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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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

create, or hold capital stock in, any subsidiary that is not wholly owned (either directly or through one (1) or more other subsidiaries)
by the Corporation, or permit any subsidiary to create, or authorize the creation of, or issue or obligate itself to issue, any shares
of any class or series of capital stock, or sell, transfer or otherwise dispose of any capital stock of any direct or indirect subsidiary
of the Corporation, or permit any direct or indirect subsidiary to sell, lease, transfer, exclusively license or otherwise dispose (in
a single transaction or series of related transactions) of all or substantially all of the assets of such subsidiary; or

increase or decrease the authorized number of directors constituting the Board of Directors, change the number of votes entitled to be
cast by any director or directors on any matter, or adopt any provision inconsistent with Article Sixth.

Optional Conversion. The holders of the Preferred Stock shall have conversion rights as follows (the “Conversion Rights”):

Right to Convert.

Conversion Ratio. Each share of Preferred Stock shall be convertible, at the option of the holder thereof, at any time and from
time to time, and without the payment of additional consideration by the holder thereof, into such number of fully paid and non-assessable
shares of Common Stock as is determined by dividing the Original Issue Price by the Conversion Price (as defined below) in effect at
the time of conversion. The “Conversion Price” applicable to the Series A Preferred Stock shall initially be equal
to $10.00. Such initial Conversion Price, and the rate at which shares of Preferred Stock may be converted into shares of Common Stock,
shall be subject to adjustment as provided below.

Termination of Conversion Rights. In the event of a notice of redemption of any shares of Preferred Stock pursuant to Section
6, the Conversion Rights of the shares designated for redemption shall terminate at the close of business on the last full day preceding
the date fixed for redemption, unless the redemption price is not fully paid on such redemption date, in which case the Conversion Rights
for such shares shall continue until such price is paid in full. In the event of a liquidation, dissolution or winding up of the Corporation
or a Deemed Liquidation Event, the Conversion Rights shall terminate at the close of business on the last full day preceding the date
fixed for the payment of any such amounts distributable on such event to the holders of Preferred Stock; provided that the foregoing
termination of Conversion Rights shall not affect the amount(s) otherwise paid or payable in accordance with Section 2.1 to holders
of Preferred Stock pursuant to such liquidation, dissolution or winding up of the Corporation or a Deemed Liquidation Event.

Fractional Shares. No fractional shares of Common Stock shall be issued upon conversion of the Preferred Stock. In lieu of any
fractional shares to which the holder would otherwise be entitled, the number of shares of Common Stock to be issued upon conversion
of the Preferred Stock shall be rounded to the nearest whole share.

Mechanics of Conversion.

Notice of Conversion. In order for a holder of Preferred Stock to voluntarily convert shares of Preferred Stock into shares of
Common Stock, such holder shall (a) provide written notice to the Corporation’s transfer agent at the office of the transfer agent
for the Preferred Stock (or at the principal office of the Corporation if the Corporation serves as its own transfer agent) that such
holder elects to convert all or any number of such holder’s shares of Preferred Stock and, if applicable, any event on which such
conversion is contingent and (b), if such holder’s shares are certificated, surrender the certificate or certificates for such
shares of Preferred Stock (or, if such registered holder alleges that such certificate has been lost, stolen or destroyed, a lost certificate
affidavit and agreement reasonably acceptable to the Corporation to indemnify the Corporation against any claim that may be made against
the Corporation on account of the alleged loss, theft or destruction of such certificate), at the office of the transfer agent for the
Preferred Stock (or at the principal office of the Corporation if the Corporation serves as its own transfer agent). Such notice shall
state such holder’s name or the names of the nominees in which such holder wishes the shares of Common Stock to be issued. If required
by the Corporation, any certificates surrendered for conversion shall be endorsed or accompanied by a written instrument or instruments
of transfer, in form satisfactory to the Corporation, duly executed by the registered holder or his, her or its attorney duly authorized
in writing. The close of business on the date of receipt by the transfer agent (or by the Corporation if the Corporation serves as its
own transfer agent) of such notice and, if applicable, certificates (or lost certificate affidavit and agreement) shall be the time of
conversion (the “Conversion Time”), and the shares of Common Stock issuable upon conversion of the specified shares
shall be deemed to be outstanding of record as of such date. The Corporation shall, as soon as practicable after the Conversion Time
(i) issue and deliver to such holder of Preferred Stock, or to his, her or its nominees, a certificate or certificates for the number
of full shares of Common Stock issuable upon such conversion in accordance with the provisions hereof and a certificate for the number
(if any) of the shares of Preferred Stock represented by the surrendered certificate that were not converted into Common Stock, and (ii)
pay all declared but unpaid dividends on the shares of Preferred Stock converted.

Reservation of Shares. The Corporation shall at all times when the Preferred Stock shall be outstanding, reserve and keep available
out of its authorized but unissued capital stock, for the purpose of effecting the conversion of the Preferred Stock, such number of
its duly authorized shares of Common Stock as shall from time to time be sufficient to effect the conversion of all outstanding Preferred
Stock; and if at any time the number of authorized but unissued shares of Common Stock shall not be sufficient to effect the conversion
of all then outstanding shares of the Preferred Stock, the Corporation shall take such corporate action as may be necessary to increase
its authorized but unissued shares of Common Stock to such number of shares as shall be sufficient for such purposes, including, without
limitation, engaging in best efforts to obtain the requisite stockholder approval of any necessary amendment to this Third Amended and
Restated Certificate of Incorporation. Before taking any action which would cause an adjustment reducing the Conversion Price below the
then par value of the shares of Common Stock issuable upon conversion of the Preferred Stock, the Corporation will take any corporate
action which may, in the opinion of its counsel, be necessary in order that the Corporation may validly and legally issue fully paid
and non-assessable shares of Common Stock at such adjusted Conversion Price.

Effect of Conversion. All shares of Preferred Stock which shall have been surrendered for conversion as herein provided shall
no longer be deemed to be outstanding and all rights with respect to such shares shall immediately cease and terminate at the Conversion
Time, except only the right of the holders thereof to receive shares of Common Stock in exchange therefor and to receive payment of any
dividends declared but unpaid thereon. Any shares of Preferred Stock so converted shall be retired and cancelled and may not be reissued
as shares of such series, and the Corporation may thereafter take such appropriate action (without the need for stockholder action) as
may be necessary to reduce the authorized number of shares of Preferred Stock accordingly.

No Further Adjustment. Upon any such conversion, no adjustment to the Conversion Price shall be made for any declared but unpaid
dividends on the Preferred Stock surrendered for conversion or on the Common Stock delivered upon conversion.