Company: BIAF
Filing Date: 2025-06-27
Form Type: POS AM
Source: 0001641172-25-016927
Chunk: 75

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-06-27
Form: POS AM
Chunk 75
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4 Offerings pursuant to a placement agency agreement, dated August 2, 2024, by and between us and WallachBeth (the “August 2024 PAA”). Pursuant to the August 2024 PAA, WallachBeth received a cash fee of 8.0% of the aggregate gross proceeds paid to us for the securities sold in the August 2024 Offerings and reimbursement of certain out-of-pocket expenses up to a maximum of $75,000. As additional compensation to WallachBeth, in connection with the August 2024 Offerings, we issued to designees of WallachBeth the August 2024 PA Warrants to purchase an aggregate of 10,800 shares of Common Stock, which was equal to 3.0% of the number of shares of Common Stock issued in the August 2024 RD, at an exercise price per share equal to $1.50.

Pursuant to the August 2024 Purchase Agreement, we agreed to file a resale registration statement on Form S-1 to register the resale of the August 2024 Common Warrant Shares as soon as practicable (and in any event within 45 calendar days following the date of the August 2024 Purchase Agreement), and to use commercially reasonable efforts to have such registration statement declared effective by the SEC and to keep such registration statement effective at all times until the August 2024 Investor no longer owns any August 2024 Common Warrants or August 2024 Common Warrant Shares. On September 11, 2024, we filed the September 2024 Registration Statement (Registration No. 333-282045), registering the resale of the August 2024 Common Warrant Shares, which was subsequently declared effective by the SEC on September 19, 2024. The September 2024 Registration Statement also registers the resale of the shares of Common Stock issuable upon exercise of the August 2024 PA Warrants.

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Pursuant to the terms of the August 2024 Purchase Agreement, we agreed not to enter into an agreement involving any Variable Rate Transaction (as defined in the August 2024 Purchase Agreement) until twelve (12) months following the closing of the August 2024 Offerings, provided however, that the prohibition on “at the market offerings” expired on the six-month anniversary of such date. In addition, pursuant to the terms of the August 2024 PAA if we, within 12 months after the closing of the August