Company: BIAF
Filing Date: 2025-04-22
Form Type: 424B3
Source: 0001641172-25-005598
Chunk: 79

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-04-22
Form: 424B3
Chunk 79
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, including the
suspension of trading, ineligibility for future listing on one of the Nasdaq Stock Markets or national securities exchanges, and the inability
of registered broker-dealers to make a market in our Common Stock, which may reduce our stock price.

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<div align='center'>THE PRIVATE PLACEMENT</div>

On February 25, 2025, we entered into the Inducement
Agreement with the Holders of our existing warrants issued in a private placement offering that closed on October 21, 2024 (the “October
Warrants”) and a private placement offering that closed on August 5, 2024 (the “August Warrants” and, together with
the October Warrants, collectively, the “Existing Warrants”). Pursuant to the Inducement Agreement, the Holders agreed to
exercise for cash (i) October Warrants to purchase an aggregate of up to 1,136,391 shares of Common Stock (the “October Warrant
Shares”), at the reduced exercise price of $0.58 per share and August Warrants to purchase an aggregate of up to 1,302,082 shares
of Common Stock (the “August Warrant Shares” and, together with the October Warrant Shares, the “Existing Warrant Shares”),
at the reduced exercise price of $0.58 per share. The transactions contemplated by the Inducement Agreement (the Warrant Inducement) were
consummated on February 26, 2025 (the “Closing Date”). We received aggregate gross proceeds of approximately $1.4 million,
before deducting advisory fees and other expenses payable by us.

In consideration of the Holders’ immediate exercise
of the Existing Warrants in accordance with the Inducement Agreement, we issued to the Holders of the Existing Warrants, the Inducement
Warrants, at an exercise price of $0.85 per share, to purchase an aggregate of up to 2,926,166 shares of Common Stock, which number of
Inducement Warrant Shares is equal to 120% of the number of Existing Warrant Shares issued upon exercise of the Existing Warrants.

The August Warrant Shares have been registered pursuant
to a registration statement on Form S-1 (File No. 333-282045), which was declared effective by the SEC on September 19, 2024, and the
October Warrant Shares have been registered pursuant to a registration statement