Company: BIAF
Filing Date: 2025-05-05
Form Type: S-1/A
Source: 0001641172-25-008629
Chunk: 175

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-05-05
Form: S-1/A
Chunk 175
---
 their May 2025 Warrants.

Warrant Agent; Global Certificates.

The May 2025 Warrants
will be issued in registered form under a Warrant Agent Agreement between the Warrant Agent and us. The May 2025 Warrants will
be unregistered securities and will be evidenced by a global certificate, which shall be deposited on behalf of the Company with the
Warrant Agent. Our transfer agent, VStock Transfer, LLC, will serve as the Warrant Agent.

Fundamental Transaction

In the event of a fundamental transaction, as described in the May 2025 Warrants and generally including any reorganization, recapitalization or reclassification of our Common Stock, the sale, transfer or other disposition of all or substantially all of our properties or assets, our consolidation or merger with or into another person, the acquisition of greater than 50% of our outstanding Common Stock, or any person or group becoming the beneficial owner of greater than 50% of the voting power represented by our outstanding Common Stock, the holders of the May 2025 Warrants will be entitled to receive upon exercise of the May 2025 Warrants the kind and amount of securities, cash or other property that the holders would have received had they exercised the May 2025 Warrants immediately prior to such fundamental transaction. In addition, in the event of a fundamental transaction which is approved by our board of directors, the holders of the May 2025 Warrants have the right to require us or a successor entity to redeem the May 2025 Warrant for cash in the amount of the Black-Scholes Value (as defined in the warrant) of the unexercised portion of the warrant on the date of the consummation of the fundamental transaction. In the event of a fundamental transaction which is not in our control, including a fundamental transactionnot approved by our board of directors, the holders of the May 2025 Warrants have the right to require us or a successor entity to redeem the warrant for the consideration paid in the fundamental transaction in the amount of the Black-Scholes Value of the unexercised portion of the warrant on the date of the consummation of the fundamental transaction.

Amendments

The May 2025 Warrants may be modified or amended with the written consent of the holder of such warrant and us.

Pre-Funded Warrants

The following summary of certain terms and provisions of the Pre-Funded Warrants that are being issued hereby is not complete and is subject to, and