Company: BIVIW
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001520138-25-000144
Chunk: 25

Company: BIOVIE INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 25
---
763,941  
    $-  
    $-  
    $12,763,941 
  
    U.S. Treasury Bills due in 3 months or less at purchase 
     11,079,857  
     -  
     -  
     11,079,857 

    Total 
    $23,843,798  
    $-  
    $-  
    $23,843,798 

    8.
    Equity Transactions

Issuance of common stock for cash

On March 6, 2024, the Company closed a best efforts
public offering (the “Offering”) of 15,000,000
shares (the “Shares”) of its Common Stock, pre-funded warrants (the “Pre-funded Warrants”) to purchase
6,000,000
shares of Common Stock, and warrants to purchase up to 10,500,000
shares of Common Stock (the “Common Warrants”) at a combined public offering price of $1.00
per Share, or Pre-funded Warrant, and the associated Common Warrant. The Common Warrants have an
exercise price of $1.50
per share and are immediately exercisable upon issuance for a period of five years following the
date of issuance. The gross proceeds to the Company from the Offering were approximately $21.0
million, before deducting placement agent fees and offering expenses of approximately $2.5 million. Additionally, upon closing the Company
issued the placement agent warrants (“Placement Agent’s warrants”) to purchase 1,050,000
shares of Common Stock exercisable at a per share price of $1.25,
which was equal to 125% of the public offering price per share. The Placement Agent’s Warrants are exercisable during a five-year
period commencing 180 days from March 6, 2024.

On September 25, 2024, the Company closed a best efforts
public offering (the “September 2024 Offering”) of 1,360,800 shares of its common stock, par value $0.0001 per share, pre-funded
warrants (the “September Pre-funded Warrants”) to purchase 600,000 shares of Common Stock, and warrants to purchase up to
1,960,800 shares of Common Stock (the “September Common Warrants”) at a combined public offering price of $1.53 per share,
or September Pre