other material
confidence high
sentiment neutral
materiality 0.50
bioAffinity Technologies closes $1.8M registered direct offering of 720K shares at $2.50/share
bioAffinity Technologies, Inc.
- Issued 720,000 shares of common stock at $2.50/share; gross proceeds of ~$1.8M before fees.
- Net proceeds to fund working capital, support growing sales of CyPath® Lung, and general corporate purposes.
- Officers and directors subject to 60-day lock-up; company restricted from further equity issuance until Nov 14, 2025.
- WallachBeth Capital acted as sole placement agent; received 8.0% cash fee plus up to $75K expenses.
- Offering closed on October 9, 2025; shares sold under effective shelf registration statement on Form S-3.