Company: BIAF
Filing Date: 2025-09-15
Form Type: S-1/A
Source: 0001493152-25-013294
Chunk: 28

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-09-15
Form: S-1/A
Chunk 28
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 that often result from actual or rumored hostile takeover attempts. These provisions are also designed in part to encourage anyone seeking to acquire control of us to first negotiate with our Board. These provisions might also have the effect of preventing changes in our Board or management. It is possible that these provisions could make it more difficult to accomplish transactions that stockholders might otherwise deem to be in their best interests. However, we believe that the advantages gained by protecting our ability to negotiate with any unsolicited and potentially unfriendly acquirer outweigh the disadvantages of discouraging such proposals, including those priced above the then-current market value of our Common Stock, because, among other reasons, the negotiation of such proposals could improve their terms.

| 17 |

Delaware Anti-Takeover Statute

We are subject to the provisions of Section 203 of the DGCL. In general, Section 203 prohibits a publicly held Delaware corporation from engaging in a “business combination” with an “interested stockholder” for a three-year period following the time that this stockholder becomes an interested stockholder, unless the business combination is approved in a prescribed manner. Under Section 203, a business combination between a corporation and an interested stockholder is prohibited unless it satisfies one of the following conditions:

| ● | before                                                                                                                                
 the stockholder became interested, the corporation’s Board of Directors approved either the business combination or the transaction   
 that resulted in the stockholder becoming an interested stockholder;                                                                  |
| ● | upon                                                                                                                                  
 consummation of the transaction that resulted in the stockholder becoming an interested stockholder, the interested stockholder owned 
 at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced, excluding for purposes of      
 determining the voting stock outstanding, shares owned by persons who are directors and also officers, and employee stock plans,      
 in some instances, but not the outstanding voting stock owned by the interested stockholder; or                                       |
| ● | at                                                                                                                                    
 or after the time the stockholder became interested, the business combination was approved by the corporation’s Board of Directors    
 and authorized at an annual or special meeting of the stockholders by the affirmative vote of at least two-thirds of the outstanding  
 voting stock that is not owned by the interested stockholder.                                                                         |

In general, Section 203 defines a “business combination” to include mergers, asset sales and other transactions resulting in financial benefit to a stockholder, and an “interested stockholder” as a person who, together with affiliates and associates, owns, or within three