other material
confidence high
sentiment neutral
materiality 0.60
BioVie prices $3.2M registered direct offering of 1.146M shares at $2.83/share
BIOVIE INC.
- Offering of 1,146,000 shares at $2.83 per share, gross proceeds ~$3.2M.
- Net proceeds to be used for working capital and general corporate purposes.
- Placement agent warrant for 57,300 shares at $3.5375 (125% of offering price).
- Offering expected to close on October 29, 2024, subject to customary conditions.
- ThinkEquity acting as sole placement agent; securities sold under effective shelf registration.