Form 8-K - Current report
January 25 2024 - 5:00PM
Edgar (US Regulatory)
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0001580149
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2024-01-19
2024-01-19
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported)
January 19, 2024
BioVie Inc.
(Exact Name of Registrant as Specified in Its Charter)
Nevada |
|
001-39015 |
|
46-2510769 |
(State or Other Jurisdiction of Incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer Identification No.) |
680 W Nye Lane Suite 201
Carson City, NV |
|
89703 |
(Address of Principal Executive Offices) |
|
(Zip Code) |
|
|
|
(775) 888-3162
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since
Last Report)
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class |
Trading Symbol(s) |
Name of each exchange on which registered |
Class A Common Stock, par value $0.0001 per share |
BIVI |
The Nasdaq Stock Market, LLC |
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
| ☐ | Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ | Soliciting material pursuant to
Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether
the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this
chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
On January 19, 2024, a purported shareholder class
action complaint, captioned Eric Olmstead v. BioVie Inc. et al., No. 3:24-cv-00035, was filed in the U.S. District Court for the
District of Nevada, naming BioVie Inc. (the “Company”) and certain of its officers and/or directors as defendants. The lawsuit
alleges that the Company made material misrepresentations and/or omissions of material fact relating to the Company’s business,
operations, compliance, and prospects, including information related to the study and trial of NE3107, in
violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, as amended, and Rule 10b-5 promulgated thereunder. The class
action is on behalf of purchasers of the Company’s securities during the period from August 5, 2021 through November 29, 2023 and
seeks unspecified monetary damages on behalf of the putative class and an award of costs and expenses, including attorney’s fees.
The Company believes the lawsuit is without merit and intends to defend the case vigorously.
At this early stage of the proceedings, the Company is unable to make any prediction regarding the outcome of the litigation. The Company
does not intend to file further Current Reports on Form 8-K describing any additional lawsuits that may be filed that are based on allegations
substantially similar to those described above.
Cautionary Note Regarding Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking
statements, which may be identified by words such as “expect,” “look forward to,” “anticipate” “intend,”
“plan,” “believe,” “seek,” “estimate,” “will,” “project” or words
of similar meaning. In this report, forward-looking statements include, but are not limited to, those related to the outcome of the above-referenced
shareholder class action. These are not statements of historical facts and are based on management’s beliefs and assumptions and
on information currently available. They are subject to risks and uncertainties that could cause the actual results and the implementation
of the Company’s plans to vary materially, including the risks inherent in litigation. Certain of these risks are discussed in
the Company’s filings with the U.S. Securities and Exchange Commission, including, without limitation, quarterly reports on Form
10-Q, reports on Form 8-K and annual reports on Form 10-K. The Company does not undertake any duty to update any statements contained
herein (including any forward-looking statements), except as required by law.
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Dated: January 25, 2024
|
BIOVIE INC. |
|
|
|
|
By: |
/s/ Joanne Wendy Kim |
|
Name: |
Joanne Wendy Kim |
|
Title: |
Chief Financial Officer |
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