SEC Filing Document

Company: BIOVENTRIX, INC.
Ticker: 
CIK: 1283259
Filing Type: S-1
Document Type: EX-3.2
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/ex3-2.htm

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Exhibit

FIRST
AMENDMENT TO THE THIRD AMENDED AND RESTATED

CERTIFICATE
OF INCORPORATION

BIOVENTRIX,
INC.

BioVentrix,
Inc., a corporation organized and existing under and by virtue of the provisions of the General Corporation Law of the State of Delaware
(the “General Corporation Law”),

DOES
HEREBY CERTIFY:

FIRST:
That the name of this corporation is BioVentrix, Inc. and that this corporation was originally incorporated pursuant to the General Corporation
Law on June 8, 2012.

SECOND:
That the Board of Directors and the requisite stockholders of this corporation have duly adopted resolutions proposing to amend the Third
Amended and Restated Certificate of Incorporation of this corporation that was filed on March 29, 2023 with the Delaware Secretary of
State, which resolutions setting forth the proposed amendment are as follows:

RESOLVED:
That the Third Amended and Restated Certificate of Incorporation of this corporation be amended as follows:

Section
2.1 of Part B. of Article FOURTH of the Third Amended and Restated Certificate of Incorporation shall be deleted and replaced
with the following:

“2.1 Preferential
Payments to Holders of Preferred Stock. In the event of any voluntary or involuntary liquidation, dissolution or winding up of the
Corporation, the holders of shares of Preferred Stock then outstanding shall be entitled to be paid out of the assets of the Corporation
available for distribution to its stockholders or, in the case of a Deemed Liquidation Event (as defined below), out of the consideration
payable to stockholders in such Deemed Liquidation Event or the Available Proceeds (as defined below), before any payment shall be made
to the holders of Common Stock by reason of their ownership thereof, an amount per share equal to one (1) times the Original Issue Price,
plus any dividends declared but unpaid thereon. If upon any such liquidation, dissolution or winding up of the Corporation or Deemed
Liquidation Event, the assets of the Corporation available for distribution to its stockholders shall be insufficient to pay the holders
of shares of Preferred Stock the full amount to which they shall be entitled under this Section 2.1, the holders of shares of
Preferred Stock shall share ratably in any distribution of the assets available for distribution in proportion to the respective amounts
which would otherwise be payable in respect of the shares held by them upon such distribution if all amounts payable on or with respect
to such shares were paid in full. The amount which a holder of a share of Preferred Stock is entitled to receive under this Section
2.1 is hereinafter referred to as the “Liquidation Amount.””

Section
2.2 of Part B. of Article FOURTH of the Third Amended and Restated Certificate of Incorporation shall be deleted and replaced
with the following:

“2.2 Distribution
of Remaining Assets. In the event of any voluntary or involuntary liquidation, dissolution or winding up of the Corporation, after
the payment in full of all Liquidation Amount required to be paid to the holders of shares of Preferred Stock the remaining assets of
the Corporation available for distribution to its stockholders or, in the case of a Deemed Liquidation Event, the consideration not payable
to the holders of shares of Preferred Stock pursuant to Section 2.1 or the remaining Available Proceeds, as the case may be, shall
be distributed among the holders of the shares of Common Stock, pro rata based on the number of shares held by each such holder.”

1 -FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION

Section
2.3.1 of Part B. of Article FOURTH of the Third Amended and Restated Certificate of Incorporation shall be deleted and replaced
with the following:

“2.3.1 Definition.
Each of the following events shall be considered a “Deemed Liquidation Event”:

a merger or consolidation in which

(i)	the
Corporation is a constituent party or

subsidiary of the Corporation is a constituent party and the Corporation issues shares of its capital stock pursuant to such merger
or consolidation,

except
any such merger or consolidation involving the Corporation or a subsidiary in which the shares of capital stock of the Corporation outstanding
immediately prior to such merger or consolidation continue to represent, or are converted into or exchanged for shares of capital stock
that represent, immediately following such merger or consolidation, at least a majority, by voting power, of the capital stock of (1)
the surviving or resulting corporation; or (2) if the surviving or resulting corporation is a wholly owned subsidiary of another corporation
immediately following such merger or consolidation, the parent corporation of such surviving or resulting corporation; or

the sale, lease, transfer, exclusive license or other disposition, in a single transaction or series of related transactions, by the
Corporation or any subsidiary of the Corporation of all or substantially all the assets of the Corporation and its subsidiaries taken
as a whole, or (2) the sale or disposition (whether by merger, consolidation or otherwise, and whether in a single transaction or a series
of related transactions) of one (1) or more subsidiaries of the Corporation if substantially all of the assets of the Corporation and
its subsidiaries taken as a whole are held by such subsidiary or subsidiaries, except where such sale, lease, transfer, exclusive license
or other disposition is to a wholly owned subsidiary of the Corporation.”

Section
2.3.2(b) of Part B. of Article FOURTH of the Third Amended and Restated Certificate of Incorporation shall be deleted and replaced
with the following:

the event of a Deemed Liquidation Event referred to in Section 2.3.1(a)(ii) or 2.3.1(b), if the Corporation does not effect
a dissolution of the Corporation under the General Corporation Law within ninety (90) days after such Deemed Liquidation Event, then
(i) the Corporation shall send a written notice to each holder of Preferred Stock no later than the ninetieth (90th) day after
the Deemed Liquidation Event advising such holders of their right (and the requirements to be met to secure such right) pursuant to the
terms of the following clause (ii) to require the redemption of such shares of Preferred Stock, and (iii) if the Requisite Holders so
request in a written instrument delivered to the Corporation not later than one hundred twenty (120) days after such Deemed Liquidation
Event, the Corporation shall use the consideration received by the Corporation for such Deemed Liquidation Event (net of any retained
liabilities associated with the assets sold or technology licensed, as determined in good faith by the Board of Directors of the Corporation),
together with any other assets of the Corporation available for distribution to its stockholders, all to the extent permitted by
Delaware law governing distributions to stockholders (the “Available Proceeds”), on the one hundred fiftieth (150th)
day after such Deemed Liquidation Event, to redeem all outstanding shares of Preferred Stock at a price per share equal to the applicable
Liquidation Amount. Notwithstanding the foregoing, in the event of a redemption pursuant to the preceding sentence, if the Available
Proceeds are not sufficient to redeem all outstanding shares of Preferred Stock, the Corporation shall redeem a pro rata portion of each
holder’s shares of Preferred Stock to the fullest extent of such Available Proceeds, based on the respective amounts which would
otherwise be payable in respect of the shares to be redeemed if the Available Proceeds were sufficient to redeem all such shares, and
shall redeem the remaining shares as soon as it may lawfully do so under Delaware law governing distributions to stockholders. Prior
to the distribution or redemption provided for in this Section 2.3.2(b), the Corporation shall not expend or dissipate the consideration
received for such Deemed Liquidation Event, except to discharge expenses incurred in connection with such Deemed Liquidation Event or
in the ordinary course of business.”

2 -FIRST AMENDMENT TO THE THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION

Section
3.3 of Part B. of Article FOURTH of the Third Amended and Restated Certificate of Incorporation (which includes subsections 3.3.1
through 3.3.9) shall be deleted in its entirety.

Section
4.4 of Part B. of Article FOURTH of the Third Amended and Restated Certificate of Incorporation (which includes subsections 4.4.1
through 4.4.6) shall be deleted and replaced with the following:

“4.4 [Intentionally
omitted].”

Section
4.8 of Part B. of Article FOURTH of the Third Amended and Restated Certificate of Incorporation shall be deleted and replaced
with the following: