SEC Filing Document

Company: BIOVENTRIX, INC.
Ticker: 
CIK: 1283259
Filing Type: S-1
Document Type: EX-3.2
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/ex3-2.htm

Chunk 1 of 2
Word Count: 857
Character Count: 5459

Document Content:

governing distributions to stockholders. Prior to the distribution or redemption provided for in this Section 2.3.2(b), the Corporation shall not expend or dissipate the consideration received for such Deemed Liquidation Event, except to discharge expenses incurred in connection with such Deemed Liquidation Event or in the ordinary course of business.” 2 -FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION Section 3.3 of Part B. of Article FOURTH of the Third Amended and Restated Certificate of Incorporation (which includes subsections 3.3.1 through 3.3.9) shall be deleted in its entirety. Section 4.4 of Part B. of Article FOURTH of the Third Amended and Restated Certificate of Incorporation (which includes subsections 4.4.1 through 4.4.6) shall be deleted and replaced with the following: “4.4 [Intentionally omitted].” Section 4.8 of Part B. of Article FOURTH of the Third Amended and Restated Certificate of Incorporation shall be deleted and replaced with the following:

“4.8 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 4.6 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.”

Section
5.1 of Part B. of Article FOURTH of the Third Amended and Restated Certificate of Incorporation shall be deleted and replaced
with the following:

“5.1 Triggering
Event. Upon the closing of the sale of shares of Common Stock to the public in a firm-commitment underwritten public offering pursuant
to an effective registration statement under the Securities Act of 1933, as amended, resulting in at least $25,000,000 of gross proceeds,
net of the underwriting discount and commissions, to the Corporation and in connection with such offering the Common Stock is listed
for trading on the Nasdaq Stock Market’s National Market, the New York Stock Exchange or another exchange or marketplace approved
the Board of Directors (the time of such closing or the date and time specified or the time of the event specified in such approval is
referred to herein as the “Mandatory Conversion Time”), then (i) all outstanding shares of Preferred Stock shall automatically
be converted into shares of Common Stock, at the then effective conversion rate as calculated pursuant to Section 4.1.1 and (ii)
such shares may not be reissued by the Corporation.”

Section
5A of Part B. of Article FOURTH of the Third Amended and Restated Certificate of Incorporation (which includes subsections 5A.1
through 5A.3) shall be deleted in its entirety.

Section
6 of Part B. of Article FOURTH of the Third Amended and Restated Certificate of Incorporation shall be deleted and replaced with
the following:

[Intentionally omitted].”

Section
8 of Part B. of Article FOURTH of the Third Amended and Restated Certificate of Incorporation shall be deleted and replaced with
the following:

“8. Waiver.
Except as otherwise set forth herein, (a) any of the rights, powers, preferences and other terms of the Preferred Stock set forth herein
may be waived on behalf of all holders of Preferred Stock by the affirmative written consent or vote of the holders of at least 75% of
the shares of Preferred Stock then outstanding and (b) at any time more than one (1) series of Preferred Stock is issued and outstanding,
any of the rights, powers, preferences and other terms of any series of Preferred Stock set forth herein may be waived on behalf of all
holders of such series of Preferred Stock by the affirmative written consent or vote of the holders of at least 75% of the shares of
such series of Preferred Stock then outstanding”

3 -FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION

WITNESS WHEREOF, this First Amendment to the Third Amended and Restated Certificate of Incorporation has been executed by the President
of the corporation on this 16th day of January 2024.

David
Richmond

President
and Chief Executive Officer

4 -FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION