Company: BIAF
Filing Date: 2025-05-23
Form Type: PRER14A
Source: 0001641172-25-012315
Chunk: 35

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-05-23
Form: PRER14A
Chunk 35
---

currently outstanding shares of the Common Stock, will be increased by the amount by which the stated capital is reduced. Our stockholders’
equity, in the aggregate, will remain unchanged.

Book-Entry Shares.If the Reverse
Stock Split is effected, stockholders, either as direct or beneficial owners, will have their holdings electronically adjusted by our
transfer agent (and, for beneficial owners, by their brokers or banks that hold in “street name” for their benefit, as the
case may be) to give effect to the Reverse Stock Split. Banks, brokers, custodians, or other nominees will be instructed to effect
the Reverse Stock Split for their beneficial holders holding Common Stock in street name. However, these banks, brokers, custodians,
or other nominees may have different procedures than registered stockholders for processing the Reverse Stock Split and making payment
for fractional shares. If a stockholder holds shares of Common Stock with a bank, broker, custodian, or other nominee and has
any questions in this regard, stockholders are encouraged to contact their bank, broker, custodian, or other nominee. We do not
issue physical certificates to stockholders.

No Appraisal Rights.Under the Delaware General
Corporation Law, our stockholders are not entitled to dissenters’ rights or appraisal rights with respect to the Reverse Stock Split
described in the Reverse Stock Split Proposal, and we will not independently provide our stockholders with any such rights.

| 20 |

Fractional Shares.We do not intend
to issue fractional shares in connection with the Reverse Stock Split. In lieu thereof, any person who would otherwise be entitled
to a fractional share of Common Stock as a result of the reclassification and combination following the Effective Time (after taking
into account all fractional shares of Common Stock otherwise issuable to such holder) shall be entitled to receive a cash payment equal
to the number of shares of the Common Stock held by such stockholder before the Reverse Stock Split that would otherwise have been exchanged
for such fractional share interest multiplied by the average closing sales price of the Common Stock as reported on the Nasdaq Capital
Market for the ten days preceding the Effective Time. After the Reverse Stock Split is effected, a stockholder will have no further interest
in our Company with respect to its fractional share interest and persons otherwise entitled to a fractional share will not have any voting,
dividend, or other rights with respect thereto, except to receive the above-described cash payment. Stockholders should be aware
that