secwatch.observer — SEC 8-K summary
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Issuer:     BIOVIE INC. (BIVI)
CIK:        0001580149
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001520138-24-000086
Event type: other_material
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BioVie announces $21M public offering of 21M shares at $1.00 with warrants
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- Offering of 21,000,000 common shares (or pre-funded warrants) at $1.00 per share, plus warrants to purchase up to 10,500,000 shares at $1.50.
- Gross proceeds ~$21 million; net proceeds for working capital and general corporate purposes.
- ThinkEquity is sole placement agent; offering expected to close March 6, 2024.
- Pre-funded warrants exercisable at $0.0001 per share; common warrants exercisable at $1.50 for 5 years.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580149/000152013824000086/0001520138-24-000086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580149/000152013824000086/bivi-20240304_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-24-000086

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