Company: BIAF
Filing Date: 2025-06-02
Form Type: DEF 14A
Source: 0001641172-25-013280
Chunk: 35

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-06-02
Form: DEF 14A
Chunk 35
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 in its sole discretion, determines that it is no longer in our best interests or the best interests of our stockholders
to proceed with the Reverse Stock Split. If our Board does not implement the Reverse Stock Split prior to the one-year anniversary of
the date on which the Reverse Stock Split is approved by our stockholders at the Annual Meeting, the authority granted in this proposal
to implement the Reverse Stock Split will terminate and the Reverse Stock Split will be abandoned.

Effect on Par Value; Reduction in Stated Capital.The proposed Reverse Stock Split will not affect the par value of our stock, which will remain at $0.007 per share of Common Stock
and $0.001 per share of Preferred Stock. As a result, the stated capital on our balance sheet attributable to our Common Stock, which
consists of the par value per share of Common Stock multiplied by the aggregate number of shares of Common Stock issued and outstanding,
will be reduced in proportion to the Reverse Stock Split Ratio selected by the Board. Correspondingly, our additional paid-in capital
account, which consists of the difference between our stated capital and the aggregate amount paid to the Company upon issuance of all
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
des