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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intend to seek, any ruling from the Internal Revenue Service, or IRS, with respect to the statements made and the conclusions reached in the following summary, and there can be no assurance that the IRS or a court will agree with such statements and conclusions. This summary also does not address the tax considerations arising under the laws of any state or local or non-U.S. jurisdiction or under U.S. federal gift and estate tax rules, or rising out of other non-income tax rules, except to the limited extent set forth below. In addition, this discussion does not address tax considerations applicable to an investor’s particular circumstances or to investors that may be subject to special tax rules, including, without limitation: ● banks, insurance companies, regulated investment companies, real estate investment trusts or other financial institutions; ● persons subject to the alternative minimum tax or the tax on net investment income;

●	persons
subject to special tax accounting rules as a result of any item of gross income with respect to our common stock being taken into
account in an applicable financial statement;

●	tax-exempt
organizations or governmental organizations;

●	pension
plans and tax-qualified retirement plans;

●	controlled
foreign corporations, passive foreign investment companies and corporations that accumulate earnings to avoid U.S. federal income
tax;

●	partnerships
or other entities or arrangements treated as partnership for U.S. federal income tax purposes (and investors therein);

●	brokers
or dealers in securities or currencies;

●	traders
in securities that elect to use a mark-to-market method of accounting for their securities holdings;

●	persons
that own, or are deemed to own, more than five percent of our capital stock (except to the extent specifically set forth below);

●	certain
former citizens or long-term residents of the United States;

●	persons
who hold our common stock as a position in a hedging transaction, “straddle,” “conversion transaction” or
other risk reduction transaction or integrated investment;

●	persons
who hold or receive our common stock pursuant to the exercise of any option or otherwise as compensation;

●	persons
who do not hold our common stock as a capital asset within the meaning of Section 1221 of the Code (generally, property held for
investment); and

●	persons
deemed to sell our common stock under the constructive sale provisions of the Code.

addition, if a partnership, entity or arrangement classified as a partnership or flow-through entity for U.S. federal income tax purposes
holds our common stock, the tax treatment of a partner generally will depend on the status of the partner and upon the activities of
the partnership or other entity. A partner in a partnership or other such entity that will hold our common stock should consult his,
her or its own tax advisor regarding the tax consequences of the ownership and disposition of our common stock through a partnership
or other such entity, as applicable.

This
summary is for informational purposes only and is not tax advice. Each non-U.S. holder is urged to consult its own tax advisor with respect
to the application of the U.S. federal income tax laws to its particular situation, as well as any tax consequences of the purchase,
ownership and disposition of our common stock arising under the U.S. federal gift or estate tax rules or under the laws of any state,
local, non-U.S. or other taxing jurisdiction or under any applicable tax treaty.

Non-U.S.
Holder Defined

For
purposes of this discussion, a “non-U.S. holder” is a beneficial owner of our common stock that, for U.S. federal income
tax purposes, is neither a “U.S. person” nor an entity (or arrangement) treated as a partnership. A “U.S. person”
is any person that, for U.S. federal income tax purposes, is or is treated as any of the following:

individual who is a citizen or resident of the United States;

corporation or other entity taxable as a corporation created or organized in the United States or under the laws of the United States
or any political subdivision thereof, or otherwise treated as such for U.S. federal income tax purposes;

estate whose income is subject to U.S. federal income tax regardless of its source; or

trust (x) whose administration is subject to the primary supervision of a U.S. court and that has one or more U.S. persons who have
the authority to control all substantial decisions of the trust or (y) that has made a valid election under applicable Treasury Regulations
to be treated as a U.S. person.

Distributions

described in the section titled “Dividend Policy,” we have never declared or paid cash dividends on our common stock.
However, following the completion of this offering, if we do make distributions of cash or property on our common stock to non-U.S. holders,
such distributions will constitute dividends for U.S. federal income tax purposes to the extent paid from our current or accumulated
earnings and profits, as determined under U.S. federal income tax principles. To the extent those distributions exceed both our current
and our accumulated earnings and profits, the excess will first constitute a return of capital and will reduce each non-U.S. holder’s
adjusted tax basis in our common stock, but not below zero. Any additional excess will then be treated as capital gain from the sale
of stock, as discussed under “Gain on Disposition of common stock.”

Subject
to the discussions below on effectively connected income, backup withholding and the Foreign Account Tax Compliance Act, or FATCA, any
dividend paid to a non-U.S. holder generally will be subject to U.S. federal withholding tax either at a rate of 30% of the gross amount
of the dividend or such lower rate as may be specified by an applicable income tax treaty between the United States and such non-U.S.
holder’s country of residence. In order to receive a reduced treaty rate, such non-U.S. holder must provide the applicable withholding
agent with an IRS Form W-8BEN or W-8BEN-E or other appropriate version of IRS Form W-8 certifying qualification for the reduced treaty
rate. A non-U.S. holder of shares of our common stock eligible for a reduced rate of U.S. federal withholding tax pursuant to an income
tax treaty may obtain a refund of any excess amounts withheld by filing an appropriate claim for refund with the IRS. If such non-U.S.
holder holds our common stock through a financial institution or other agent acting on the non-U.S. holder’s behalf, the non-U.S.
holder will be required to provide appropriate documentation to such agent, which then will be required to provide certification to the
applicable withholding agent, either directly or through other intermediaries. Each non-U.S. holder should consult its own tax advisors
regarding their entitlement to benefits under any applicable income tax treaty.

Dividends
received by a non-U.S. holder that are treated as effectively connected with such non-U.S. holder’s conduct of a trade or business
within the United States (and, if an applicable income tax treaty so provides, such non-U.S. holder maintains a permanent establishment
or fixed base in the United States to which such dividends are attributable) are generally exempt from the 30% U.S. federal withholding
tax, subject to the discussion below on backup withholding and FATCA withholding. To claim this exemption, a non-U.S. holder must provide
the applicable withholding agent with a properly executed IRS Form W-8ECI or other applicable IRS Form W-8 properly certifying such exemption.
Such effectively connected dividends, although not subject to U.S. federal withholding tax, are taxed at the same graduated rates applicable
to U.S. persons, net of certain deductions and credits, subject to an applicable income tax treaty providing otherwise. In addition,
if a non-U.S. holder is a corporation, dividends such non-U.S. holder receives that are effectively connected with its conduct of a U.S.
trade or business may also be subject to a branch profits tax at a rate of 30% or such lower rate as may be specified by an applicable
income tax treaty between the United States and such non-U.S. holder’s country of residence. Each non-U.S. holder should consult
its own tax advisor regarding the tax consequences of the ownership and disposition of our common stock, including any applicable tax
treaties that may provide for different rules.

Gain
on Disposition of common stock

Subject
to the discussion below regarding backup withholding and FATCA withholding, a non-U.S. holder generally will not be required to pay U.S.
federal income tax on any gain realized upon the sale or other disposition of our common stock unless:

●	the
gain is effectively connected with such non-U.S. holder’s conduct of a U.S. trade or business (and, if an applicable income
tax treaty so provides, such non-U.S. holder maintains a permanent establishment or fixed base in the United States to which such
gain is attributable);

●	such
non-U.S. holder is an individual who is present in the United States for an aggregate 183 days or more during the taxable year in
which the sale or disposition occurs and certain other conditions are met; or