restrictions

Other than in the United States, no action has
been taken by us or the underwriters that would permit a public offering of the securities offered by this prospectus in any jurisdiction
where action for that purpose is required. The securities offered by this prospectus may not be offered or sold, directly or indirectly,
nor may this prospectus or any other offering material or advertisements in connection with the offer and sale of any such securities
be distributed or published in any jurisdiction, except under circumstances that will result in compliance with the applicable rules and
regulations of that jurisdiction. Persons into whose possession this prospectus comes are advised to inform themselves about and to observe
any restrictions relating to the offering and the distribution of this prospectus. This prospectus does not constitute an offer to sell
or a solicitation of an offer to buy any securities offered by this prospectus in any jurisdiction in which such an offer or a solicitation
is unlawful.

European Economic Area

In relation to each member state of the European
Economic Area that has implemented the Prospectus Directive (each, a relevant member state), with effect from and including the date on
which the Prospectus Directive is implemented in that relevant member state (the relevant implementation date), an offer of securities
described in this prospectus may not be made to the public in that relevant member state other than:

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