SEC Filing Document

Company: BIOVENTRIX, INC.
Ticker: 
CIK: 1283259
Filing Type: DRS/A
Document Type: EX-3.1
Date Filed: 2025-12-12
Accession Number: 0001493152-25-027406
Exchange: 
SIC Code: 3841
SIC Description: Surgical & Medical Instruments & Apparatus
URL: https://www.sec.gov/Archives/edgar/data/1283259/000149315225027406/filename2.htm

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obligations in connection with such Deemed Liquidation Event shall be deemed to be Additional Consideration. 3. Voting. 3.1 General. On any matter presented to the stockholders of the Corporation for their action or consideration at any meeting of stockholders of the Corporation (or by written consent of stockholders in lieu of meeting), each holder of outstanding shares of Preferred Stock shall be entitled to cast the number of votes equal to the number of whole shares of Common Stock into which the shares of Preferred Stock held by such holder are convertible as of the record date for determining stockholders entitled to vote on such matter. Except as provided by law or by the other provisions of this Third Amended and Restated Certificate of Incorporation, holders of Preferred Stock shall vote together with the holders of Common Stock as a single class and on an as-converted to Common Stock basis.

3.2 Election
of Directors. The holders of record of the shares of Preferred Stock, exclusively and as a separate class, shall be entitled to elect
two (2) directors of the Corporation (the “Preferred Directors”) and the holders of record of the shares of Common
Stock, exclusively and as a separate class, shall be entitled to elect two (2) directors of the Corporation; provided, however,
for administrative convenience, the initial Preferred Directors may also be appointed by the Board of Directors in connection with the
approval of the initial issuance of Preferred Stock without a separate action by the holders of Preferred Stock. Any director elected
as provided in the preceding sentence may be removed without cause by, and only by, the affirmative vote of the holders of the shares
of the class or series of capital stock entitled to elect such director or directors, given either at a special meeting of such stockholders
duly called for that purpose or pursuant to a written consent of stockholders. If the holders of shares of Preferred Stock or Common
Stock, as the case may be, fail to elect a sufficient number of directors to fill all directorships for which they are entitled to elect
directors, voting exclusively and as a separate class, pursuant to the first sentence of this Section 3.2, then any directorship
not so filled shall remain vacant until such time as the holders of the Preferred Stock or Common Stock, as the case may be, elect a
person to fill such directorship by vote or written consent in lieu of a meeting; and no such directorship may be filled by stockholders
of the Corporation other than by the stockholders of the Corporation that are entitled to elect a person to fill such directorship, voting
exclusively and as a separate class. The holders of record of the shares of Common Stock and of any other class or series of voting stock
(including the Preferred Stock), exclusively and voting together as a single class, shall be entitled to elect the balance of the total
number of directors of the Corporation. At any meeting held for the purpose of electing a director, the presence in person or by proxy
of the holders of a majority of the outstanding shares of the class or series entitled to elect such director shall constitute a quorum
for the purpose of electing such director. Except as otherwise provided in this Section 3.2, a vacancy in any directorship filled
by the holders of any class or classes or series shall be filled only by vote or written consent in lieu of a meeting of the holders
of such class or classes or series or by any remaining director or directors elected by the holders of such class or classes or series
pursuant to this Section 3.2. The rights of the holders of the Preferred Stock and the rights of the holders of the Common Stock
under the first sentence of this Section 3.2 shall terminate on the first date following the date the first share of Series A
Preferred Stock was issued (the “Original Issue Date”) on which there are issued and outstanding less than 782,500
shares of Preferred Stock (subject to appropriate adjustment in the event of any stock dividend, stock split, combination, or other similar
recapitalization with respect to the Preferred Stock).

4. Optional
Conversion. The holders of the Preferred Stock shall have conversion rights as follows (the “Conversion Rights”):

4.1 Right
to Convert.

4.1.1 Conversion
Ratio. Each share of Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from time to time,
and without the payment of additional consideration by the holder thereof, into such number of fully paid and non-assessable shares of
Common Stock as is determined by dividing the Original Issue Price by the Conversion Price (as defined below) in effect at the time of
conversion. The “Conversion Price” applicable to the Series A Preferred Stock shall initially be equal to $10.00.
Such initial Conversion Price, and the rate at which shares of Preferred Stock may be converted into shares of Common Stock, shall be
subject to adjustment as provided below.

4.1.2 Termination
of Conversion Rights. In the event of a notice of redemption of any shares of Preferred Stock pursuant to Section 6, the Conversion
Rights of the shares designated for redemption shall terminate at the close of business on the last full day preceding the date fixed
for redemption, unless the redemption price is not fully paid on such redemption date, in which case the Conversion Rights for such shares
shall continue until such price is paid in full. In the event of a liquidation, dissolution or winding up of the Corporation or a Deemed
Liquidation Event, the Conversion Rights shall terminate at the close of business on the last full day preceding the date fixed for the
payment of any such amounts distributable on such event to the holders of Preferred Stock; provided that the foregoing termination
of Conversion Rights shall not affect the amount(s) otherwise paid or payable in accordance with Section 2.1 to holders of Preferred
Stock pursuant to such liquidation, dissolution or winding up of the Corporation or a Deemed Liquidation Event.

4.2 Fractional
Shares. No fractional shares of Common Stock shall be issued upon conversion of the Preferred Stock. In lieu of any fractional shares
to which the holder would otherwise be entitled, the number of shares of Common Stock to be issued upon conversion of the Preferred Stock
shall be rounded to the nearest whole share.

4.3 Mechanics
of Conversion.