bioAffinity Technologies Announces $1.2 Million Private Placement and Warrant Inducement Transaction

Reuters
2025/08/13
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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. bioAffinity Technologies Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250813219782) on August 13, 2025, and is solely responsible for the information contained therein.

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