Company: BIAF
Filing Date: 2025-06-02
Form Type: DEF 14A
Source: 0001641172-25-013280
Chunk: 30

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-06-02
Form: DEF 14A
Chunk 30
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 Board. It could potentially deter takeovers, including takeovers that the Board has determined are not in the
best interest of our stockholders, in that additional shares could be issued (within the limits imposed by applicable law) in one or
more transactions that could make a change in control or takeover more difficult. For example, we could issue additional shares so as
to dilute the stock ownership or voting rights of persons seeking to obtain control without our agreement. Similarly, the issuance of
additional shares to certain persons allied with our management could have the effect of making it more difficult to remove our current
management by diluting the stock ownership or voting rights of persons seeking to cause such removal. The increase in the number of shares
of authorized Common Stock therefore may have the effect of discouraging unsolicited takeover attempts. By potentially discouraging initiation
of any such unsolicited takeover attempts, the increase may limit the opportunity for our stockholders to dispose of their shares at
the higher price generally available in takeover attempts or that may be available under a merger proposal.

Certain Risks Associated with a Reverse Stock Split

Reducing the number of outstanding shares
of the Common Stock through the Reverse Stock Split Proposal is intended, absent other factors, to increase the per share market price
of the Common Stock. Other factors, however, such as our financial results, market conditions, the market perception of our business
and other risks, including those set forth below and in our SEC filings and reports, may adversely affect the market price of the Common
Stock. As a result, there can be no assurance that the Reverse Stock Split, if completed, will result in the intended benefits described
above, that the market price of the Common Stock will increase following the Reverse Stock Split, or that the market price of
the Common Stock will not decrease in the future.

The Reverse Stock Split May Not Result in a Sustained Increase in the Price of the Common Stock.As noted above, the principal purpose of the Reverse Stock Split Proposal
is to maintain a higher average per share market closing price of the Common Stock of at least $1.00 per share in order to regain compliance
with Nasdaq’s Minimum Bid Price Requirement. However, the effect of the Reverse Stock Split upon the market price of the Common
Stock cannot be predicted with any certainty, and we cannot assure you that the Reverse Stock Split will accomplish this objective
for any meaningful period of time, or at all.

The Reverse Stock Split May Decrease the Liquidity of the Common Stock.The