Company: BGLC
Filing Date: 2025-02-10
Form Type: PRE 14A
Source: 0001477932-25-000832
Chunk: 23

Company: BioNexus Gene Lab Corp
Filing Date: 2025-02-10
Form: PRE 14A
Chunk 23
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 after the Reverse Stock Split, nor to any other rights as a shareholder. Such holder will no longer hold the fractional shares and will only have the right to receive cash for these shares. In addition, interest will not be paid with respect to the period of time between the Effective Date and the date you receive your payment for the cashed-out shares.

The treatment of fractional shares will depend on how shares are held:

| · | If shares are held in registered form (directly with the Company), the transfer agent will issue cash payments for fractional shares. Stockholders will receive payments by check or electronic transfer within ten (10) business days following the Reverse Stock Split effective date. |
| · | If shares are held in street name (through a brokerage account), the Depository Trust Company (DTC) and the stockholder’s brokerage firm will process the cash payment for fractional shares. These stockholders should contact their brokers directly for payment details.              |
| · | Any fractional shares repurchased under this process will be cancelled and not reissued.                                                                                                                                                                                                 |

In connection with the Reverse Stock Split, the CUSIP number for the common stock will change from its current CUSIP number. This new CUSIP number will appear on any new stock certificates issued representing post-split shares. STOCKHOLDERS SHOULD NOT DESTROY ANY STOCK CERTIFICATE(S) AND SHOULD NOT SUBMIT ANY STOCK CERTIFICATE(S) UNLESS AND UNTIL REQUESTED TO DO SO FOLLOWING THE ANNOUNCEMENT OF THE COMPLETION OF THE REVERSE STOCK SPLIT.

Effect on Registered “Book-Entry” Holders of Common Stock

Holders of Common Stock may hold some or all of their Common Stock electronically in book-entry form (“street name”) under the direct registration system for securities. These stockholders will not have stock certificates evidencing their ownership. They are, however, provided with a statement reflecting the number of shares of Common Stock registered in their accounts. If you hold registered Common Stock in book-entry form, you do not need to take any action to receive your post-split shares, if applicable.

Appraisal Rights

Under the Wyoming Business Corporation Act, only cashed out stockholders are entitled to appraisal or dissenter’s rights with respect to the “fair value” of the fractional shares resulting from the Reverse Stock Split. No other stockholders are entitled to such rights and we will not independently provide our stockholders with any such rights. We believe the 10-day VWAP price described herein represents “fair value” under Wyoming law.