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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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.

4.3.1 Notice
of Conversion. In order for a holder of Preferred Stock to voluntarily convert shares of Preferred Stock into shares of Common Stock,
such holder shall (a) provide written notice to the Corporation’s transfer agent at the office of the transfer agent for the Preferred
Stock (or at the principal office of the Corporation if the Corporation serves as its own transfer agent) that such holder elects to
convert all or any number of such holder’s shares of Preferred Stock and, if applicable, any event on which such conversion is
contingent and (b), if such holder’s shares are certificated, surrender the certificate or certificates for such shares of Preferred
Stock (or, if such registered holder alleges that such certificate has been lost, stolen or destroyed, a lost certificate affidavit and
agreement reasonably acceptable to the Corporation to indemnify the Corporation against any claim that may be made against the Corporation
on account of the alleged loss, theft or destruction of such certificate), at the office of the transfer agent for the Preferred Stock
(or at the principal office of the Corporation if the Corporation serves as its own transfer agent). Such notice shall state such holder’s
name or the names of the nominees in which such holder wishes the shares of Common Stock to be issued. If required by the Corporation,
any certificates surrendered for conversion shall be endorsed or accompanied by a written instrument or instruments of transfer, in form
satisfactory to the Corporation, duly executed by the registered holder or his, her or its attorney duly authorized in writing. The close
of business on the date of receipt by the transfer agent (or by the Corporation if the Corporation serves as its own transfer agent)
of such notice and, if applicable, certificates (or lost certificate affidavit and agreement) shall be the time of conversion (the “Conversion
Time”), and the shares of Common Stock issuable upon conversion of the specified shares shall be deemed to be outstanding of
record as of such date. The Corporation shall, as soon as practicable after the Conversion Time (i) issue and deliver to such holder
of Preferred Stock, or to his, her or its nominees, a certificate or certificates for the number of full shares of Common Stock issuable
upon such conversion in accordance with the provisions hereof and a certificate for the number (if any) of the shares of Preferred Stock
represented by the surrendered certificate that were not converted into Common Stock, and (ii) pay all declared but unpaid dividends
on the shares of Preferred Stock converted.

4.3.2 Reservation
of Shares. The Corporation shall at all times when the Preferred Stock shall be outstanding, reserve and keep available out of its
authorized but unissued capital stock, for the purpose of effecting the conversion of the Preferred Stock, such number of its duly authorized
shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding Preferred Stock; and if at
any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion of all then outstanding
shares of the Preferred Stock, the Corporation shall take such corporate action as may be necessary to increase its authorized but unissued
shares of Common Stock to such number of shares as shall be sufficient for such purposes, including, without limitation, engaging in
best efforts to obtain the requisite stockholder approval of any necessary amendment to this Third Amended and Restated Certificate of
Incorporation. Before taking any action which would cause an adjustment reducing the Conversion Price below the then par value of the
shares of Common Stock issuable upon conversion of the Preferred Stock, the Corporation will take any corporate action which may, in
the opinion of its counsel, be necessary in order that the Corporation may validly and legally issue fully paid and non-assessable shares
of Common Stock at such adjusted Conversion Price.

4.3.3 Effect
of Conversion. All shares of Preferred Stock which shall 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.

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.

4.3.5 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.

4.4 [Intentionally
omitted].

4.5 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.

4.6 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:

(1) 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

(2) 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.