Company: BLLN
Filing Date: 2025-06-20
Form Type: DRS
Source: 0000950123-25-006095
Chunk: 302

Company: BillionToOne, Inc.
Filing Date: 2025-06-20
Form: DRS
Chunk 302
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 - |   |     |           | 50,000 |
| Adjustment to fair value     |     |              |   880 |     |                 |  84 |     |             |     835 |   |     |           |  1,481 |
| Gain on extinguishment       |     |              |       |     |                 |     |     |             |  (8,635 | ) |     |           |      - |
| Settlements                  |     |              |     - |     |                 |   - |     |             | (39,886 | ) |     |           |      - |
| Balance at December 31, 2024 |     | $            | 2,533 |     | $               | 230 |     | $           |       - |   |     | $         | 51,481 |

For the years ended December 31, 2023 and 2024, the Company recognized losses related to the change in the fair value of the common stock warrant liability and redeemable convertible preferred stock warrant liability in other expense, net in the statements of operations and comprehensive loss. The Company will continue to recognize changes in the fair value of the common stock warrant liability and redeemable convertible preferred stock warrant liability until the warrants are exercised, expire, or qualify for equity classification. F-19

B ILLIONT OO NE, INC. Notes to Financial Statements For the years ended December 31, 2023 and 2024, the Company recognized losses related to the change in the fair value of convertible notes in change in fair value of convertible notes in the statements of operations and comprehensive loss. During the year ended December 31, 2024, the convertible notes were settled in Series C-1Redeemable Convertible Preferred Stock which was accounted for as a debt extinguishment as the settlement was not pursuant to the original conversion terms. The Company recorded a gain on extinguishment in net gain on extinguishment of debt in the statements of operations and comprehensive loss upon the conversion date (See Note 9). For the year ended December 31, 2024, the Company recognized a loss related to the change in fair value of the term loan in change in fair value of term loan in the statements of operations and comprehensive loss. The common stock warrant liability and redeemable convertible preferred stock warrant liabilities are recorded within other non-currentliabilities on the balance sheets as of ended December 31, 2023 and 2024. The