Summary by Futu AI
BioVie Inc. (BIVI) has announced a reverse stock split that is scheduled to take effect before the market opens on August 6, 2024. The reverse split will be conducted at a ratio of 1-for-10, meaning that each Class A Common Share of BioVie will be converted into 0.1 of a new Class A Common Share. Following the split, the option symbol for BioVie will change from BIVI to BIVI1. The new CUSIP number for the post-split shares will be 09074F405. The pricing for the new BIVI1 option will be set at 0.10 times the price of the current BIVI option. The Options Clearing Corporation (OCC) has provided this information and will be responsible for the adjustments to options and futures as per their by-laws.