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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therein for a subsequent adjustment of such number) issuable upon the exercise of such Options or the conversion or exchange of such Convertible Securities, or in the case of Options for Convertible Securities, the exercise of such Options for Convertible Securities and the conversion or exchange of such Convertible Securities. Multiple Closing Dates. In the event the Corporation shall issue on more than one date Additional Shares of Common Stock that are a part of one transaction or a series of related transactions and that would result in an adjustment to the Conversion Price pursuant to the terms of Section 4.4.4,then, upon the final such issuance, the Conversion Price shall be readjusted to give effect to all such issuances as if they occurred on the date of the first such issuance (and without giving effect to any additional adjustments as a result of any such subsequent issuances within such period).

Adjustment for Stock Splits and Combinations. If the Corporation shall at any time or from time to time after the Original Issue
Date effect a subdivision of the outstanding Common Stock, the Conversion Price in effect immediately before that subdivision shall be
proportionately decreased so that the number of shares of Common Stock issuable on conversion of each share of such series shall be increased
in proportion to such increase in the aggregate number of shares of Common Stock outstanding. If the Corporation shall at any time or
from time to time after the Original Issue Date combine the outstanding shares of Common Stock, the Conversion Price in effect immediately
before the combination shall be proportionately increased so that the number of shares of Common Stock issuable on conversion of each
share of such series shall be decreased in proportion to such decrease in the aggregate number of shares of Common Stock outstanding.
Any adjustment under this Section shall become effective at the close of business on the date the subdivision or combination becomes
effective.

Adjustment for Certain Dividends and Distributions. In the event the Corporation at any time or from time to time after the Original
Issue Date shall make or issue, or fix a record date for the determination of holders of Common Stock entitled to receive, a dividend
or other distribution payable on the Common Stock in additional shares of Common Stock, then and in each such event the Conversion Price
in effect immediately before such event shall be decreased as of the time of such issuance or, in the event such a record date shall
have been fixed, as of the close of business on such record date, by multiplying the Conversion Price then in effect by a fraction:

the numerator of which shall be the total number of shares of Common Stock issued and outstanding immediately prior to the time of such
issuance or the close of business on such record date, and

the denominator of which shall be the total number of shares of Common Stock issued and outstanding immediately prior to the time of
such issuance or the close of business on such record date plus the number of shares of Common Stock issuable in payment of such dividend
or distribution.

Notwithstanding
the foregoing, (a) if such record date shall have been fixed and such dividend is not fully paid or if such distribution is not fully
made on the date fixed therefor, the Conversion Price shall be recomputed accordingly as of the close of business on such record date
and thereafter the Conversion Price shall be adjusted pursuant to this Section as of the time of actual payment of such dividends or
distributions; and (b) that no such adjustment shall be made if the holders of Preferred Stock simultaneously receive a dividend or other
distribution of shares of Common Stock in a number equal to the number of shares of Common Stock as they would have received if all outstanding
shares of Preferred Stock had been converted into Common Stock on the date of such event.

Adjustments for Other Dividends and Distributions. In the event the Corporation at any time or from time to time after the Original
Issue Date shall make or issue, or fix a record date for the determination of holders of Common Stock entitled to receive, a dividend
or other distribution payable in securities of the Corporation (other than a distribution of shares of Common Stock in respect of outstanding
shares of Common Stock) or in other property and the provisions of Section 1 do not apply to such dividend or distribution, then
and in each such event the holders of Preferred Stock shall receive, simultaneously with the distribution to the holders of Common Stock,
a dividend or other distribution of such securities or other property in an amount equal to the amount of such securities or other property
as they would have received if all outstanding shares of Preferred Stock had been converted into Common Stock on the date of such event.

Adjustment for Merger or Reorganization, etc. Subject to the provisions of Section 2.1, if there shall occur any reorganization,
recapitalization, reclassification, consolidation or merger involving the Corporation in which the Common Stock (but not the Preferred
Stock) is converted into or exchanged for securities, cash or other property (other than a transaction covered by Sections 4.4,
4.6 or 4.7), then, following any such reorganization, recapitalization, reclassification, consolidation or merger, each
share of Preferred Stock shall thereafter be convertible in lieu of the Common Stock into which it was convertible prior to such event
into the kind and amount of securities, cash or other property which a holder of the number of shares of Common Stock of the Corporation
issuable upon conversion of one (1) share of Preferred Stock immediately prior to such reorganization, recapitalization, reclassification,
consolidation or merger would have been entitled to receive pursuant to such transaction; and, in such case, appropriate adjustment (as
determined in good faith by the Board of Directors of the Corporation) shall be made in the application of the provisions in this Section
4 with respect to the rights and interests thereafter of the holders of the Preferred Stock, to the end that the provisions set forth
in this Section 4 (including provisions with respect to changes in and other adjustments of the Conversion Price) shall thereafter
be applicable, as nearly as reasonably may be, in relation to any securities or other property thereafter deliverable upon the conversion
of the Preferred Stock.

Certificate as to Adjustments. Upon the occurrence of each adjustment or readjustment of the Conversion Price pursuant to this
Section 4, the Corporation at its expense shall, as promptly as reasonably practicable but in any event not later than ten (10)
days thereafter, compute such adjustment or readjustment in accordance with the terms hereof and furnish to each holder of Preferred
Stock a certificate setting forth such adjustment or readjustment (including the kind and amount of securities, cash or other property
into which the Preferred Stock is convertible) and showing in detail the facts upon which such adjustment or readjustment is based. The
Corporation shall, as promptly as reasonably practicable after the written request at any time of any holder of Preferred Stock (but
in any event not later than ten (10) days thereafter), furnish or cause to be furnished to such holder a certificate setting forth (i)
the Conversion Price then in effect, and (ii) the number of shares of Common Stock and the amount, if any, of other securities, cash
or property which then would be received upon the conversion of Preferred Stock.

Notice of Record Date. In the event:

the Corporation shall take a record of the holders of its Common Stock (or other capital stock or securities at the time issuable upon
conversion of the Preferred Stock) for the purpose of entitling or enabling them to receive any dividend or other distribution, or to
receive any right to subscribe for or purchase any shares of capital stock of any class or any other securities, or to receive any other
security; or

of any capital reorganization of the Corporation, any reclassification of the Common Stock of the Corporation, or any Deemed Liquidation
Event; or

of the voluntary or involuntary dissolution, liquidation or winding-up of the Corporation,