secwatch.observer — SEC 8-K summary
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Issuer:     BIOVIE INC. (BIVI)
CIK:        0001580149
Form:       8-K
Filed at:   2024-09-25T23:59:59+00:00
Accession:  0001520138-24-000320
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 $3M public offering of shares and warrants at $1.53/unit
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580149/000152013824000320/0001520138-24-000320-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580149/000152013824000320/bivi-20240925_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-24-000320

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