bioAffinity Technologies Announces $1.2 Million Private Placement and Warrant Inducement Transaction
Reuters
Aug 13
bioAffinity Technologies Announces $1.2 Million Private Placement and Warrant Inducement Transaction
bioAffinity Technologies Inc. (NASDAQ: BIAF, BIAFW), a biotechnology company specializing in noninvasive cancer detection tests, has announced a private placement and warrant inducement transaction expected to generate approximately $1.2 million in gross proceeds. The company has entered into securities purchase agreements with institutional and accredited investors for the sale of 990 shares of its Series B Convertible Preferred Stock and warrants to purchase around 6.7 million shares of common stock. WallachBeth Capital LLC is serving as the sole placement agent and financial advisor for the transaction. The proceeds will be utilized for working capital and general corporate purposes. The closing is anticipated to occur around August 14, 2025, pending customary closing conditions.
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