other material
confidence high
sentiment neutral
materiality 0.75
bioAffinity Technologies closes $4M registered direct offering and concurrent private placement
bioAffinity Technologies, Inc.
- Entered Oct 8, 2026 securities purchase agreement for 116,545 shares at $6.122 and pre-funded warrants for 536,836 shares at $6.115.
- Concurrent private placement issued warrants for up to 980,072 shares at $6.122, exercisable after stockholder approval and expiring five years later.
- Gross proceeds approximately $4 million; closing occurred Oct 9, 2026; net proceeds for working capital and CyPath Lung sales support.
- WallachBeth Capital LLC is sole placement agent; cash fee 7.5% of gross proceeds, $70,000 expenses, and warrants for 19,602 shares at $6.122.
- Company suspended ATM prospectus supplement dated May 27, 2025 under sales agreement with Placement Agent; sales agreement remains in effect.