Company: BLLN
Filing Date: 2025-09-17
Form Type: DRS/A
Source: 0001193125-25-206347
Chunk: 295

Company: BillionToOne, Inc.
Filing Date: 2025-09-17
Form: DRS/A
Chunk 295
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 dividend payments and payments upon liquidation. In addition, the issuance of preferred stock could have the effect of delaying, deferring, or preventing a change of control or other corporate action. Upon the completion of this
offering, no shares of preferred stock will be outstanding, and we have no present plan to issue any shares of preferred stock.

Stock options

As of June 30, 2025, options to purchase an aggregate of 8,933,419 shares of common stock were outstanding at a weighted-average exercise price of approximately
$10.59 per share. For additional information regarding the terms of our stock options outstanding under our 2018 Plan, see the section titled “Executive compensation—Equity plans.”

Warrants

As of June 30, 2025, we had outstanding warrants to purchase
(i) an aggregate of up to 80,357 shares of our common stock with an exercise price of $2.80 per share (the 2021 Common Warrant), (ii) an aggregate of up to 41,209 shares of our common stock with an exercise price of $10.92 per share (the 2022
Common Warrant and together with the 2021 Common Warrant, the Common Warrants) and (iii) an aggregate of up to 9,660 shares of our Series A-6 redeemable convertible preferred stock with an exercise price
of $2.5879 per share (the A-6 Warrant). In connection with this offering, the 2021 Common Warrant, the 2022 Common Warrant and the A-6 Warrant will become exercisable
for an aggregate of shares, shares and shares, respectively, of our Class A common stock at an exercise price of $ per share for the
2021 Common Warrant, $ per share for the 2022 Common Warrant, and $ per share for the A-6 Warrant.

Registration rights

After the completion of this offering, holders
of shares of our Class A common stock (including, following the Class B Stock Exchange, shares of our Class A common stock issuable upon the conversion of shares of Class B common stock) will be
entitled to certain rights with respect to registration of such shares under the Securities Act pursuant to the terms of the IRA between us and the holders of these shares, which was entered into in connection with our redeemable convertible
preferred stock financings. These shares are referred to as registrable securities.

The IRA includes demand, piggy