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:  0001520138-24-000376
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 registered direct offering of 4.44M shares at $1.50, raising $6.66M gross
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580149/000152013824000376/0001520138-24-000376-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580149/000152013824000376/bivi-20241022_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-24-000376

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