Company: BLLN
Filing Date: 2025-10-07
Form Type: S-1
Source: 0001193125-25-233697
Chunk: 301

Company: BillionToOne, Inc.
Filing Date: 2025-10-07
Form: S-1
Chunk 301
---
 majority of voting power of our outstanding capital stock, stockholders will not be able to take action by written consent, and will only be able to take action at annual or special meetings of our
stockholders.

Classified board

Our Board of Directors will be
divided into three classes. The directors in each class will serve for a three-year term, one class being elected each year by our stockholders. For more information on the classified board, see the section titled “Management—Board
composition.” This system of electing and removing directors may tend to discourage a third party from making a tender offer or otherwise attempting to obtain control of us, because it generally makes it more difficult for stockholders to
replace a majority of the directors.

226

Removal of directors

Our Post-IPO Certificate of Incorporation will provide that, once our Class B common stock no longer represents a majority
of voting power of our outstanding capital stock, no member of our Board of Directors may be removed from office by our stockholders except for cause and, in addition to any other vote required by law, upon the affirmative vote of two-thirds of the voting power of our then-outstanding capital stock.

Stockholders not entitled to cumulative voting

Our Post-IPO Certificate of Incorporation will not permit stockholders to cumulate their votes in the election of
directors.

Choice of forum

Upon the completion of this offering,
our Post-IPO Certificate of Incorporation will provide that the Court of Chancery of the State of Delaware will be the exclusive forum for any derivative action or proceeding brought on our behalf; any action
asserting a breach of fiduciary duty; any action asserting a claim against us arising pursuant to the DGCL, our Post-IPO Certificate of Incorporation or our Post-IPO
Bylaws or any action asserting a claim against us that is governed by the internal affairs doctrine. Our Post-IPO Certificate of Incorporation will also provide that the U.S. federal district courts will be
the exclusive forum for resolving any complaint asserting a cause of action arising under the Securities Act.

Some companies that adopted a similar federal district
court forum selection provision were subject to a suit in the Chancery Court of Delaware by stockholders who asserted that the provision is not enforceable. While the Delaware Supreme Court held that such federal district court forum selection
provision was in fact valid, there can be no assurance that federal courts or other state courts will follow the holding of the Delaware Supreme Court or determine that the our federal district court