Company: BIAF
Filing Date: 2025-04-15
Form Type: PRE 14A
Source: 0001641172-25-004857
Chunk: 32

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-04-15
Form: PRE 14A
Chunk 32
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uting 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 Board believes that the Reverse Stock Split may result in an increase in the market price of the Common Stock,
which could lead to increased interest in the Common Stock and possibly promote greater liquidity for our stockholders. However, the Reverse
Stock Split will also reduce the total number of outstanding shares of Common Stock, which may lead to reduced trading and a smaller number
of market makers for the Common Stock.

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The Reverse Stock Split May Result in Some Stockholders Owning “Odd Lots” That May Be More Difficult to Sell or Require Greater Transaction Costs per Share to Sell.If the Reverse
Stock Split is implemented, it will