SEC Filing Document

Company: BIOVENTRIX, INC.
Ticker: 
CIK: 1283259
Filing Type: S-1
Document Type: EX-3.1
Date Filed: 2026-02-12
Accession Number: 0001493152-26-006407
Exchange: 
SIC Code: 3841
SIC Description: Surgical & Medical Instruments & Apparatus
URL: https://www.sec.gov/Archives/edgar/data/1283259/000149315226006407/ex3-1.htm

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have been surrendered for conversion as herein provided shall no longer be deemed to be outstanding and all rights with respect to such shares shall immediately cease and terminate at the Conversion Time, except only the right of the holders thereof to receive shares of Common Stock in exchange therefor and to receive payment of any dividends declared but unpaid thereon. Any shares of Preferred Stock so converted shall be retired and cancelled and may not be reissued as shares of such series, and the Corporation may thereafter take such appropriate action (without the need for stockholder action) as may be necessary to reduce the authorized number of shares of Preferred Stock accordingly. No Further Adjustment. Upon any such conversion, no adjustment to the Conversion Price shall be made for any declared but unpaid dividends on the Preferred Stock surrendered for conversion or on the Common Stock delivered upon conversion.

Taxes. The Corporation shall pay any and all issue and other similar taxes that may be payable in respect of any issuance or delivery
of shares of Common Stock upon conversion of shares of Preferred Stock pursuant to this Section 4. The Corporation shall not,
however, be required to pay any tax which may be payable in respect of any transfer involved in the issuance and delivery of shares of
Common Stock in a name other than that in which the shares of Preferred Stock so converted were registered, and no such issuance or delivery
shall be made unless and until the person or entity requesting such issuance has paid to the Corporation the amount of any such tax or
has established, to the satisfaction of the Corporation, that such tax has been paid.

Adjustments to Conversion Price for Diluting Issues.

Special Definitions. For purposes of this Article Fourth, the following definitions shall apply:

“Additional Shares of Common Stock” shall mean all shares of Common Stock issued (or, pursuant to Section 4.4.3
below, deemed to be issued) by the Corporation after the Original Issue Date, other than (1) the following shares of Common Stock and
(2) shares of Common Stock deemed issued pursuant to the following Options and Convertible Securities (clauses (1) and (2), collectively,
“Exempted Securities”):

to any series of Preferred Stock shares of Common Stock, Options or Convertible Securities
issued as a dividend or distribution on such series of Preferred Stock;

(ii)	shares
of Common Stock, Options or Convertible Securities issued by reason of a dividend, stock
split, split-up or other distribution on shares of Common Stock that is covered by Section

(iii)	shares
of Common Stock or Options issued to employees or directors of, or consultants or advisors
to, the Corporation or any of its subsidiaries pursuant to a plan, agreement or arrangement
approved by the Board of Directors of the Corporation, including the approval of at least
one (1) Preferred Director;

(iv)	shares
of Common Stock or Convertible Securities actually issued upon the exercise of Options or
shares of Common Stock actually issued upon the conversion or exchange of Convertible Securities,
in each case provided such issuance is pursuant to the terms of such Option or Convertible
Security;

(v)	shares
of Common Stock, Options or Convertible Securities issued to suppliers or third party service
providers in connection with the provision of goods or services pursuant to transactions
approved by the Board of Directors of the Corporation, including the approval of at least
one (1) Preferred Director;

(vi)	shares
of Common Stock, Options or Convertible Securities issued as acquisition consideration pursuant
to the acquisition of another corporation by the Corporation by merger, purchase of substantially
all of the assets or other reorganization or to a joint venture agreement, provided
that such issuances are approved by the Board of Directors of the Corporation, including
the approval of at least one (1) Preferred Director;

(vii)	shares
of Common Stock issued to the former stockholders of MateraCor, Inc. pursuant to that certain
Agreement and Plan of Merger by and among the Corporation, MateraCor, Inc., BVX Acquisition,
Inc. and the stockholders of MateraCor, Inc., dated as of January 6, 2022;

(viii)	shares
of Common Stock, Options or Convertible Securities issued as acquisition consideration pursuant
to the acquisition of another corporation by the Corporation by merger, purchase of substantially
all of the assets or other reorganization or to a joint venture agreement, provided
that such issuances are approved by the Board of Directors of the Corporation, including
the approval of at least one (1) Preferred Director; or

(ix)	shares
of Common Stock, Options or Convertible Securities issued in connection with sponsored research,
collaboration, technology license, development, OEM, marketing or other similar agreements
or strategic partnerships approved by the Board of Directors of the Corporation, including
the approval of at least one (1) Preferred Director.

“Convertible Securities” shall mean any evidences of indebtedness, shares or other securities directly or indirectly
convertible into or exchangeable for Common Stock, but excluding Options.

“Option” shall mean rights, options or warrants to subscribe for, purchase or otherwise acquire Common Stock or Convertible
Securities.

No Adjustment of Conversion Price. No adjustment in the Conversion Price shall be made as the result of the issuance or deemed
issuance of Additional Shares of Common Stock if the Corporation receives written notice from the Requisite Holders agreeing that no
such adjustment shall be made as the result of the issuance or deemed issuance of such Additional Shares of Common Stock.

Deemed Issue of Additional Shares of Common Stock.

If the Corporation at any time or from time to time after the Original Issue Date shall issue any Options or Convertible Securities (excluding
Options or Convertible Securities which are themselves Exempted Securities) or shall fix a record date for the determination of holders
of any class of securities entitled to receive any such Options or Convertible Securities, then the maximum number of shares of Common
Stock (as set forth in the instrument relating thereto, assuming the satisfaction of any conditions to exercisability, convertibility
or exchangeability but without regard to any provision contained therein for a subsequent adjustment of such number) issuable upon the
exercise of such Options or, in the case of Convertible Securities and Options therefor, the conversion or exchange of such Convertible
Securities, shall be deemed to be Additional Shares of Common Stock issued as of the time of such issue or, in case such a record date
shall have been fixed, as of the close of business on such record date.

If the terms of any Option or Convertible Security, the issuance of which resulted in an adjustment to the Conversion Price pursuant
to the terms of Section 4.4.4, are revised as a result of an amendment to such terms or any other adjustment pursuant to the provisions
of such Option or Convertible Security (but excluding automatic adjustments to such terms pursuant to anti-dilution or similar provisions
of such Option or Convertible Security) to provide for either (1) any increase or decrease in the number of shares of Common Stock issuable
upon the exercise, conversion and/or exchange of any such Option or Convertible Security or (2) any increase or decrease in the consideration
payable to the Corporation upon such exercise, conversion and/or exchange, then, effective upon such increase or decrease becoming effective,
the Conversion Price computed upon the original issue of such Option or Convertible Security (or upon the occurrence of a record date
with respect thereto) shall be readjusted to such Conversion Price as would have obtained had such revised terms been in effect upon
the original date of issuance of such Option or Convertible Security. Notwithstanding the foregoing, no readjustment pursuant to this
clause (b) shall have the effect of increasing the Conversion Price to an amount which exceeds the lower of (i) the Conversion
Price in effect immediately prior to the original adjustment made as a result of the issuance of such Option or Convertible Security,
or (ii) the Conversion Price that would have resulted from any issuances of Additional Shares of Common Stock (other than deemed issuances
of Additional Shares of Common Stock as a result of the issuance of such Option or Convertible Security) between the original adjustment
date and such readjustment date.