secwatch.observer — SEC 8-K summary
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Issuer:     BIOVIE INC. (BIVI)
CIK:        0001580149
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001520138-24-000387
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 $6M registered direct offering of 2.67M shares at $2.25/share with warrants
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- Closed offering of 2,667,000 shares at $2.25 per share for gross proceeds of $6,000,750.
- Concurrent private placement of warrants to purchase up to 2,667,000 shares at $2.12/exercise price.
- Net proceeds ~$5.33M after fees; intended for working capital and general corporate purposes.
- Warrants exercisable beginning 6 months after issuance, expiring 5 years after initial exercise date.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1580149/000152013824000387/0001520138-24-000387-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1580149/000152013824000387/bivi-20241024_8k.htm
  HTML page:      https://secwatch.observer/filing/0001520138-24-000387

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