other material
confidence high
sentiment neutral
materiality 0.60
BioVie closes registered direct offering raising $3.24M gross proceeds at $2.83/share
BIOVIE INC.
- Closed registered direct offering of 1,146,000 shares at $2.83/share, gross proceeds ~$3.24M.
- Net proceeds after fees of ~$419K are approx. $2.82M; funds for working capital and corporate purposes.
- ThinkEquity acted as sole placement agent; offering made under shelf registration S-3.
- BioVie is a clinical-stage company developing therapies for liver disease and neurological disorders.