SEC Filing Document

Company: BIOVENTRIX, INC.
Ticker: 
CIK: 1283259
Filing Type: S-1
Document Type: EX-10.8
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/ex10-8.htm

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Exhibit 10.8

Execution
Version

INVESTORS’
RIGHTS AGREEMENT

THIS
INVESTORS’ RIGHTS AGREEMENT (this “Agreement”), is made as of March 30, 2023, by and among BioVentrix, Inc.
a Delaware corporation (the “Company”), each of the investors listed on Schedule A hereto, each of which is
referred to in this Agreement as an “Investor”, and solely for the purposes of Section 2.11 of this Agreement,
the holders of the company’s common stock listed on Schedule B hereto (the “Common Stockholders”).

RECITALS

WHEREAS,
the Company and the Investors are parties to that certain Series A Preferred Stock Purchase Agreement of even date herewith (the “Purchase
Agreement”); and

WHEREAS,
in order to induce the Company to enter into the Purchase Agreement and to induce the Investors to invest funds in the Company pursuant
to the Purchase Agreement, the Investors and the Company hereby agree that this Agreement shall govern the rights of the Investors to
cause the Company to register shares of Common Stock issuable to the Investors, to receive certain information from the Company, and
to participate in future equity offerings by the Company, and shall govern certain other matters as set forth in this Agreement;

NOW,
THEREFORE, the parties hereby agree as follows:

1.	Definitions . For purposes of this Agreement:

1.1 “Affiliate”
means, with respect to any specified Person, any other Person who, directly or indirectly, controls, is controlled by, or is under common
control with such Person, including, without limitation, any general partner, managing member, officer, director or trustee of such Person,
or any venture capital fund or other investment fund now or hereafter existing that is controlled by one (1) or more general partners,
managing members or investment adviser of, or shares the same management company or investment adviser with, such Person.

1.2 “Board of Directors” means the board of directors of the Company.

1.3 “Certificate
of Incorporation” means the Company’s Third Amended and Restated Certificate of Incorporation, as amended and/or restated
from time to time.

“Common Stock” means shares of the Company’s common stock, par value$ 0.0001 per share.

1.5 “Competitor”
means a Person engaged, directly or indirectly (including through any partnership, limited liability company, corporation, joint venture
or similar arrangement (whether now existing or formed hereafter)), in the business of developing technologies aimed to improve cardiac
function by directly addressing left ventricular dilation, but shall not include any financial investment firm or collective investment
vehicle that, together with its Affiliates, holds less than forty percent (40%) of the outstanding equity of any Competitor and does
not, nor do any of its Affiliates, have a right to designate any members of the board of directors of any Competitor.

1.6 “Damages”
means any loss, damage, claim or liability (joint or several) to which a party hereto may become subject under the Securities Act, the
Exchange Act, or other federal or state law, insofar as such loss, damage, claim or liability (or any action in respect thereof) arises
out of or is based upon: (i) any untrue statement or alleged untrue statement of a material fact contained in any registration statement
of the Company, including any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto;
(ii) an omission or alleged omission to state therein a material fact required to be stated therein, or necessary to make the statements
therein not misleading; or (iii) any violation or alleged violation by the indemnifying party (or any of its agents or Affiliates) of
the Securities Act, the Exchange Act, any state securities law, or any rule or regulation promulgated under the Securities Act, the Exchange
Act, or any state securities law.

1.7 “Derivative
Securities” means any securities or rights convertible into, or exercisable or exchangeable for (in each case, directly or
indirectly), Common Stock, including options and warrants.

1.8 “Exchange
Act” means the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder.

1.9 “Excluded
Registration” means (i) a registration relating to the sale or grant of securities to employees of the Company or a subsidiary
pursuant to a stock option, stock purchase, equity incentive or similar plan; (ii) a registration relating to an SEC Rule 145 transaction;
(iii) a registration on any form that does not include substantially the same information as would be required to be included in a registration
statement covering the sale of the Registrable Securities; or (iv) a registration in which the only Common Stock being registered is
Common Stock issuable upon conversion of debt securities that are also being registered.

1.10 “FOIA
Party” means a Person that, in the reasonable determination of the Board of Directors, may be subject to, and thereby required
to disclose non-public information furnished by or relating to the Company under, the Freedom of Information Act, 5 U.S.C. 552 (“FOIA”),
any state public records access law, any state or other jurisdiction’s laws similar in intent or effect to FOIA, or any other similar
statutory or regulatory requirement.

1.11 “Form
S-1” means such form under the Securities Act as in effect on the date hereof or any successor registration form under the
Securities Act subsequently adopted by the SEC.

1.12 “Form
S-3” means such form under the Securities Act as in effect on the date hereof or any registration form under the Securities
Act subsequently adopted by the SEC that permits forward incorporation of substantial information by reference to other documents filed
by the Company with the SEC.

1.13 “GAAP”
means generally accepted accounting principles in the United States as in effect from time to time.

1.14 “Holder”
means any holder of Registrable Securities who is a party to this Agreement.

1.15 “Immediate
Family Member” means a child, stepchild, grandchild, parent, stepparent, grandparent, spouse, life partner or similar statutorily-recognized
domestic partner, sibling, mother-in-law, father-in-law, son-in-law, daughter-in-law, brother-in-law, or sister-in-law, including adoptive
relationships of a natural person referred to herein.

1.16 “Initiating
Holders” means, collectively, Holders who properly initiate a registration request under this Agreement.

1.17 “IPO”
means the Company’s first underwritten public offering of its Common Stock under the Securities Act.

1.18 “Key
Employee” means any executive-level employee (including division director and vice president-level positions) as well as any
employee who, either alone or in concert with others, develops, invents, programs, or designs any Company Intellectual Property (as defined
in the Purchase Agreement).

1.19 “Major
Investor” means any Investor that, individually or together with such Investor’s Affiliates, holds at least 50,000 shares
of Registrable Securities (as adjusted for any stock split, stock dividend, combination, or other recapitalization or reclassification
effected after the date hereof).

1.20 “New
Securities” means, collectively, equity securities of the Company, whether or not currently authorized, as well as rights,
options, or warrants to purchase such equity securities, or securities of any type whatsoever that are, or may become, convertible or
exchangeable into or exercisable for such equity securities.

1.21 “Person”
means any individual, corporation, partnership, trust, limited liability company, association or other entity.

1.22 “Preferred
Director” means any director of the Company that the holders of record of a class, classes or series of Series A Preferred
Stock are entitled to elect, exclusively and as a separate class, pursuant to the Certificate of Incorporation.

1.23 “Registrable
Securities” means (i) the Common Stock issuable or issued upon conversion of the Series A Preferred Stock, excluding any Common
Stock issued upon conversion of the Series A Preferred Stock pursuant to the “Special Mandatory Conversion” provisions
of the Certificate of Incorporation; (ii) any Common Stock, or any Common Stock issued or issuable (directly or indirectly) upon conversion
and/or exercise of any other securities of the Company, acquired by the Investors after the date hereof; and (iii) any Common Stock issued
as (or issuable upon the conversion or exercise of any warrant, right, or other security that is issued as) a dividend or other distribution
with respect to, or in exchange for or in replacement of, the shares referenced above; excluding in all cases, however, any Registrable
Securities sold by a Person in a transaction in which the applicable rights under this Agreement are not assigned pursuant to Section
6.1, and excluding for purposes of Section 2 any shares for which registration rights have terminated pursuant to Section 2.13
of this Agreement.

1.24 “Registrable
Securities then outstanding” means the number of shares determined by adding the number of shares of outstanding Common Stock
that are Registrable Securities and the number of shares of Common Stock issuable (directly or indirectly) pursuant to then exercisable
and/or convertible securities that are Registrable Securities.

1.25 “Restricted
Securities” means the securities of the Company required to be notated with the legend set forth in Section 2.12(b)
hereof.

1.26 “SEC” means the Securities and Exchange Commission.

1.27 “SEC Rule 144” means Rule 144 promulgated by the SEC under the Securities Act. Act.

1.28 “SEC Rule 145” means Rule 145 promulgated by the SEC under the Securities

1.29 “Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.