An announcement from BioVie (BIVI) is now available.
BioVie Inc. has initiated a significant fundraising effort by agreeing with ThinkEquity LLC to sell up to 21 million shares of its class A common stock at $1.00 each, alongside pre-funded and common warrants. The company expects to raise about $21 million before fees and expenses, with the offering set to close on March 6, 2024. This move, which includes the issuance of additional warrants for the placement agent, aims to bolster BioVie’s financial position, although it comes with the usual risks associated with such transactions, as outlined in their recent SEC filings.
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