secwatch.observer — SEC 8-K summary
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Issuer:     BIOVIE INC. (BIVI)
CIK:        0001580149
Form:       8-K
Filed at:   2024-04-19T23:59:59+00:00
Accession:  0001520138-24-000179
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01
LLM model:  deepseek-v4-flash:cloud@v2

BioVie receives Nasdaq delisting notice; has 180 days to regain compliance
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- Nasdaq notified BioVie that its stock closed below $1.00 for 30 consecutive business days.
- Company granted 180-day grace period until October 15, 2024 to meet minimum bid price.
- Compliance requires closing bid price of at least $1.00 for 10 consecutive business days.
- Eligible for second 180-day extension if other Nasdaq initial listing standards are met.
- Currently has stockholders' equity of at least $5 million; no assurance of regaining compliance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580149/000152013824000179/0001520138-24-000179-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580149/000152013824000179/bivi-20240418_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-24-000179

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