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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options may only be granted to employees of the Company and its subsidiaries. Nonqualified options may be granted to any persons eligible to receive awards under the 2026 Plan. The exercise price of each option will be determined by the Administrator, but such exercise price may not be less than 100% of the fair market value of one Share on the date of grant or, in the case of an incentive stock option granted to a 10% or greater stockholder, 110% of such Share’s fair market value. The term of each option will be set by the Administrator and may not exceed ten (10) years from the date of grant (or five (5) years for an incentive stock option granted to a 10% or greater stockholder). The Administrator will determine at what time or times each option may be exercised, including the ability to accelerate the vesting of such options.

Stock
Appreciation Rights. The Administrator may award stock appreciation rights subject to such conditions and restrictions as it may
determine. Stock appreciation rights entitle the recipient to Shares or cash, equal to the value of the appreciation in our stock price
over the exercise price, as set by the Administrator and which will be at least equal to the fair market value of a Share on the grant
date. The term of each stock appreciation right will be set by the Administrator and may not exceed ten years from the date of grant.
The Administrator will determine at what time or times each stock appreciation right may be exercised, including the ability to accelerate
the vesting of such stock appreciation rights.

Restricted
Stock. A restricted stock award is an award of Shares that vests in accordance with the terms and conditions established by the Administrator.
The Administrator will determine the persons to whom grants of restricted stock awards are made, the number of restricted shares to be
awarded, the price (if any) to be paid for the restricted shares, the time or times within which awards of restricted stock may be subject
to forfeiture, the vesting schedule and rights to acceleration thereof, and all other terms and conditions of restricted stock awards.
Unless otherwise provided in the applicable award agreement, a participant generally will have the rights and privileges of a stockholder
as to such restricted shares, including without limitation the right to vote such restricted shares and the right to receive cash dividends,
if applicable.

Restricted
Stock Units. Restricted stock units are the right to receive Shares at a future date in accordance with the terms of such grant upon
the attainment of certain conditions specified by the Administrator. Restrictions or conditions could include, but are not limited to,
the attainment of performance goals, continuous service with the Company or its subsidiaries, the passage of time or other restrictions
or conditions. The Administrator determines the persons to whom grants of restricted stock units are made, the number of restricted stock
units to be awarded, the time or times within which awards of restricted stock units may be subject to forfeiture, the vesting schedule,
and rights to acceleration thereof, and all other terms and conditions of the restricted stock unit awards. The value of the restricted
stock units may be paid in Shares, cash, other securities, other property, or a combination of the foregoing, as determined by the Administrator.

The
holders of restricted stock units will have no voting rights. Prior to settlement or forfeiture, restricted stock units awarded under
the 2026 Plan may, at the Administrator’s discretion, provide for a right to dividend equivalents.

Performance
Awards. The Administrator has the authority to grant stock options, stock appreciation rights, restricted stock, or restricted stock
units as a performance award, which means that such awards vest at least in part upon the attainment of one or more specified performance
criteria. For each performance period, the Administrator will have the sole authority to select the length of such performance period,
the types of performance awards to be granted, the performance criteria that will be used to establish the performance goals, and the
level(s) of performance which shall result in a performance award being earned. At any time, the Administrator may adjust or modify the
calculation of a performance goal for a performance period to appropriately reflect any circumstance or event that occurs during a performance
period and that, in the Administrator’s sole discretion, warrants adjustment or modification. Depending on the type of performance
award granted, the previously discussed terms and conditions will also apply to a performance award.

Performance
criteria for a performance award may be based on the attainment of specific levels of our performance (and/or one or more subsidiaries,
divisions, business segments or operational units, or any combination of the foregoing) and may include, without limitation, any of the
following: (i) net earnings or net income (before or after taxes); (ii) basic or diluted earnings per share (before or after taxes);
(iii) revenue or revenue growth (measured on a net or gross basis); (iv) gross profit or gross profit growth; (v) operating profit (before
or after taxes); (vi) return measures (including, but not limited to, return on assets, capital, invested capital, equity, or sales);
(vii) cash flow (including, but not limited to, operating cash flow, free cash flow, net cash provided by operations and cash flow return
on capital); (viii) financing and other capital raising transactions (including, but not limited to, sales of our equity or debt securities);
(ix) earnings before or after taxes, interest, depreciation and/or amortization; (x) gross or operating margins; (xi) productivity ratios;
(xii) share price (including, but not limited to, growth measures and total shareholder return); (xiii) expense targets; (xiv) margins;
(xv) productivity and operating efficiencies; (xvi) customer satisfaction; (xvii) customer growth; (xviii) working capital targets; (xix)
measures of economic value added; (xx) inventory control; (xxi) enterprise value; (xxii) sales; (xxiii) debt levels and net debt; (xxiv)
combined ratio; (xxv) timely launch of new facilities; (xxvi) client retention; (xxvii) employee retention; (xxviii) timely completion
of new product rollouts; (xxix) cost targets; (xxx) reductions and savings; (xxxi) productivity and efficiencies; (xxxii) strategic partnerships
or transactions; and (xxxiii) personal targets, goals or completion of projects. Any one or more of the performance criteria may be used
on an absolute or relative basis to measure our performance and/or one or more subsidiaries as a whole or any business unit(s) of the
Company and/or one or more subsidiaries or any combination thereof, or any of the above performance criteria may be compared to the performance
of a selected group of comparison or peer companies, or a published or special index that the Administrator deems appropriate, or as
compared to various stock market indices.

Dividend
Equivalents. An award of dividend equivalents entitles the holder to be credited with an amount equal to all dividends paid on one
Share while the holder’s tandem award is outstanding. Dividend equivalents may be paid currently or credited to an account for
the participant, settled in cash or Shares, and subject to the same restriction on transferability and forfeitability as the award with
respect to which the dividend equivalents are granted.

Other
Stock- or Cash-Based Awards. Other stock-based awards may be granted either alone, in addition to, or in tandem with, other awards
granted under the 2026 Plan and/or cash awards made outside of the 2026 Plan. The Administrator shall have authority to determine the
service providers to whom and the time or times at which other stock-based awards shall be made, the amount of such other stock-based
awards, and all other conditions of the other stock-based awards including any dividend and/or voting rights. The Administrator may grant
cash awards in such amounts and subject to such performance or other vesting criteria and terms and conditions as the Administrator may
determine.

Repricing

Notwithstanding
anything to the contrary in the 2026 Plan, unless a repricing is approved by shareholders, in no case may the Administrator (i) amend
an outstanding option or stock appreciation right to reduce the exercise price of the award, (ii) cancel, exchange, or surrender an outstanding
option or stock appreciation right in exchange for cash or other awards for the purpose of repricing the award, or (iii) cancel, exchange,
or surrender an outstanding option or stock appreciation right in exchange for an option or stock appreciation right with an exercise
price that is less than the exercise price of the original award.

Equitable
Adjustments