Company: BLLN
Filing Date: 2025-10-07
Form Type: S-1
Source: 0001193125-25-233697
Chunk: 298

Company: BillionToOne, Inc.
Filing Date: 2025-10-07
Form: S-1
Chunk 298
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,660 shares, respectively, of our Class A common stock at an exercise price of $2.80 per share for the 2021 Common Warrant, $10.92 per share for the 2022 Common Warrant, and
$2,5879 per share for the A-6 Warrant.

Registration rights

After the completion of this offering, holders of 37,706,613 shares of our Class A common stock (including, following the Class B Stock Exchange, shares of our
Class A common stock issuable upon the conversion of shares of Class B common stock) will be entitled to certain rights with respect to registration of such shares under the Securities Act pursuant to the terms of the IRA between us and
the holders of these shares, which was entered into in connection with our redeemable convertible preferred stock financings. These shares are referred to as registrable securities.

The IRA includes demand, piggyback and Form S-3 registration rights as described more fully below.

Demand registration rights

At any time beginning six months after
this offering, the holders of registrable securities have the right to make up to two demands that we file a registration statement under the Securities Act with having an aggregate offering price, net of selling expenses, of at least
$20 million, subject to specified exceptions.

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Piggyback registration rights

If we register any of its securities for public sale solely for cash (other than a registration pursuant to the demand registration rights described above, a
registration for a direct listing, a registration relating solely to our equity incentive plans, a registration relating to a reorganization transaction under Rule 145, a registration on any form that does not include substantially the same
information as would be required to be included in a registration statement covering the registrable securities, or a registration statement where the only common stock being registered is common stock issuable upon conversion of debt securities
that are also being registered), the holders of our registrable securities then outstanding will each be entitled to notice of the registration and will have the right to include their shares in the registration statement.

These piggyback registration rights are subject to specified conditions and limitations, including the right of the underwriters of any underwritten offering to limit
the aggregate value of registrable securities to be included in the registration statement, but not below 25% of the total value of securities included in such registration.

We expect that the requisite stockholders who are party to our IRA will waive their rights with respect to the notice of this offering and to