SEC Filing Document

Company: BIOVENTRIX, INC.
Ticker: 
CIK: 1283259
Filing Type: DRS/A
Document Type: EX-3.1
Date Filed: 2025-12-12
Accession Number: 0001493152-25-027406
Exchange: 
SIC Code: 3841
SIC Description: Surgical & Medical Instruments & Apparatus
URL: https://www.sec.gov/Archives/edgar/data/1283259/000149315225027406/filename2.htm

Chunk 5 of 7
Word Count: 1427
Character Count: 8840

Document Content:

underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933, as amended, resulting in at least $100,000,000 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, including the approval of at least one (1) Preferred Director (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.

5.2 Procedural
Requirements. All holders of record of shares of Preferred Stock shall be sent written notice of the Mandatory Conversion Time and
the place designated for mandatory conversion of all such shares of Preferred Stock pursuant to this Section 5. Such notice need
not be sent in advance of the occurrence of the Mandatory Conversion Time. Upon receipt of such notice, each holder of shares of Preferred
Stock in certificated form shall surrender his, her or its certificate or certificates for all such shares (or, if such 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) to the Corporation at the place designated in such notice. If so required by the Corporation, any certificates surrendered
for conversion shall be endorsed or accompanied by written instrument or instruments of transfer, in form satisfactory to the Corporation,
duly executed by the registered holder or by his, her or its attorney duly authorized in writing. All rights with respect to the Preferred
Stock converted pursuant to Section 5.1, including the rights, if any, to receive notices and vote (other than as a holder of
Common Stock), will terminate at the Mandatory Conversion Time (notwithstanding the failure of the holder or holders thereof to surrender
any certificates at or prior to such time), except only the rights of the holders thereof, upon surrender of any certificate or certificates
of such holders (or lost certificate affidavit and agreement) therefor, to receive the items provided for in the next sentence of this
Section 5.2. As soon as practicable after the Mandatory Conversion Time and, if applicable, the surrender of any certificate or
certificates (or lost certificate affidavit and agreement) for Preferred Stock, the Corporation shall (a) issue and deliver to such holder,
or to his, her or its nominees, a certificate or certificates for the number of full shares of Common Stock issuable on such conversion
in accordance with the provisions hereof and (b) pay any declared but unpaid dividends on the shares of Preferred Stock converted. Such
converted Preferred Stock 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.

6. [Intentionally
omitted].

7. Redeemed
or Otherwise Acquired Shares. Any shares of Preferred Stock that are redeemed, converted or otherwise acquired by the Corporation
or any of its subsidiaries shall be automatically and immediately cancelled and retired and shall not be reissued, sold or transferred.
Neither the Corporation nor any of its subsidiaries may exercise any voting or other rights granted to the holders of Preferred Stock
following redemption, conversion or acquisition.

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.

9. Notices.
Any notice required or permitted by the provisions of this Article Fourth to be given to a holder of shares of Preferred Stock shall
be mailed, postage prepaid, to the post office address last shown on the records of the Corporation, or given by electronic communication
in compliance with the provisions of the General Corporation Law, and shall be deemed sent upon such mailing or electronic transmission.

Fifth:
Subject to any additional vote required by this Third Amended and Restated Certificate of Incorporation or Bylaws, in furtherance and
not in limitation of the powers conferred by statute, the Board of Directors is expressly authorized to make, repeal, alter, amend and
rescind any or all of the Bylaws of the Corporation.

Sixth:
Subject to any additional vote required by this Third Amended and Restated Certificate of Incorporation, the number of directors of the
Corporation shall be determined in the manner set forth in the Bylaws of the Corporation. Each director shall be entitled to one (1)
vote on each matter presented to the Board of Directors; provided, however, that, so long as the holders of Preferred Stock
are entitled to elect a Preferred Director, the affirmative vote of at least one (1) Preferred Director shall be required for the authorization
by the Board of Directors of any of the matters set forth in Section 5.4 of the Investors’ Rights Agreement, dated as of
March 30, 2023, by and among the Corporation and the other parties thereto, as such agreement may be amended from time to time.

Seventh:
Elections of directors need not be by written ballot unless the Bylaws of the Corporation shall so provide.

Eighth:
Meetings of stockholders may be held within or without the State of Delaware, as the Bylaws of the Corporation may provide. The books
of the Corporation may be kept outside the State of Delaware at such place or places as may be designated from time to time by the Board
of Directors or in the Bylaws of the Corporation.

Ninth:
To the fullest extent permitted by law, a director of the Corporation shall not be personally liable to the Corporation or its stockholders
for monetary damages for breach of fiduciary duty as a director. If the General Corporation Law or any other law of the State of Delaware
is amended after approval by the stockholders of this Article Ninth to authorize corporate action further eliminating or limiting the
personal liability of directors, then the liability of a director of the Corporation shall be eliminated or limited to the fullest extent
permitted by the General Corporation Law as so amended.

Any
repeal or modification of the foregoing provisions of this Article Ninth by the stockholders of the Corporation shall not adversely affect
any right or protection of a director of the Corporation existing at the time of, or increase the liability of any director of the Corporation
with respect to any acts or omissions of such director occurring prior to, such repeal or modification.

Tenth:
To the fullest extent permitted by applicable law, the Corporation is authorized to provide indemnification of (and advancement of expenses
to) directors, officers and agents of the Corporation (and any other persons to which General Corporation Law permits the Corporation
to provide indemnification) through Bylaw provisions, agreements with such agents or other persons, vote of stockholders or disinterested
directors or otherwise, in excess of the indemnification and advancement otherwise permitted by Section 145 of the General Corporation
Law.

Any
amendment, repeal or modification of the foregoing provisions of this Article Tenth shall not (a) adversely affect any right or protection
of any director, officer or other agent of the Corporation existing at the time of such amendment, repeal or modification or (b) increase
the liability of any director of the Corporation with respect to any acts or omissions of such director, officer or agent occurring prior
to, such amendment, repeal or modification.