Company: BIAF
Filing Date: 2025-06-02
Form Type: DEF 14A
Source: 0001641172-25-013280
Chunk: 27

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-06-02
Form: DEF 14A
Chunk 27
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 analyst coverage, attract investor interest, and access capital may become significantly
diminished as a result.

If the stockholders approve the Reverse
Stock Split Proposal and the Board decides to implement the Reverse Stock Split, we will file a certificate of amendment to amend
the existing provision of our Certificate of Incorporation to effect the Reverse Stock Split. The text of the form of proposed amendment
is set forth in the certificate of amendment to the Certificate of Incorporation, which is attached to this Proxy Statement as
Appendix A.

The Reverse Stock Split will be effected
simultaneously for all issued and outstanding shares of Common Stock, and the Reverse Stock Split Ratio will be the same for all
issued and outstanding shares of Common Stock. The Reverse Stock Split will affect all of our stockholders uniformly and will not affect
any stockholder’s percentage ownership interests in our company, except those stockholders who would have otherwise received fractional
shares who will receive cash in lieu of such fractional shares determined in the manner set forth below under the heading “Fractional
Shares.” After the Reverse Stock Split, each share of the Common Stock will have the same voting rights and rights to dividends
and distributions and will be identical in all other respects to the Common Stock now authorized. The Reverse Stock Split will not affect
us continuing to be subject to the periodic reporting requirements of the Exchange Act. The Reverse Stock Split is not intended to be,
and will not have the effect of, a “going private transaction” covered by Rule 13e-3 under the Exchange Act.

The Reverse Stock Split may result in
some stockholders owning “odd lots” of less than 100 shares of the Common Stock. Brokerage commissions and other costs of
transactions in odd lots are generally higher than the costs of transactions in “round-lots” of even multiples of
100 shares. In addition, we will not issue fractional shares in connection with the Reverse Stock Split, and stockholders who would have
otherwise been entitled to receive such fractional shares will receive an amount in cash determined in the manner set forth below under
the heading “Fractional Shares.”

Following the effectiveness of the Reverse Stock Split,
if approved by the stockholders and implemented by the Company, current stockholders will hold fewer shares of Common Stock.

If the Board decides to implement the
Reverse Stock Split, the Company would communicate to the public, prior to the effectiveness of the Reverse Stock Split, additional
details regarding the Reverse Stock Split (including the final Reverse Stock Split Ratio, as determined by the Board