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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provide that (a) the portion of such consideration that is not Additional Consideration (such portion, the “Initial Consideration”) shall be allocated among the holders of capital stock of the Corporation in accordance with Sections 2.1 and 2.2 as if the Initial Consideration were the only consideration payable in connection with such Deemed Liquidation Event; and (b) any Additional Consideration which becomes payable to the stockholders of the Corporation upon satisfaction of such contingencies shall be allocated among the holders of capital stock of the Corporation in accordance with Sections 2.1 and 2.2 after taking into account the previous payment of the Initial Consideration as part of the same transaction. For the purposes of this Section 2.3.4, consideration placed into escrow or retained as a holdback to be available for satisfaction of indemnification or similar obligations in connection with such Deemed Liquidation Event shall be deemed to be Additional Consideration. Voting.

General. On any matter presented to the stockholders of the Corporation for their action or consideration at any meeting of stockholders
of the Corporation (or by written consent of stockholders in lieu of meeting), each holder of outstanding shares of Preferred Stock shall
be entitled to cast the number of votes equal to the number of whole shares of Common Stock into which the shares of Preferred Stock
held by such holder are convertible as of the record date for determining stockholders entitled to vote on such matter. Except as provided
by law or by the other provisions of this Third Amended and Restated Certificate of Incorporation, holders of Preferred Stock shall vote
together with the holders of Common Stock as a single class and on an as-converted to Common Stock basis.

Election of Directors. The holders of record of the shares of Preferred Stock, exclusively and as a separate class, shall be entitled
to elect two (2) directors of the Corporation (the “Preferred Directors”) and the holders of record of the shares
of Common Stock, exclusively and as a separate class, shall be entitled to elect two (2) directors of the Corporation; provided,
however, for administrative convenience, the initial Preferred Directors may also be appointed by the Board of Directors in connection
with the approval of the initial issuance of Preferred Stock without a separate action by the holders of Preferred Stock. Any director
elected as provided in the preceding sentence may be removed without cause by, and only by, the affirmative vote of the holders of the
shares of the class or series of capital stock entitled to elect such director or directors, given either at a special meeting of such
stockholders duly called for that purpose or pursuant to a written consent of stockholders. If the holders of shares of Preferred Stock
or Common Stock, as the case may be, fail to elect a sufficient number of directors to fill all directorships for which they are entitled
to elect directors, voting exclusively and as a separate class, pursuant to the first sentence of this Section 3.2, then any directorship
not so filled shall remain vacant until such time as the holders of the Preferred Stock or Common Stock, as the case may be, elect a
person to fill such directorship by vote or written consent in lieu of a meeting; and no such directorship may be filled by stockholders
of the Corporation other than by the stockholders of the Corporation that are entitled to elect a person to fill such directorship, voting
exclusively and as a separate class. The holders of record of the shares of Common Stock and of any other class or series of voting stock
(including the Preferred Stock), exclusively and voting together as a single class, shall be entitled to elect the balance of the total
number of directors of the Corporation. At any meeting held for the purpose of electing a director, the presence in person or by proxy
of the holders of a majority of the outstanding shares of the class or series entitled to elect such director shall constitute a quorum
for the purpose of electing such director. Except as otherwise provided in this Section 3.2, a vacancy in any directorship filled
by the holders of any class or classes or series shall be filled only by vote or written consent in lieu of a meeting of the holders
of such class or classes or series or by any remaining director or directors elected by the holders of such class or classes or series
pursuant to this Section 3.2. The rights of the holders of the Preferred Stock and the rights of the holders of the Common Stock
under the first sentence of this Section 3.2 shall terminate on the first date following the date the first share of Series A
Preferred Stock was issued (the “Original Issue Date”) on which there are issued and outstanding less than 782,500
shares of Preferred Stock (subject to appropriate adjustment in the event of any stock dividend, stock split, combination, or other similar
recapitalization with respect to the Preferred Stock).

Preferred Stock Protective Provisions. At any time when at least 782,500 shares of Preferred Stock (subject to appropriate adjustment
in the event of any stock dividend, stock split, combination or other similar recapitalization with respect to the Preferred Stock) are
outstanding, the Corporation shall not, either directly or indirectly by amendment, merger, consolidation, recapitalization, reclassification,
or otherwise, do any of the following without (in addition to any other vote required by law or this Third Amended and Restated Certificate
of Incorporation) the written consent or affirmative vote of the Requisite Holders given in writing or by vote at a meeting, consenting
or voting (as the case may be) separately as a class, and any such act or transaction entered into without such consent or vote shall
be null and void ab initio, and of no force or effect.

liquidate, dissolve or wind-up the business and affairs of the Corporation, effect any merger or consolidation or any other Deemed Liquidation
Event, or consent to any of the foregoing;

amend, alter or repeal any provision of this Third Amended and Restated Certificate of Incorporation or Bylaws of the Corporation in
a manner that adversely affects the powers, preferences or rights of the Preferred Stock;

(i) create, or authorize the creation of, or issue or obligate itself to issue shares of, or reclassify, any capital stock unless the
same ranks junior to the Preferred Stock with respect to its rights, preferences and privileges, or (ii) increase the authorized number
of shares of Preferred Stock or any additional class or series of capital stock of the Corporation unless the same ranks junior to the
Preferred Stock with respect to its rights, preferences and privileges;

cause or permit any of its subsidiaries to, without approval of the Board of Directors, including at least one (1) Preferred Director,
sell, issue, sponsor, create or distribute any digital tokens, cryptocurrency or other blockchain-based assets (collectively, “Tokens”),
including through a pre-sale, initial coin offering, token distribution event or crowdfunding, or through the issuance of any instrument
convertible into or exchangeable for Tokens;

purchase or redeem (or permit any subsidiary to purchase or redeem) or pay or declare any dividend or make any distribution on, any shares
of capital stock of the Corporation other than (i) redemptions of or dividends or distributions on the Preferred Stock as expressly authorized
herein, (ii) dividends or other distributions payable on the Common Stock solely in the form of additional shares of Common Stock and
(iii) repurchases of stock from former employees, officers, directors, consultants or other persons who performed services for the Corporation
or any subsidiary in connection with the cessation of such employment or service at no greater than the original purchase price thereof
or (iv) as approved by the Board of Directors, including at least one (1) Preferred Director;

create, adopt, amend, terminate or repeal any equity (or equity-linked) compensation plan or amend or waive any of the terms of any option
or other grant pursuant to any such plan;

create, or authorize the creation of, or issue, or authorize the issuance of any debt security or create any lien or security interest
(except for purchase money liens or statutory liens of landlords, mechanics, materialmen, workmen, warehousemen and other similar persons
arising or incurred in the ordinary course of business) or incur other indebtedness for borrowed money, including but not limited to
obligations and contingent obligations under guarantees, or permit any subsidiary to take any such action with respect to any debt security
lien, security interest or other indebtedness for borrowed money, if the aggregate indebtedness of the Corporation and its subsidiaries
for borrowed money following such action would exceed $200,000 other than equipment leases, bank lines of credit or trade payables incurred
in the ordinary course unless such security has received the prior approval of the Board of Directors, including at least one (1) Preferred
Director; or