SEC Filing Document

Company: BIOVENTRIX, INC.
Ticker: 
CIK: 1283259
Filing Type: S-1/A
Document Type: S-1/A
Date Filed: 2026-05-15
Accession Number: 0001493152-26-023752
Exchange: 
SIC Code: 3841
SIC Description: Surgical & Medical Instruments & Apparatus
URL: https://www.sec.gov/Archives/edgar/data/1283259/000149315226023752/forms-1a.htm

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otherwise, and thereby protect the continuity of our management and possibly deprive our stockholders of opportunities to sell their shares of Common Stock at prices higher than prevailing market prices. Delaware Law will not be subject to the provisions of Section 203 of the DGCL, regulating corporate takeovers. In general, those provisions prohibit a Delaware corporation, including those whose securities are listed for trading on the Nasdaq, from engaging in any business combination with any interested stockholder for a period of three years following the date that the stockholder became an interested stockholder, unless: ● the transaction is approved by the board of directors before the date the interested stockholder attained that status; ● upon consummation of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced; or

or after such time the business combination is approved by the board of directors and authorized
at a meeting of stockholders by at least two-thirds of the outstanding voting stock that
is not owned by the interested stockholder.

Removal
of Directors; Vacancies and Newly Created Directorships

Under
the DGCL, directors may be removed, with or without cause, by the holders of a majority of the shares then entitled to vote at an election
of directors. In addition, under the DGCL, subject to the rights granted to one or more series of preferred stock then outstanding, any
vacancies on our board of directors, and any newly created directorships, will be filled only by the affirmative vote of a majority of
the directors then in office, even if less than a quorum, by a sole remaining director or by the stockholders.

Cumulative Voting

Under
Delaware law, the right to vote cumulatively does not exist unless the certificate of incorporation specifically authorizes cumulative
voting. Our Charter does not authorize cumulative voting. Therefore, stockholders holding a majority in voting power of the shares of
our stock entitled to vote generally in the election of directors will be able to elect all our directors.

Special
Stockholder Meetings

Our
Bylaws provide that special meetings of our stockholders may be called at any time only by or at the direction of the board of directors.
Our Bylaws prohibit the conduct of any business at a special meeting other than as specified in the notice for such meeting. These provisions
may have the effect of deterring, delaying or discouraging hostile takeovers, or changes in control or management of the Company.

Director
Nominations and Stockholder Proposals

Our
Bylaws establish advance notice procedures with respect to stockholder proposals. In order for any matter to be “properly brought”
before a meeting, a stockholder will have to comply with advance notice requirements and provide us with certain information. For a stockholder’s
proposal to be timely, a stockholder’s notice , must be received by the Secretary at the principal executive offices of the Corporation
not later than the close of business on the 90th day nor earlier than the opening of business on the 120th day before the anniversary
date of the immediately preceding annual meeting of stockholders; provided, however, that in the event that the annual meeting is more
than 30 days before or more than 60 days after such anniversary date (or if there has been no prior annual meeting), notice by the stockholder
to be timely must be so delivered not earlier than the close of business on the 120th day before the meeting and not later than the later
of (x) the close of business on the 90th day before the meeting or (y) the close of business on the 10th day following the day on which
public announcement of the date of the annual meeting is first made by the Corporation. Our Bylaws also specify requirements as to the
form and content of a stockholder’s notice.

Our
Bylaws also establish advance notice procedures with respect to the nomination of candidates for election as directors, other than nominations
made by or at the direction of the board of directors or a committee of the board of directors. To be timely, a stockholder’s notice
to the Secretary must be received by the Secretary at the principal executive offices of the Corporation (i) in the case of an annual
meeting, not later than the close of business on the 90th day nor earlier than the close of business on the 120th day before the anniversary
date of the immediately preceding annual meeting of stockholders; provided, however, that in the event that the annual meeting is more
than 30 days before or more than 60 days after such anniversary date (or if there has been no prior annual meeting), notice by the stockholder
to be timely must be so received not earlier than the close of business on the 120th day before the meeting and not later than the later
of (x) the close of business on the 90th day before the meeting or (y) the close of business on the 10th day following the day on which
public announcement of the date of the annual meeting was first made by the Corporation; and (ii) in the case of a special meeting of
stockholders called for the purpose of electing directors, not later than the close of business on the 10th day following the day on
which public announcement of the date of the special meeting is first made by the Corporation. In no event shall the public announcement
of an adjournment or postponement of an annual meeting or special meeting commence a new time period (or extend any time period) for
the giving of a stockholder’s notice. Our Bylaws also specify requirements as to the form and content of a stockholder’s
notice.

Stockholder
Action by Written Consent

Pursuant
to Section 228 of the DGCL, any action required to be taken at any annual or special meeting of the stockholders may be taken without
a meeting, without prior notice and without a vote if a consent or consents in writing, setting forth the action so taken, is or are
signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take
such action at a meeting at which all shares of our stock entitled to vote thereon were present and voted. Pursuant to our Bylaws, any
action required to be taken at any annual or special meeting of stockholders, or any action which may be taken at any annual or special
meeting of such stockholders, may be taken without a meeting, without prior notice and without a vote, if a consent in writing, setting
forth the action so taken, shall be signed by the holders of outstanding stock entitled to vote thereon having not less than the minimum
number of votes that would be necessary to authorize or take such action at a meeting at which all shares entitled to vote thereon were
present and voted, and shall be delivered to the Corporation by delivery to its registered office in the State of Delaware, its principal
place of business, or an officer or agent of the Corporation having custody of the book in which proceedings of meetings of stockholders
are recorded.

Elimination
of Monetary Liability for Officers and Directors

Our
Amended and Restated COI incorporates certain provisions permitted under the Delaware General Corporation Law relating to the liability
of directors. The provisions eliminate a director’s liability for monetary damages for a breach of fiduciary duty, including gross
negligence, except in circumstances involving certain wrongful acts, such as the breach of director’s duty of loyalty or acts or
omissions, which involve intentional misconduct or a knowing violation of law. These provisions do not eliminate a director’s duty
of care. Moreover, these provisions do not apply to claims against a director for certain violations of law, including knowing violations
of federal securities law. Our Amended and Restated COI also contains provisions to indemnify the directors, officers, employees or other
agents to the fullest extent permitted by the Delaware General Corporation Law. We believe that these provisions will assist us in attracting
and retaining qualified individual to serve as directors.

Indemnification
of Officers and Directors

Our
Amended and Restated COI contains provisions to indemnify the directors, officers, employees or other agents to the fullest extent permitted
by the Delaware General Corporation Law. These provisions may have the practical effect in certain cases of eliminating the ability of
stockholders to collect monetary damages from directors. We are also a party to indemnification agreements with each of our directors
and officers. We believe that these provisions will assist us in attracting or retaining qualified individuals to serve as our directors
and officers.

Disclosure
of Commission Position on Indemnification for Securities Act Liabilities