BIOVIE INC. (BIVI) - Dilution Analysis
Visualizing historical and potential share dilution over time
Dilution Analysis
Risk Assessment Details
Summary
BIVI currently has 7.54M outstanding shares. with minimal authorized share overhang for future dilution. The company has significantly diluted shareholders by 463.54% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 2 stock splits (positive for accessibility) and 2 reverse splits (concerning signal).
Share Structure Timeline
Historical Data Points
| Date | Event | Outstanding | Supply |
|---|---|---|---|
| May 11, 2026 |
10-Q filing | 7.5M shares outstanding |
7.5M | 0 |
| Aug 15, 2025 |
10-K filing | 7.5M shares outstanding |
7.5M | 0 |
| Aug 11, 2025 |
8-K filing: BioVie Inc. closed an offering of units and pre-funded units on August 11, 2025, resulting in net proceeds of approximately $10.4 million. ($11.24M proceeds) |
1.9M | 5M |
| Aug 04, 2025 |
S-1/A filing: The company is offering 1,986,754 units ( |
1.9M | 5M |
| Jul 22, 2025 |
S-1/A filing: BioVie Inc. is offering 1,456,310 units in a firm commitment underwritten offering, with each Unit consisting of one share of Class A Common Stock and one warrant to purchase one share of Common Stock at an assumed public offering price of $10.30 per Unit. They are also offering 1,456,310 pre-funded units, with each Pre-funded Unit consisting of one pre-funded warrant to purchase one share of Common Stock and one Warrant to purchase one share of Common Stock. |
1.9M | 480K |
| Jul 11, 2025 |
S-1/A filing: BioVie Inc. is offering 1,456,310 units in a firm commitment underwritten offering, with each Unit consisting of (i) one share of Class A Common Stock, and (ii) one warrant to purchase one share of Common Stock at an assumed public offering price of $10.30 per Unit. They are also offering 1,456,310 pre-funded units, with each Pre-funded Unit consisting of (i) one pre-funded warrant to purchase one share of our Common Stock and (ii) one Warrant to purchase one share of Common Stock. |
1.9M | 480K |
| Jul 07, 2025 |
Stock Split
8-K filing: Stock split 1-for-10 | Outstanding: 18,507,218 → 1,850,721 |
1.9M | 0 |
| Jul 03, 2025 |
S-1 filing: BioVie Inc. is offering 1,456,310 units and 1,456,310 pre-funded units, each consisting of common stock or pre-funded warrants and warrants to purchase common stock. |
1.9M | 9.9M |
| May 12, 2025 |
10-Q filing | 18.5M shares outstanding |
19M | 0 |
| Feb 11, 2025 |
10-Q filing | 18.5M shares outstanding |
18M | 0 |
| Nov 27, 2024 |
S-1/A filing: Registration of up to 7,711,613 shares of Class A Common Stock issuable upon exercise of warrants. |
18M | 0 |
| Nov 21, 2024 |
S-1 filing: This prospectus relates to the offer and resale of up to 7,711,613 shares of Class A common stock issuable upon the exercise of warrants held by selling stockholders. |
18M | 0 |
| Nov 13, 2024 |
10-Q filing | 17.8M shares outstanding |
18M | 0 |
| Oct 29, 2024 |
8-K filing: BioVie Inc. entered into a placement agent agreement with ThinkEquity LLC for the issuance and sale of up to 1,146,000 shares of Class A common stock at $2.83 per share, with expected gross proceeds of approximately $3,243,180 before deducting fees. ($3.24M proceeds) |
8M | 0 |
| Oct 29, 2024 |
8-K filing: The Company closed a registered direct offering of 1,146,000 shares of Class A common stock at a price of $2.83 per share, resulting in gross proceeds of approximately $3,243,180 before deducting fees and expenses. ($3.24M proceeds) |
8M | 0 |
| Oct 24, 2024 |
8-K filing: The Company closed a registered direct offering of 2,667,000 shares of Class A common stock at $2.25 per share and a concurrent private placement of warrants to purchase up to 2,667,000 shares of Common Stock at an exercise price of $2.12 per share, resulting in gross proceeds of approximately $6,000,750. ($6.0M proceeds) |
8M | 0 |
| Oct 24, 2024 |
8-K filing: BioVie Inc. entered into a placement agent agreement to issue up to 2,667,000 shares of Class A common stock at $2.25 per share and unregistered warrants to purchase 2,667,000 shares of Common Stock at an exercise price of $2.12 per share, along with a warrant to the Placement Agent to purchase 133,350 shares of Common Stock at $2.8125 per share. ($6.0M proceeds) |
8M | 0 |
| Oct 22, 2024 |
8-K filing: BioVie Inc. entered into a placement agent agreement for the issuance and sale of up to 4,443,000 shares of Class A common stock at $1.50 per share and agreed to issue unregistered warrants to purchase 4,443,000 shares of common stock at an exercise price of $1.37 per share in a concurrent private placement. The Company also issued a warrant to the Placement Agent, exercisable to purchase 222,150 shares of Common Stock at an exercise price of $1.875 per share. ($6.66M proceeds) |
8M | 0 |
| Oct 22, 2024 |
8-K filing: The company closed a registered direct offering of 4,443,000 shares of Class A common stock at $1.50 per share and a concurrent private placement of warrants to purchase up to 4,443,000 shares of common stock at an exercise price of $1.37 per share, resulting in gross proceeds of approximately $6,664,500. ($6.66M proceeds) |
8M | 0 |
| Sep 30, 2024 |
10-K filing | 8.0M shares outstanding |
8M | 0 |
| Sep 25, 2024 |
8-K filing: The Company closed a public offering of 1,360,800 shares of Class A common stock, pre-funded warrants to purchase 600,000 shares of Common Stock, and warrants to purchase up to 1,960,800 shares of Common Stock at a combined price of $1.53, generating gross proceeds of approximately $3,000,000 before deducting fees and expenses. ($3.0M proceeds) |
6.1M | 0 |
| Sep 24, 2024 |
8-K filing: BioVie Inc. entered into a placement agent agreement with ThinkEquity LLC for the issuance and sale of up to 1,960,800 shares of class A common stock and/or pre-funded warrants at $1.53 per share and $1.5299 per pre-funded warrant, respectively, along with common stock purchase warrants. ($3.0M proceeds) |
6.1M | 0 |
| Aug 06, 2024 |
Stock Split
8-K filing: Stock split 1-for-10 | Outstanding: 61,018,606 → 6,101,860 |
6.1M | 0 |
| May 14, 2024 |
10-Q filing | 61.0M shares outstanding |
61M | 0 |
| Mar 06, 2024 |
8-K filing: The Company closed a public offering of 15,000,000 shares of Class A common stock, pre-funded warrants to purchase 6,000,000 shares of Common Stock, and warrants to purchase up to 10,500,000 shares of Common Stock at a combined public offering price of $1.00 per share, with gross proceeds of approximately $21 million. ($21.0M proceeds) |
38M | 0 |
| Mar 04, 2024 |
8-K filing: BioVie Inc. entered into a placement agent agreement with ThinkEquity LLC for an offering of up to 21,000,000 shares of class A common stock and/or pre-funded warrants, along with common stock purchase warrants, with expected gross proceeds of approximately $21 million before deducting fees and expenses; the offering is expected to close on March 6, 2024. ($21.0M proceeds) |
38M | 0 |
| Feb 13, 2024 |
10-Q filing | 38.2M shares outstanding |
38M | 0 |
| Jan 19, 2024 |
8-K filing: BioVie Inc. issued 8,136,058 shares of Class A common stock under the Sales Agreement for total net proceeds of $59.4 million after commissions and expenses of approximately $1.8 million as of January 19, 2024. ($59.4M proceeds) |
37M | 0 |
| Nov 08, 2023 |
10-Q filing | 36.7M shares outstanding |
37M | 0 |
| Aug 18, 2023 |
S-3 filing: This is an S-3 filing for a shelf registration to offer Class A common stock, preferred stock, warrants, debt securities, rights to purchase common stock or other securities, and/or units up to a total dollar amount of $300,000,000, and also covers the resale of up to 311,002 shares of Class A common stock issuable upon the exercise of Lender Warrants by selling stockholders. |
37M | 0 |
| Aug 16, 2023 |
10-K filing | 36.8M shares outstanding |
37M | 0 |
| May 12, 2023 |
10-Q filing | 35.3M shares outstanding |
35M | 0 |
| Apr 07, 2023 |
8-K filing: BioVie Inc. reports the issuance of 7,391,228 shares under the Controlled Equity OfferingSM Sales Agreement for net proceeds of $48.8 million as of April 3, 2023, and the termination of B. Riley Securities, Inc.'s role as a sales agent. ($48.8M proceeds) |
36M | 0 |
| Mar 31, 2023 |
S-3 filing: This is an S-3 filing for BioVie Inc. covering expenses, indemnification, recent unregistered sales of securities (including common stock and warrants to Acuitas), and exhibits including the underwriting agreement. |
36M | 0 |
| Feb 10, 2023 |
10-Q filing | 35.0M shares outstanding |
35M | 0 |
| Dec 23, 2022 |
8-K filing: BioVie Inc. issued 3,709,509 shares of Class A common stock under the Controlled Equity OfferingSM Sales Agreement for net proceeds of $29.0 million after commissions and expenses of approximately $898,000. ($29.0M proceeds) |
30M | 0 |
| Dec 12, 2022 |
RW filing: BioVie Inc. is withdrawing its Registration Statement on Form S-1 (File No. 333-268313) filed on November 10, 2022, and will not pursue the public offering at this time. |
30M | 0 |
| Dec 06, 2022 |
8-K filing: BioVie Inc. increased the aggregate amount of shares of its Class A common stock that may be sold pursuant to the Controlled Equity OfferingSM Sales Agreement from $8.1 million to $17.5 million. ($7.4M proceeds) |
30M | 0 |
| Nov 10, 2022 |
S-1 filing: BioVie Inc. is offering shares of Class A common stock. |
30M | 0 |
| Nov 04, 2022 |
10-Q filing | 30.5M shares outstanding |
31M | 0 |
| Sep 27, 2022 |
10-K filing | 30.2M shares outstanding |
30M | 0 |
| Jul 15, 2022 |
8-K filing: BioVie Inc. entered into a securities purchase agreement with Acuitas Group Holdings, LLC to issue and sell 3,636,364 shares of Class A common stock at $1.65 per share and a warrant to purchase 7,272,728 shares at an exercise price of $1.82, for gross proceeds of approximately $6 million. ($6.0M proceeds) |
25M | 0 |
| May 11, 2022 |
10-Q filing | 25.0M shares outstanding |
25M | 0 |
| Feb 08, 2022 |
10-Q filing | 25.0M shares outstanding |
25M | 0 |
| Nov 10, 2021 |
10-Q filing | 23.7M shares outstanding |
24M | 0 |
| Aug 30, 2021 |
10-K filing | 24.8M shares outstanding |
25M | 0 |
| May 10, 2021 |
10-Q filing | 13.9M shares outstanding |
14M | 0 |
| May 10, 2021 |
8-K filing: BioVie Inc. may issue up to 18.0 million shares of its common stock to NeurMedix (or its successor) upon achievement of certain milestones, as per Amendment No. 1 to the Asset Purchase Agreement. |
14M | 0 |
| Apr 27, 2021 |
8-K filing: BioVie Inc. acquired certain assets from NeurMedix, Inc. in exchange for 8,361,308 shares of BioVie's common stock and a cash payment estimated at $3.0 million, with potential for future contingent consideration. |
14M | 0 |
| Jan 29, 2021 |
10-Q filing | 13.9M shares outstanding |
14M | 0 |
| Jan 22, 2021 |
S-3 filing: BioVie Inc. is offering shares of Class A common stock, preferred stock, debt securities, and rights to purchase common stock or other securities for a maximum aggregate offering price of $100,000,000. |
5.2M | 1.5M |
| Sep 08, 2020 |
S-1/A filing: The company is offering shares of common stock to fund clinical trials of their lead product candidate BIV201 and for working capital and other general corporate purposes. |
5.2M | 1.5M |
| Aug 21, 2020 |
S-1/A filing: S-1/A filing for an offering of common stock to fund clinical trials of BIV201 and for working capital and other general corporate purposes. |
5.2M | 1.5M |
| Jul 15, 2020 |
S-1/A filing: This S-1/A filing relates to a company pursuing the discovery, development, and commercialization of innovative drug therapies, primarily focused on BIV201 for the treatment of ascites due to chronic liver cirrhosis, and includes details about a proposed offering of common stock. |
5.2M | 1.5M |
| Mar 11, 2020 |
S-1/A filing: The company is offering up to 1,538,462 units, each consisting of one share of common stock and one-half warrant, each whole warrant exercisable for one share of common stock. The company intends to use the net proceeds of this offering primarily to fund the Lead-in stage of our planned Phase 2b/3 clinical trial of our lead product candidate BIV201, repay bridge financing extended by our controlling stockholder and for working capital and other general corporate purposes. |
5.2M | 1.5M |
| Feb 13, 2020 |
10-Q filing | 5.2M shares outstanding |
5.2M | 0 |