Company: BIAF
Filing Date: 2025-05-23
Form Type: PRER14A
Source: 0001641172-25-012315
Chunk: 30

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-05-23
Form: PRER14A
Chunk 30
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 of discouraging unsolicited takeover attempts. By potentially discouraging initiation
of any such unsolicited takeover attempts, the increase may limit the opportunity for our stockholders to dispose of their shares at
the higher price generally available in takeover attempts or that may be available under a merger proposal.

Certain Risks Associated with a Reverse Stock Split

Reducing the number of outstanding shares
of the Common Stock through the Reverse Stock Split Proposal is intended, absent other factors, to increase the per share market price
of the Common Stock. Other factors, however, such as our financial results, market conditions, the market perception of our business
and other risks, including those set forth below and in our SEC filings and reports, may adversely affect the market price of the Common
Stock. As a result, there can be no assurance that the Reverse Stock Split, if completed, will result in the intended benefits described
above, that the market price of the Common Stock will increase following the Reverse Stock Split, or that the market price of
the Common Stock will not decrease in the future.

The Reverse Stock Split May Not Result in a Sustained Increase in the Price of the Common Stock.As noted above, the principal purpose of the Reverse Stock Split Proposal
is to maintain a higher average per share market closing price of the Common Stock of at least $1.00 per share in order to regain compliance
with Nasdaq’s Minimum Bid Price Requirement. However, the effect of the Reverse Stock Split upon the market price of the Common
Stock cannot be predicted with any certainty, and we cannot assure you that the Reverse Stock Split will accomplish this objective
for any meaningful period of time, or at all.

The Reverse Stock Split May Decrease the Liquidity of the Common Stock.The Board believes that the Reverse Stock Split may result in an increase in the market price of the Common Stock,
which could lead to increased interest in the Common Stock and possibly promote greater liquidity for our stockholders. However, the Reverse
Stock Split will also reduce the total number of outstanding shares of Common Stock, which may lead to reduced trading and a smaller number
of market makers for the Common Stock.

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The Reverse Stock Split May Result in Some Stockholders Owning “Odd Lots” That May Be More Difficult to Sell or Require Greater Transaction Costs per Share to Sell.If the Reverse Stock Split is implemented, it will increase the number of stockholders who own “odd lots” of
less than 100 shares of Common Stock. A purchase or sale of less than