other material
confidence high
sentiment neutral
materiality 0.60
BioVie closes $3M public offering of shares and warrants at $1.53/unit
BIOVIE INC.
- Closed best efforts offering of 1,360,800 shares, pre-funded warrants for 600,000 shares, and 1,960,800 common warrants.
- Gross proceeds of ~$3.0M; net proceeds ~$2.79M after placement agent fees and expenses.
- Acuitas warrant exercise price adjusted from $10.00 to $1.53 per share due to anti-dilution provision.
- Net proceeds to be used primarily for working capital and general corporate purposes.