Company: BGLC
Filing Date: 2025-02-10
Form Type: PRE 14A
Source: 0001477932-25-000832
Chunk: 16

Company: BioNexus Gene Lab Corp
Filing Date: 2025-02-10
Form: PRE 14A
Chunk 16
---
 Stock will proportionally increase the market price of our Common Stock, we cannot assure you that the Reverse Stock Split will increase the market price of our Common Stock by a multiple of the Reverse Stock Split ratio, or result in any permanent or sustained increase in the market price of our Common Stock. The market price of our Common Stock may be affected by other factors which may be unrelated to the number of shares outstanding, including the Company’s business and financial performance, general market conditions, and prospects for future success.

The Reverse Stock Split May Decrease the Liquidity of our Common Stock. The Board believes that theReverse Stock Split may result in an increase in the market price of our Common Stock, which could lead toincreased interest in our Common Stock and possibly promote greater liquidity for our stockholders. However,the Reverse Stock Split will also reduce the total number of outstanding shares of Common Stock, which maylead to reduced trading and a smaller number of market makers for our Common Stock, particularly if the priceper share of our Common Stock does not increase as a result of the Reverse Stock Split.

The Reverse Stock Split May Result in Some Stockholders Owning “Odd Lots” That May Be More Difficult to Sell or Require Greater Transaction Costs per Share to Sell.If the Reverse Stock Split is implemented, itwill increase the number of stockholders who own “odd lots” of less than 100 shares of Common Stock. Apurchase or sale of less than 100 shares of Common Stock (an “odd lot” transaction) may result in incrementallyhigher trading costs through certain brokers, particularly “full service” brokers. Therefore, those stockholderswho own fewer than 100 shares of Common Stock following the Reverse Stock Split may be required to payhigher transaction costs if they sell their Common Stock.

The Reverse Stock Split May Lead to a Decrease in our Overall Market Capitalization.The Reverse StockSplit may be viewed negatively by the market and, consequently, could lead to a decrease in our overall marketcapitalization. If the per share market price of our Common Stock does not increase in proportion to the ReverseStock Split ratio, or following such increase does not maintain or exceed such price, then the value of ourCompany, as measured by our market capitalization, will be reduced. Additionally, any reduction in our marketcapitalization may be magnified as a result of the smaller number of total shares of Common Stock outstandingfollowing the Reverse Stock Split.

Potential Consequences if the Reverse Stock Split Proposal is Not Approved

If the Reverse Stock Split Proposal is not approved by our stockholders