Company: BIAF
Filing Date: 2025-04-11
Form Type: S-1
Source: 0001641172-25-003892
Chunk: 46

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-04-11
Form: S-1
Chunk 46
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legal claims or proceedings, liability under laws that protect the privacy of personal information, such as HIPAA, and regulatory penalties.
Unauthorized access, loss, or dissemination could also disrupt PPLS’ operations, including its ability to perform tests, provide
test results, bill payors or patients, process claims and appeals, provide customer assistance services, conduct research and development
activities, develop and commercialize tests, collect, process and prepare company financial information, provide information about tests,
educate patients and clinicians about services, and manage the administrative aspects of its business, any of which could damage its reputation
and adversely affect our business. Any such breach could also result in the compromise of PPLS’ trade secrets and other proprietary
information, which could adversely affect our competitive position.

In addition, the interpretation and application of
health-related, privacy, and data protection laws in the U.S., Europe, and elsewhere are often uncertain, contradictory, and in flux.
It is possible that these laws may be interpreted and applied in a manner that is inconsistent with PPLS’ practices. If so, this
could result in government-imposed fines or orders requiring that it change its practices, which could adversely affect our business and
its reputation. Complying with these various laws could cause us to incur substantial costs or require PPLS to change its business practices
and compliance procedures in a manner adverse to our business.

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If PPLS uses hazardous chemicals in a manner that causes injury, PPLS could be liable for damages.

PPLS’ activities currently require the controlled
use of potentially harmful chemicals. PPLS cannot eliminate the risk of accidental contamination or injury to employees or third parties
from the use, storage, handling, or disposal of these materials. In the event of contamination or injury, PPLS could be held liable for
any resulting damages, and any liability could exceed its resources or any applicable insurance coverage it may have. Additionally, PPLS
is subject to, on an ongoing basis, federal, state, and local laws and regulations governing the use, storage, handling, and disposal
of these materials and specified waste products. The cost of compliance with these laws and regulations may become significant and could
have a material adverse effect on its, and therefore our, financial condition, results of operations, and cash flows. In the event of
an accident or if PPLS otherwise fails to comply with applicable regulations, it could lose its permits or approvals or be held liable