Company: BLLN
Filing Date: 2025-06-20
Form Type: DRS
Source: 0000950123-25-006095
Chunk: 115

Company: BillionToOne, Inc.
Filing Date: 2025-06-20
Form: DRS
Chunk 115
---
, certificates of deposit, or government securities.

79

Dividend policy

We have never declared or paid any dividends on our capital stock, and we do not currently intend to pay any cash dividends on our Class A common stock and
Class B common stock in the foreseeable future. We currently intend to retain all available funds and any future earnings to support operations and to finance the growth and development of our business. Any future determination to pay dividends
will be made at the discretion of our Board of Directors, subject to applicable laws, and will depend upon, among other factors, our results of operations, financial condition, contractual restrictions, and capital requirements. In addition, the
terms of the Note Purchase Agreement place restrictions on our ability to pay cash dividends on our capital stock. Furthermore, we may, from time to time, enter into other loan or credit agreements or similar borrowing arrangements that may further
restrict our ability to declare or pay dividends on our Class A common stock and Class B common stock.

80

Capitalization The following table sets forth our cash and cash equivalents and our capitalization as of June 30, 2025:

| • |     | on an actual basis; |

| • |     | on an as adjusted basis to give effect to (i) the Preferred Stock Conversion, (ii) the Reclassification,                                                                                  
 (iii) the Class B Stock Exchange, (iv) the conversion of the A-6 Warrant to a warrant to purchase common stock and the related reclassification of the warrant liability to stockholders’ 
 equity and (v) the filing and effectiveness of our Post-IPO Certificate of Incorporation, all of which will occur immediately prior to the completion of this offering; and               |

| • |     | on a pro forma as adjusted basis to reflect (i) the pro forma adjustments set forth above and (ii) the issuance                                                                                   
 and sale of    shares of Class A common stock in this offering at an assumed initial public offering price of $    per share, the midpoint of the estimated offering price range set forth on the 
 cover page of this prospectus, after deducting underwriting discounts and commissions and estimated offering expenses payable by us.                                                              |

The pro forma and pro forma as adjusted information below is illustrative only, and our capitalization following the completion of this offering will be adjusted based on the actual initial public offering price and other terms of this offering determined at pricing. You should read the information in this