Company: BIAF
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001840
Chunk: 796

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 796
---
 Warrant Shares”), with an exercise price of $1.50 (collectively, the “Offering”).
In addition, designees of the placement agent for the Offering were granted warrants to purchase an aggregate of up to 49,862 shares
of Common Stock, with an exercise price of $1.50.

On
October 21, 2024, the Company issued (1) in a registered direct offering, 2,048,294 shares (the “Shares”) of the Company’s Common Stock, par value $0.007 per share, and (2) in a concurrent private placement, common warrants
(the “Common Warrants”) to purchase an aggregate of 2,662,782 shares of Common Stock (the “Common Warrant
Shares”), with an exercise price of $1.50, pursuant to a securities purchase agreement, dated October 18, 2024 with institutional investors (the “Purchasers”). Such registered direct offering and concurrent private
placement are collectively referred to as the “Offerings.” In addition, designees of the placement agent for the Offering
were granted warrants to purchase an aggregate of up to 61,448 shares of Common Stock, with an exercise price of $1.50.

As
of December 31, 2024, and prior to the Offering, there were tradeable warrants to purchase up to an aggregate of 1,601,255 shares of
Common Stock outstanding and non-tradeable warrants to purchase an aggregate of up to 2,704,458 shares of Common Stock outstanding.

SCHEDULE OF CLASS OF WARRANT

    Number
    of  warrants issued  
    Weighted-average
     exercise price  
    Number
    of  warrants exercised  
    Number
    of  warrants outstanding 
  
    Pre-IPO convertible notes 
     2,900,904  
    $      5.31  
     —  
     2,900,904 
  
    IPO tradeable 
     2,326,835  
     3.06  
     (725,580) 
     1,601,255 
  
    IPO non-tradeable 
     3,015,464  
     3.06  
     (311,006) 
     2,704,458 
  
    Direct offering March 8, 2024 
     1,600,000  
     1.64