other material
confidence high
sentiment neutral
materiality 0.60
BioVie closes registered direct offering of 4.44M shares at $1.50, raising $6.66M gross
BIOVIE INC.
- Closed registered direct offering of 4,443,000 shares at $1.50/share for gross proceeds of $6,664,500.
- Concurrent private placement of warrants to buy up to 4,443,000 shares at $1.37/share, exercisable after six months for five years.
- Net proceeds after ~$902,560 in fees will fund working capital and general corporate purposes.
- Acuitas warrant exercise price adjusted from $1.53 to $1.37 due to anti-dilution provision triggered by the offering.