secwatch.observer — SEC 8-K summary
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Issuer:     BIOVIE INC. (BIVI)
CIK:        0001580149
Form:       8-K
Filed at:   2024-10-22T23:59:59+00:00
Accession:  0001520138-24-000372
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BioVie prices $6.66M registered direct offering of 4.44M shares at $1.50/share
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580149/000152013824000372/0001520138-24-000372-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580149/000152013824000372/bivi-20241021_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-24-000372

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