secwatch.observer — SEC 8-K summary
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Issuer:     BIOVIE INC. (BIVI)
CIK:        0001580149
Form:       8-K/A
Filed at:   2022-07-18T23:59:59+00:00
Accession:  0001520138-22-000313
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BioVie enters $6M private placement with controlling stockholder Acuitas Group; issues shares and warrants
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- Issued 3,636,364 shares at $1.65/share to Acuitas Group Holdings, LLC, a related party controlled by chairman Terren Peizer.
- Warrant to purchase 7,272,728 shares at $1.82 exercise price, five-year term.
- Aggregate purchase price approximately $6 million; expected closing on or about August 15, 2022.
- Proceeds to be used for working capital; registration rights to be amended to cover resale of shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580149/000152013822000313/0001520138-22-000313-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580149/000152013822000313/bivi-20220715_8ka1.htm
  HTML page:      https://secwatch.observer/filing/0001520138-22-000313

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer