Company: BLLN
Filing Date: 2025-09-17
Form Type: DRS/A
Source: 0001193125-25-206347
Chunk: 156

Company: BillionToOne, Inc.
Filing Date: 2025-09-17
Form: DRS/A
Chunk 156
---
, 2025 related to interest charges on finance leases as we elected the fair value option to account for the Oberland debt which results in the financing costs of the loan to be included as part of the change in fair value of term loan. Net gain on extinguishment of debt

|                                    |     | Six months ended       
 June 30,               
 2024                   
 (dollars in thousands) |       |     | 2025 |   |     | $ Change |        |   |     | % Change |        |
|:-----------------------------------|:----|:-----------------------|------:|:----|:-----|:--|:----|:---------|:-------|:--|:----|:---------|:-------|
| Net gain on extinguishment of debt |     | $                      | 8,635 |     | $    | — |     | $        | (8,635 | ) |     |          | (100)% |

Net gain on extinguishment of debt was $8.6 million for the six months ended June 30, 2024. This was due to an $8.6 million gain on extinguishment of the 2022 Convertible Notes due to a modification of the class of preferred stock into which the 2022 Convertible Notes ultimately converted. We did not record an extinguishment of debt during the six months ended June 30, 2025. Change in fair value of term loan

|                                   |     | Six months ended       
 June 30,               
 2024                   
 (dollars in thousands) |   |     | 2025 |        |   |     | $ Change |        |   |     | % Change |    |
|:----------------------------------|:----|:-----------------------|:--|:----|:-----|:-------|:--|:----|:---------|:-------|:--|:----|:---------|:---|
| Change in fair value of term loan |     | $                      | — |     | $    | (3,102 | ) |     | $        | (3,102 | ) |     |          | —% |

Change in fair value of term loan decreased $3.1 million for the six months ended June 30, 2025 compared to the six months ended June 30, 2024. The decrease was due to interest expense of $2.0 million and a change in fair value of the Oberland debt of $