BioVie Raises Capital Through Direct Stock Offering

BioVie ( (BIVI) ) just unveiled an announcement.

BioVie Inc. has launched a registered direct offering, selling 1,146,000 shares of its common stock at $2.83 per share, aiming to raise approximately $3.2 million. The proceeds will be used primarily for working capital and general corporate purposes. The offering, managed by ThinkEquity, is set to close on October 29, 2024, and is made under a shelf registration statement filed with the SEC.

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