secwatch.observer — SEC 8-K summary
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Issuer:     BIOVIE INC. (BIVI)
CIK:        0001580149
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001520138-24-000098
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BioVie closes ~$21M public offering of stock and warrants
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- Issued 15M shares, pre-funded warrants for 6M shares, and common warrants for 10.5M shares at $1.00 combined price.
- Gross proceeds ~$21M; net after placement agent fees and expenses of ~$2.2M.
- Common warrants exercisable at $1.50 per share for five years from issuance.
- Acuitas warrant exercise price adjusted from $1.82 to $1.00 per the offering price.
- Company intends net proceeds for working capital and general corporate purposes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580149/000152013824000098/0001520138-24-000098-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580149/000152013824000098/bivi-20240306_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-24-000098

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