secwatch.observer — SEC 8-K summary
======================================

Issuer:     BIOVIE INC. (BIVI)
CIK:        0001580149
Form:       8-K
Filed at:   2023-04-07T23:59:59+00:00
Accession:  0001520138-23-000181
Event type: other_material
Sentiment:  neutral
Materiality: 0.45
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580149/000152013823000181/0001520138-23-000181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580149/000152013823000181/bivi-20230406_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-23-000181

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