Company: BLLN
Filing Date: 2025-12-10
Form Type: 10-Q
Source: 0001628280-25-056321
Chunk: 336

Company: BillionToOne, Inc.
Filing Date: 2025-12-10
Form: 10-Q
Item: Part II, Item 2
Chunk 336
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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 above securities were exempt from registration under the Securities Act pursuant to Section 3(a)(9) of the Securities Act because our securities were exchanged by us with our existing security holders exclusively where no commission or other remuneration was paid or given directly or indirectly for soliciting such exchange.

None of the foregoing transactions involved any underwriters, underwriting discounts or commissions, or any public offering. We believe the offers, sales and issuances of the above securities were exempt from registration under the Securities Act (or Regulation D or Regulation S promulgated thereunder) by virtue of Section 4(a)(2) of the Securities Act because the issuance of securities to the recipients did not involve a public offering, or in reliance on Rule 701 because the transactions were pursuant to compensatory benefit plans or contracts relating to compensation as provided under such rule. The recipients of the securities in each of these transactions represented their intentions to acquire the securities for investment only and not with