SEC Filing Document

Company: BIOVENTRIX, INC.
Ticker: 
CIK: 1283259
Filing Type: DRS
Document Type: EX-3.5
Date Filed: 2025-08-05
Accession Number: 0001641172-25-022123
Exchange: 
SIC Code: 3841
SIC Description: Surgical & Medical Instruments & Apparatus
URL: https://www.sec.gov/Archives/edgar/data/1283259/000164117225022123/filename5.htm

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meeting (or any supplement thereto) given by or at the direction of the Board, (ii) otherwise properly brought before the annual meeting by or at the direction of the Board or (iii) otherwise properly brought before the annual meeting by any stockholder of the Corporation (x) who is a stockholder of record entitled to vote at such annual meeting on the date of the giving of the notice provided for in this Section 2.7(a) and on the record date for the determination of stockholders entitled to vote at such annual meeting and (y) who complies with the notice procedures set forth in this Section 2.7(a). Notwithstanding anything in this Section 2.7(a) to the contrary, only persons nominated for election as a director to fill any term of a directorship that expires on the date of the annual meeting pursuant to Section 3.2 will be considered for election at such meeting.

In addition to any other applicable requirements, for business (other than nominations) to be properly brought before an annual meeting
by a stockholder, such stockholder must have given timely notice thereof in proper written form to the Secretary and such business must
otherwise be a proper matter for stockholder action. Subject to Section 2.7(a)(iii), a stockholder’s notice to
the Secretary with respect to such business, to be timely, 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. The public announcement
of an adjournment or postponement of an annual meeting shall not commence a new time period (or extend any time period) for the giving
of a stockholder’s notice as described in this Section 2.7(a).

To be in proper written form, a stockholder’s notice to the Secretary with respect to any business (other than nominations) must
set forth as to each such matter such stockholder proposes to bring before the annual meeting (A) a brief description of the business
desired to be brought before the annual meeting, the text of the proposal or business (including the text of any resolutions proposed
for consideration and in the event such business includes a proposal to amend these Bylaws, the language of the proposed amendment) and
the reasons for conducting such business at the annual meeting, (B) the name and record address of such stockholder and the name
and address of the beneficial owner, if any, on whose behalf the proposal is made, (C) the class or series and number of shares
of capital stock of the Corporation that are owned beneficially and of record by such stockholder and by the beneficial owner, if any,
on whose behalf the proposal is made, (D) a description of all arrangements or understandings between such stockholder and the beneficial
owner, if any, on whose behalf the proposal is made and any other person or persons (including their names) in connection with the proposal
of such business by such stockholder, (E) any material interest of such stockholder and the beneficial owner, if any, on whose behalf
the proposal is made in such business and (F) a representation that such stockholder (or a qualified representative of such stockholder)
intends to appear in person or by proxy at the annual meeting to bring such business before the meeting.

(iii)
The foregoing notice requirements of this Section 2.7(a) shall be deemed satisfied by a stockholder as to any proposal
(other than nominations) if the stockholder has notified the Corporation of such stockholder’s intention to present such proposal
at an annual meeting in compliance with Rule 14a-8 (or any successor thereof) of the Securities Exchange Act of 1934, as amended
(the “Exchange Act”), and such stockholder has complied with the requirements of such Rule for inclusion of
such proposal in a proxy statement prepared by the Corporation to solicit proxies for such annual meeting. No business shall be conducted
at the annual meeting of stockholders except business brought before the annual meeting in accordance with the procedures set forth in
this Section 2.7(a), provided, however, that once business has been properly brought before the annual meeting in accordance
with such procedures, nothing in this Section 2.7(a) shall be deemed to preclude discussion by any stockholder
of any such business. If the Board or the chairman of the annual meeting determines that any stockholder proposal was not made in accordance
with the provisions of this Section 2.7(a) or that the information provided in a stockholder’s notice does
not satisfy the information requirements of this Section 2.7(a), such proposal shall not be presented for action at the annual
meeting. Notwithstanding the foregoing provisions of this Section 2.7(a), if the stockholder (or a qualified representative
of the stockholder) does not appear at the annual meeting of stockholders of the Corporation to present the proposed business, such proposed
business shall not be transacted, notwithstanding that proxies in respect of such matter may have been received by the Corporation.

In addition to the provisions of this Section 2.7(a), a stockholder shall also comply with all applicable requirements
of the Exchange Act and the rules and regulations thereunder with respect to the matters set forth herein. Nothing in this Section 2.7(a) shall
be deemed to affect any rights of stockholders to request inclusion of proposals in the Corporation’s proxy statement pursuant
to Rule 14a-8 under the Exchange Act.

(b) Special
Meetings of Stockholders. Only such business shall be conducted at a special meeting of stockholders as shall have been brought before
the meeting pursuant to the Corporation’s notice of meeting. Nominations of persons for election to the Board may be made at a
special meeting of stockholders at which directors are to be elected pursuant to the Corporation’s notice of meeting only pursuant
to Section 3.2.

(c) Public
Announcement. For purposes of these Bylaws, “public announcement” shall mean disclosure in a press release
reported by the Dow Jones News Service, Associated Press or comparable national news service or in a document publicly filed or furnished
by the Corporation with the Securities and Exchange Commission pursuant to Sections 13, 14 or 15(d) of the Exchange Act (or any
successor thereto).