BioVie terminates B. Riley as ATM agent; updates prior equity sales of $48.8M

BIOVIE INC.

Mutually terminated B. Riley as sales agent under Controlled Equity Offering Sales Agreement; Cantor Fitzgerald remains agent.
As of Apr 3, 2023, issued 7,391,228 shares for net proceeds of $48.8M after ~$1.7M commissions and expenses.
Filed prospectus supplement to offer up to $17.5M in aggregate offering price of Class A common stock under the agreement.
Shares sold under Company's effective S-3 registration statement (333-252386) declared effective Feb 2, 2021.

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