Company: BIAF
Filing Date: 2025-06-02
Form Type: DEF 14A
Source: 0001641172-25-013280
Chunk: 28

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-06-02
Form: DEF 14A
Chunk 28
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 of Directors). By
voting in favor of the Reverse Stock Split, you are also expressly authorizing the Board to determine not to proceed with, and to defer
or to abandon, the Reverse Stock Split, in the Board of Director’s sole discretion. In determining whether to implement the Reverse
Stock Split following receipt of stockholder approval of the Reverse Stock Split, and which Reverse Stock Split Ratio to implement, if
any, the Board may consider, among other things, various factors, such as:

| ● | our ability to maintain our listing on the Nasdaq Capital Market;                                                                                                                                  |
| ● | the historical trading price and trading volume of the Common Stock;                                                                                                                               |
| ● | the then-prevailing trading price and trading volume of the Common Stock and the expected impact of the Reverse Stock Split on the trading market for the Common Stock in the short and long term; |
| ● | which Reverse Stock Split Ratio would result in the greatest overall reduction in our administrative costs; and                                                                                    |
| ● | prevailing general market and economic conditions.                                                                                                                                                 |

Reasons for the Reverse Stock Split

To increase the per share price of our Common Stock.As discussed above, the primary objective for effecting the Reverse Stock Split, should our Board choose to effect
one, would be to increase the per share price of our Common Stock and regain compliance with the Nasdaq Minimum Bid Price Requirement.
Our Board believes that, should the appropriate circumstances arise, effecting the Reverse Stock Split, could, among other things, help
us to appeal to a broader range of investors, generate greater investor interest in the Company, and improve the perception of our Common
Stock as an investment security. Our Common Stock is listed on the Nasdaq Capital Market, and the failure to comply with the $1.00
minimum bid price requirement may be cured by effecting the Reverse Stock Split.

| 17 |

To potentially improve the liquidity of the Common Stock.A Reverse Stock Split could allow a broader range of institutions to invest in the Common Stock (namely, funds that are prohibited
from buying stocks whose price is below certain thresholds), potentially increasing trading volume and liquidity of the Common Stock and
potentially decreasing the volatility of the Common Stock if institutions become long-term holders of the Common Stock. A Reverse Stock
Split could help increase analyst and broker interest in the Common Stock as their policies can discourage them from following or recommending
companies with low stock prices. Because of the trading volatility often associated with low-priced stocks, many brokerage houses and
institutional