Company: BIAF
Filing Date: 2025-04-15
Form Type: PRE 14A
Source: 0001641172-25-004857
Chunk: 35

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-04-15
Form: PRE 14A
Chunk 35
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 applicable securities laws, to issue all authorized and unissued shares without further stockholder approval,
upon such terms and conditions as the Board deems appropriate. Although we consider financing opportunities from time to time, we do not
currently have any plans, proposals or understandings to issue the additional shares that would be available if the Reverse Stock Split
is approved and effected, but some of the additional shares underlie warrants which could be exercised after the Reverse Stock Split is
effected.

Effects of the Reverse Stock Split

Management does not anticipate that our financial
condition, the percentage ownership of Common Stock by management, the number of our stockholders or any aspect of our business will materially
change as a result of the Reverse Stock Split. Because the Reverse Stock Split will apply to all issued and outstanding shares of Common
Stock and outstanding rights to purchase Common Stock the proposed Reverse Stock Split will not alter the relative rights and preferences
of existing stockholders, except to the extent the Reverse Stock Split will result in fractional shares, as discussed in more detail below.

The Common Stock is currently registered under Section
12(b) of the Exchange Act, and we are subject to the periodic reporting and other requirements of the Exchange Act. The Reverse Stock
Split will not affect the registration of the Common Stock under the Exchange Act or the listing of the Common Stock on Nasdaq Capital
Market (other than to the extent it facilitates compliance with Nasdaq Capital Market continued listing standards). Following the Reverse
Stock Split, the Common Stock will continue to be listed on the Nasdaq Capital Market, although it will be considered a new listing with
a new Committee on Uniform Securities Identification Procedures, or CUSIP number.

The rights of the holders of the Common Stock will
not be affected by the Reverse Stock Split, other than as a result of the treatment of fractional shares as described below. For example,
a holder of 2% of the voting power of the outstanding shares of the Common Stock immediately prior to the effectiveness of the Reverse
Stock Split will generally continue to hold 2% of the voting power of the outstanding shares of the Common Stock immediately after effecting
the Reverse Stock Split. The number of stockholders of record will not be affected by the Reverse Stock Split (except to the extent any
are cashed out as a result of holding fractional shares). If approved and implemented, the Reverse Stock Split may result in some stockholders
owning “odd lots” of less than 100 shares of the Common Stock. Odd lot shares may be more difficult