Company: BLLN
Filing Date: 2025-12-10
Form Type: 10-Q
Source: 0001628280-25-056321
Chunk: 178

Company: BillionToOne, Inc.
Filing Date: 2025-12-10
Form: 10-Q
Item: Part I, Item 4
Chunk 178
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 error or mistake. For example, our directors or executive officers could inadvertently fail to disclose a new relationship or arrangement causing us to fail to make a required related party transaction disclosure. Additionally, controls can be circumvented by the individual acts of some persons, by collusion of two or more people or by an unauthorized override of the 

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controls. Accordingly, because of the inherent limitations in our control system, misstatements due to error or fraud may occur and not be detected.

We may be subject to securities litigation, which is expensive and could divert management attention.

The market price of our Class A common stock may be volatile and, in the past, companies that have experienced volatility in the market price of their stock have been subject to securities class action litigation. We may be the target of this type of litigation in the future. Securities litigation against us could result in substantial costs and divert our management’s attention from other business concerns, which could seriously harm our business.

Item 2. Unregistered Sales Of Equity Securities And Use Of Proceeds

Recent Sales of Unregistered Equity Securities

From July 1, 2025 to (but not including) November 6, 2025 (the date of the filing of our Registration Statement on Form S-8), we issued and sold to our directors, officers, employees, consultants and other service providers an aggregate of 270,747 shares of our Class A common stock upon the exercise of stock options under our 2018 Stock Plan, at exercise prices ranging from $0.45 to $30.78 per share, for an aggregate purchase price of $1,501,102.62.

From July 1, 2025 to (but not including) November 6, 2025, we granted to our directors, officers, employees, consultants and other service providers options to purchase 1,224,549 shares of our Class A common stock under our 2018 Stock Plan at exercise prices ranging from $23.15 to $30.78 per share. 

On November 7, 2025, we exchanged a total of 4,552,650 shares of Class A common stock held by Oguzhan Atay, our Chief Executive Officer and Co-Founder, and David Tsao, our Chief Technology Officer and Co-Founder, and certain related entities for an equivalent number of shares of Class B common stock pursuant to the terms of certain exchange agreements. No additional consideration was paid in connection with the exchange. We believe the offers, sales, and issuances of the