other material
confidence high
sentiment neutral
materiality 0.60
BioVie prices $6.0M registered direct offering at $2.25/share; issues warrants at $2.12
BIOVIE INC.
- Gross proceeds of ~$6,000,750 from 2,667,000 shares of common stock at $2.25 per share.
- Concurrent private placement of warrants to purchase 2,667,000 shares at $2.12/share, exercisable after 6 months, expiring 5 years later.
- Closing expected on October 24, 2024; ThinkEquity acting as sole placement agent.
- Net proceeds to be used for working capital and general corporate purposes.