Company: BIAF
Filing Date: 2025-04-11
Form Type: S-1
Source: 0001641172-25-003892
Chunk: 83

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-04-11
Form: S-1
Chunk 83
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 to WallachBeth in connection with the Warrant Inducement,
we issued to the designees of WallachBeth, the Advisor Warrants to purchase an aggregate of 87,785 shares of Common Stock, which number
of Advisor Warrant Shares is equal to approximately 3.0% of the number of Inducement Warrant Shares issued in the offering, at an exercise
price per share equal to $0.85, which is equal to the exercise price of the Inducement Warrants. The Advisor Warrants have substantially
the same terms as the Inducement Warrants, except that they are immediately exercisable and expire on the five-year anniversary of the
date of issuance. In addition, pursuant to the terms of the Letter of Engagement: (a) WallachBeth has the right of first refusal for a
period of six (6) months after the Closing Date to participate in each and every future public and private equity and debt offerings of
ours, or any successor to or any subsidiary of ours in any U.S. stock exchange during such six (6) month period, and (b) if we, within
twelve (12) months after the Closing Date, effect a sale of any securities or warrant inducement with an investor that WallachBeth introduced
to us by direct meeting or presentation, we agreed to pay to WallachBeth the same cash discount and will issue to WallachBeth warrants
exercisable for such number of shares equal to 3.0% of the securities issued in such offering upon the completion of such transaction.

We agreed in the Inducement Agreement to file a registration
statement to register the resale of the Inducement Warrant Shares (the “Resale Registration Statement”) as soon as practicable
(and in any event within 45 calendar days following the date of the Inducement Agreement), and to use commercially reasonable efforts
to have the Resale Registration Statement declared effective by the SEC and to keep such registration statement effective at all times
until the Holders no longer own any Inducement Warrants or Inducement Warrant Shares. We are filing this Resale Registration Statement
to fulfil our obligation to register the Inducement Warrant Shares and to also register the Advisor Warrant Shares.

Terms of the Inducement Warrants

The Inducement Warrants have an exercise price of
$0.85 per share, subject to adjustment as provided in the Inducement Warrants, will be exercisable at any