BioVie Secures $6.66 Million Through Direct Offering

An announcement from BioVie ( (BIVI) ) is now available.

BioVie Inc. has announced the successful closing of a registered direct offering and concurrent private placement, raising gross proceeds of approximately $6.66 million. The offering included 4,443,000 shares of common stock at $1.50 per share and warrants for the same number of shares at an exercise price of $1.37 per share. The company plans to use the funds for working capital and corporate purposes. This development is significant for investors tracking BioVie’s financial maneuvers and potential growth in the biopharmaceutical sector.

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