And a sched 14c, with an increase in authorized shares:
This Information Statement is being furnished to stockholders of BioVie, Inc., a Nevada corporation (the “Company”, “we”, “us” or “our”), to advise you of corporate action approved without a meeting by written consent of our stockholders holding a majority of our outstanding common stock. Such corporate action is the adoption of an amendment to our Articles of Incorporation to increase our authorized capitalization from 300,000,000 shares of Class A common stock, par value $0.0001 per share (referred to herein as the common stock), and 10,000,000 shares of preferred stock, par value $0.001 per share, to 800,000,000 shares of common stock and 10,000,000 shares of preferred stock, by filing an amendment to our Articles of Incorporation (the “Charter Amendment”). We are not increasing our authorized preferred stock which will remain unchanged. Approval of the Charter Amendment requires the affirmative vote of a majority of the outstanding shares of common stock entitled to vote thereon. There are no dissenters’ rights applicable to the Charter Amendment.
A copy of the form of Certificate of Amendment to our Articles of Incorporation to be filed in connection with the Charter Amendment is attached to this Information Statement as Appendix A.
Our Board of Directors, by written consent on July 2, has approved, and stockholders holding 53,863,299 shares (approximately 54.7%) of our outstanding common stock on July 3, 2018 (the “Majority Stockholders”), have consented in writing to the Charter Amendment. On July 3, 2018 we had approximately 98,503,199 shares of common stock issued and outstanding. Accordingly, all corporate actions necessary to authorize the Charter Amendment have been taken. Under Section 78.320 of the Nevada Revised Statutes (“NRS”), any action required or permitted by the NRS to be taken at an annual or special meeting of stockholders of a Nevada corporation may be taken without a meeting, without prior notice and without a vote, if a consent in writing, setting forth the action so taken, is signed by the holders of outstanding stock having at least a majority of the voting power that would be necessary to authorize or take such action at a meeting. In accordance with the regulations under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), the Charter Amendment will not become effective until at least 20 days after we have first mailed this Information Statement to our stockholders. Promptly following the expiration of this 20-day period, we intend to file a Certificate of Amendment to our Articles of Incorporation to effect the Charter Amendment. The proposed increase in the number of authorized shares of our common stock will become effective at the time of the filing of the Charter Amendment or at such other time as provided in the Charter Amendment.
DISCLAIMER: All I say is just IMHO and does not constitute investment advice. My wife informs me frequently that I know nothing. I say you should trust no one on the internet.
