other material
confidence high
sentiment neutral
materiality 0.65
BioVie prices $6.66M registered direct offering of 4.44M shares at $1.50/share
BIOVIE INC.
- Gross proceeds of ~$6.66M from sale of 4,443,000 shares at $1.50/share in registered direct offering.
- Concurrent private placement of warrants to purchase 4,443,000 shares at $1.37/exercise price, exercisable in 6 months for 5 years.
- Placement agent ThinkEquity receives warrant for 222,150 shares at $1.875/share.
- Net proceeds to be used for working capital and general corporate purposes.
- Offering expected to close on October 22, 2024.