Company: BIAF
Filing Date: 2025-04-15
Form Type: PRE 14A
Source: 0001641172-25-004857
Chunk: 37

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-04-15
Form: PRE 14A
Chunk 37
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 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.

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Fractional Shares.We do not intend to issue
fractional shares in connection with the Reverse Stock Split. And, 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
under the escheat laws of various jurisdictions, sums due for fractional interests that are not timely claimed after the Effective Time
may be required to be paid to the designated agent for each such jurisdiction. Stockholders otherwise entitled to receive such