other material
confidence high
sentiment neutral
materiality 0.60
BioVie prices $3M public offering of 1.96M units at $1.53/share with warrants
BIOVIE INC.
- Gross proceeds ~$3M from 1,960,800 units at $1.53 each; each unit includes share or pre-funded warrant plus 5-year warrant exercisable at $1.53.
- Offering expected to close September 25, 2024; ThinkEquity acting as sole placement agent.
- Net proceeds to be used for working capital and general corporate purposes.
- BioVie is a clinical-stage company focused on liver disease and neurodegenerative disorders.