Possible new Biovie shares

BIVIDilution

Known so far: no new shares from the prospectus covers read · shelf room about $2.8M · not yet read: warrants, converts, options, ATM.

Shelf room

  • Room today about $2.8M, maybe lower
  • One third of float $2.8M ($8.5M float, Dec 31, 2025)
  • Sold off it, 12 months nothing
How this is worked out

Shelf room about $2.8M on the S-3 of Jun 18, 2026: the baby-shelf rule (public float under $75M) caps sales at one third of the $8.5M public float stated as of Dec 31, 2025, $2.8M, nothing sold off it in the last 12 months; 1 more sale off the shelf with no size read, so the room may be lower. Sources: S-3 Jun 18, 2026, effective Jun 29, 2026 · public float, as of Dec 31, 2025 · 424B5 Sep 14, 2026.

What could become new Biovie (BIVI) shares, from its 10-Q, 10-K, S-1 or 424B filings.

Read so far: the cover share count (7.5M shares, +0% from 7.5M on Aug 15, 2025). Not read yet: warrants, convertible notes, options and RSUs and an ATM program. Read them on EDGAR: the latest 10-K · S-1 registration filings.

Shares outstanding

7.5M

Nov 2024 to Aug 2026: from 1.8M to 7.5M. Adjusted for the 1-for-10 reverse split by Aug 15, 2025: each earlier count is divided by the ratio of every split after it.

From the share count on the cover of each 10-Q and 10-K, dated as each cover states.