As
filed with the Securities and Exchange Commission on April 5, 2024.
Registration
No. 333-264463
UNITED
STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington,
D.C. 20549
POST - EFFECTIVE
AMENDMENT NO. 2
TO
FORM
S-1
REGISTRATION
STATEMENT UNDER THE SECURITIES ACT OF 1933
bioAffinity Technologies,
Inc.
(Exact
name of registrant as specified in its charter)
Delaware |
|
8731 |
|
46-5211056 |
(State
or other jurisdiction of
incorporation
or organization) |
|
(Primary
Standard Industrial
Classification
Code Number) |
|
(I.R.S.
Employer
Identification
Number) |
22211
W Interstate 10
Suite
1206
San
Antonio, Texas 78257
(210)
698-5334
(Address,
including zip code, and telephone number, including area code, of registrant’s principal executive offices)
Maria
Zannes
Chief
Executive Officer
22211
W Interstate 10
Suite
1206
San
Antonio, Texas
78257
(210)
698-5334
(Name,
address, including zip code, and telephone number, including area code, of agent for service)
Copies
to:
Leslie
Marlow, Esq.
Melissa
Palat Murawsky, Esq.
Blank
Rome LLP
1271
Avenue of the Americas
New
York, New York 10020
Tel:
(212) 885-5000
Approximate
date of commencement of proposed sale to the public: As soon as practicable after the effective date of this registration statement.
If
any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the
Securities Act of 1933 check the following box: ☒
If
this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the
following box and list the Securities Act registration statement number of the earlier effective registration statement for the same
offering. ☐
If
this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the
Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
If
this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the
Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
Indicate
by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company,
or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller
reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
|
Large
accelerated filer ☐ |
Accelerated
filer ☐ |
|
Non-accelerated
filer ☒ |
Smaller
reporting company ☒ |
|
|
Emerging
growth company ☒ |
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐
The
Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the
Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective
in accordance with Section 8(a) of the Securities Act of 1933 or until the Registration Statement shall become effective on such date
as the Commission, acting pursuant to said Section 8(a), may determine.
EXPLANATORY
NOTE
This Post-Effective Amendment No. 2 to the
Registration Statement on Form S-1 of bioAffinity Technologies, Inc. (the “Company”), as originally declared
effective by the Securities and Exchange Commission (the “SEC”) on August
29, 2022, is being filed for the sole purpose of filing Exhibit 5.2 as part of the Registration Statement. This Post-Effective Amendment
No. 2 does not modify any provision of Part I or Part II of the Registration Statement other than supplementing Item 16 of Part
II as set forth below.
PART
II
INFORMATION
NOT REQUIRED IN PROSPECTUS
Item
16. Exhibits and Financial Statement Schedules.
See the Exhibit Index immediately preceding the signature page
hereto for a list of exhibits filed as part of this registration statement on Form S-1, which Exhibit Index is incorporated herein by
reference.
(b) |
Financial Statement Schedules |
Schedules not listed have been omitted because the information
required to be set forth therein is not applicable, not material or is shown in the financial statements or notes thereto.
EXHIBIT
INDEX
Exhibit
Number |
|
Description |
|
|
|
1.1 |
|
Placement
Agency Agreement, dated March 6, 2024, by and among the Company and WallachBeth Capital LLC (Incorporated by reference as Exhibit
1.1 to the Registrant’s Form 8-K filed with the SEC on March 8, 2024) |
|
|
|
3.1 |
|
Certificate of Incorporation of the Registrant as filed with the Delaware Secretary of State on March 26, 2014 (Incorporated by reference as Exhibit 3.1 to the Registrant’s Annual Report on Form 10-K for the year ended December 31, 2023 (File No. 001-41463) filed with the SEC on April 1, 2024) |
|
|
|
3.2 |
|
Amended
and Restated Bylaws of Registrant (Incorporated by reference as Exhibit 3.6 to the Registrant’s Form S-1/A (File No. 333-264463)
filed with the SEC on June 16, 2022) |
|
|
|
3.3 |
|
Certificate of Amendment to the Certificate of Incorporation of Registrant, as filed with the Delaware Secretary of State on May 31, 2016 (Incorporated by reference as Exhibit 3.3 to the Registrant’s Annual Report on Form 10-K for the year ended December 31, 2023 (File No. 001-41463) filed with the SEC on April 1, 2024) |
|
|
|
3.4 |
|
Certificate
of Designation of Series A Convertible Preferred Stock of the Registrant filed with the Delaware Secretary of State on July 13, 2017
(Incorporated by reference as Exhibit 3.4 to the Registrant’s Form S-1/A (File No. 333-264463) filed with the SEC on May 25,
2022) |
|
|
|
3.5 |
|
Certificate of Amendment to the Certificate of Incorporation of Registrant, as filed with the Delaware Secretary of State on November 29, 2021 (Incorporated by reference as Exhibit 3.5 to the Registrant’s Annual Report on Form 10-K for the year ended December 31, 2023 (File No. 001-41463) filed with the SEC on April 1, 2024) |
|
|
|
3.6 |
|
Certificate
of Amendment to the Certificate of Incorporation of Registrant, as filed with the Delaware Secretary of State on June 23, 2022 (Incorporated
by reference as Exhibit 3.2 to the Registrant’s Form S-1/A (File No. 333-264463) filed with the SEC on May 25, 2022) |
|
|
|
3.7 |
|
Certificate
of Amendment to the Certificate of Incorporation of Registrant, as filed with the Delaware Secretary of State on June 6, 2023 (Incorporated
by reference as Exhibit 3.1 to the Registrant’s Current Report on Form 8-K (File No. 001-41463) filed with the SEC on June
7, 2023) |
|
|
|
4.1 |
|
Form
of Registrant’s Common Stock Certificate (Incorporated by reference as Exhibit 4.1 to the Registrant’s Form S-1/A filed
with the SEC on June 16, 2022) |
|
|
|
4.2 |
|
Common
Stock Purchase Warrant issued to San Antonio Economic Development Corporation dated March
17, 2017 (Incorporated by reference as Exhibit 4.2 to the Registrant’s Form S-1/A filed
with the SEC on May 25, 2022).
|
|
|
|
4.3 |
|
Form
of Common Stock Purchase Warrant issued to Holders of the Registrant’s Convertible Promissory Notes (Incorporated by reference
as Exhibit 4.3 to the Registrant’s Form S-1/A filed with the SEC on May 25, 2022) |
|
|
|
4.4 |
|
Form
of Placement Agent’s Warrant issued to WallachBeth Capital, LLC (Incorporated by reference
as Exhibit 4.4 to the Registrant’s Form S-1/A filed with the SEC on August 5, 2022) |
|
|
|
4.5 |
|
Form
of Representative’s Warrant issued to WallachBeth Capital, LLC, in connection with the Registrant’s Initial Public Offering
(Incorporated by reference as Exhibit 4.5 to the Registrant’s Form S-1/A filed with the SEC on July 28, 2022). |
|
|
|
4.6 |
|
Form
of (Tradeable) Common Stock Purchase Warrant issued as part of the Units sold in the Registrant’s
Initial Public Offering (Incorporated by reference as Exhibit 4.1 to the Registrant’s
Form 8-K filed with the SEC on September 6, 2022)
|
|
|
|
4.7 |
|
Form
of Warrant Agent Agreement for the Warrants issued as part of the Units sold in the Registrant’s
Initial Public Offering (Incorporated by reference as Exhibit 4.3 to the Registrant’s
Form 8-K filed with the SEC on September 6, 2022)
|
|
|
|
4.8 |
|
Form
of (Non-tradeable) Common Stock Purchase Warrant issued as part of the Units sold in the
Registrant’s Initial Public Offering (Incorporated by reference as Exhibit 4.2 to the
Registrant’s Form 8-K filed with the SEC on September 6, 2022) |
|
|
|
4.9 |
|
Form
of Amendment to Common Share Purchase Warrants with schedule of warrant holders and warrants (Incorporated by reference as Exhibit
4.1 to the Registrant’s Current Report on Form 8-K (File No. 001-41463) filed with the SEC on September 20, 2023) |
|
|
|
4.10 |
|
Form
of Amendment to Initial Public Offering Warrants with schedule of warrant holders and warrants
(Incorporated by reference as Exhibit 4.2 to the Registrant’s Current Report on Form
8-K (File No. 001-41463) filed with the SEC on September 20, 2023) |
|
|
|
4.11 |
|
Form
of Warrant to Purchase Common Stock (Incorporated by reference as Exhibit 4.1 to the Registrant’s Current Report on Form 8-K
(File No. 001-41463) filed with the SEC on March 8, 2024 |
|
|
|
4.12 |
|
Form
of Placement Agent Warrant (Incorporated by reference as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K (File
No. 001-41463) filed with the SEC on March 8, 2024 |
|
|
|
5.1** |
|
Opinion
of Dykema Gossett PLLC |
|
|
|
5.2* |
|
Opinion of Blank Rome |
|
|
|
10.1+ |
|
2014
Equity Incentive Plan of Registrant, as amended. (Incorporated by reference as Exhibit 10.1 to the Registrant’s Form S-1 filed
with the SEC on April 25, 2022) |
|
|
|
10.2+ |
|
Executive
Chairman Employment Agreement dated January 1, 2020, by and between Registrant and Steven Girgenti, as amended. (Incorporated by
reference as Exhibit 10.2 to the Registrant’s Form S-1 filed with the SEC on April 25, 2022) |
|
|
|
10.3+ |
|
Employment
Agreement dated February 1, 2015, by and between Registrant and Maria Zannes. (Incorporated by reference as Exhibit 10.3 to the Registrant’s
Form S-1 filed with the SEC on April 25, 2022) |
10.4+ |
|
Employment
Agreement dated April 4, 2016, by and between Registrant and Vivienne Rebel, as amended. (Incorporated by reference as Exhibit 10.4
to the Registrant’s Form S-1 filed with the SEC on April 25, 2022) |
|
|
10.5+ |
|
Employment
Agreement dated February 1, 2015, by and between Registrant and Timothy Zannes. (Incorporated by reference as Exhibit 10.5 to the
Registrant’s Form S-1 filed with the SEC on April 25, 2022) |
|
|
|
10.6+ |
|
Consulting
Agreement dated May 25, 2017, by and between Registrant and Michael Edwards, as amended. (Incorporated by reference as Exhibit 10.6
to the Registrant’s Form S-1 filed with the SEC on May 25, 2022) |
|
|
|
10.7 |
|
License
Agreement to Participate in the UTSA New Venture Incubator Program dated June 15, 2015, by and between Registrant and the University
of Texas at San Antonio. (Incorporated by reference as Exhibit 10.9 to the Registrant’s Form S-1 filed with the SEC on April
25, 2022) |
|
|
|
10.8 |
|
Joint
Development Agreement dated October 1, 2018, by and between the Registrant and Village Oaks Pathology Services, P.A. d/b/a Precision
Pathology Services (Incorporated by reference as Exhibit 3.2 to the Registrant’s Form S-1/A filed with the SEC on July 27,
2022) |
|
|
|
10.9 |
|
Agreement
dated October 17, 2020, by and between Registrant and GO2 Partners (Incorporated by reference as Exhibit 10.9 to the Registrant’s
Form S-1/A filed with the SEC on July 27, 2022) |
|
|
10.10 |
|
Form
of Note Purchase Agreement used by the Registrant in its private offering of Convertible Promissory Notes issued between October
2021 and January 2022 (Incorporated by reference as Exhibit 10.10 to the Registrant’s Form S-1 filed with the SEC on May 25,
2022) |
|
|
|
10.11+ |
|
Offer
Letter between bioAffinity Technologies, Inc. and Michael Dougherty dated April 11, 2023 (Incorporated by reference as Exhibit 10.1
to the Registrant’s Current Report on Form 8-K (File No. 001-41463) filed with the SEC on May 1, 2023) |
|
|
|
10.12 |
|
bioAffinity
Technologies, Inc. Amended and Restated 2014 Equity Incentive Plan Incorporated by reference as Exhibit 10.1 to the Registrant’s
Current Report on Form 8-K (File No. 001-41463) filed with the SEC on June 7, 2023) |
|
|
|
10.13 |
|
Amendment,
effective as of August 1, 2023, to Employment Agreement, dated February 1, 2015, by and between bioAffinity Technologies, Inc. and
Maria Zannes (Incorporated by reference as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K (File No. 001-41463)
filed with the SEC on July 28, 2023) |
|
|
|
10.14 |
|
Asset
Purchase Agreement, effective September 18, 2023, by and among, Precision Pathology Laboratory
Services, LLC, Dr. Roby P. Joyce and Village Oaks Pathology Services, P.A. (Incorporated
by reference as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K (File No.
001-41463) filed with the SEC on September 20, 2023) |
|
|
|
10.15 |
|
Subscription
Agreement, dated September 18, 2023, by and between The Joyce Living Trust, dated March 19, 2013, and bioAffinity Technologies, Inc.
(Incorporated by reference as Exhibit 10.2 to the Registrant’s Current Report on Form 8-K (File No. 001-41463) filed with the
SEC on September 20, 2023) |
|
|
|
10.16 |
|
Management
Services Agreement, effective as of September 18, 2023, by and between Precision Pathology
Laboratory Services, LLC and Village Oaks Pathology Services, P.A. (Incorporated by reference
as Exhibit 10.3 to the Registrant’s Current Report on Form 8-K (File No. 001-41463)
filed with the SEC on M September 20, 2023) |
|
|
|
10.17 |
|
Succession
Agreement, effective September 18, 2023, by and among, Precision Pathology Laboratory Services,
LLC, Dr. Roby P. Joyce and Village Oaks Pathology Services, P.A. (Incorporated by reference
as Exhibit 10.4 to the Registrant’s Current Report on Form 8-K (File No. 001-41463)
filed with the SEC on September 20, 2023) |
|
|
|
10.18 |
|
Professional
Services Agreement, effective as of September 18, 2023, by and between Precision Pathology
Laboratory Services, LLC and Village Oaks Pathology Services, P.A. (Incorporated by reference
as Exhibit 10.5 to the Registrant’s Current Report on Form 8-K (File No. 001-41463)
filed with the SEC on September 20, 2023) |
|
|
|
10.19+ |
|
Executive
Employment Agreement, dated September 18, 2023, by and between the Registrant and Roby Joyce,
M.D. (Incorporated by reference as Exhibit 10.6 to the Registrant’s Current Report
on Form 8-K (File No. 001-41463) filed with the SEC on September 20, 2023) |
|
|
|
10.20 |
|
Assignment
and Assumption of Lease Agreement, effective September 18, 2023, by and between Precision
Pathology Laboratory Services, LLC and Village Oaks Pathology Services, P.A. (Incorporated
by reference as Exhibit 10.7 to the Registrant’s Current Report on Form 8-K (File No.
001-41463) filed with the SEC on September 20, 2023) |
|
|
|
10.21 |
|
Office
Lease, dated July 31, 2019, by and between Village Oaks Pathology Services, P.A. and 343
West Sunset, LLC (Incorporated by reference as Exhibit 10.8 to the Registrant’s Current
Report on Form 8-K (File No. 001-41463) filed with the SEC on September 20, 2023) |
|
|
|
10.22 |
|
Assignment
and Assumption Agreement, effective September 18, 2023, by and between Precision Pathology
Laboratory Services, LLC and Village Oaks Pathology Services, P.A. (Incorporated by reference
as Exhibit 10.9 to the Registrant’s Current Report on Form 8-K (File No. 001-41463)
filed with the SEC on September 20, 2023) |
10.23 |
|
Equipment
Usage Attachment, dated effective as of August 9, 2019, by and between Gen-Probe Sales &
Service, Inc., together with its subsidiaries and affiliates and Village Oaks Pathology Services,
P.A. d/b/a Precision Pathology, as amended by that certain Amendment No. 1 to Equipment Usage
Attachment dated November 2, 2020, as further amended by that certain Amendment No. 2 to
Equipment Usage Attachment dated November 2, 2020, and as further amended by that certain
Amendment No. 3 to Equipment Usage Attachment dated December 21, 2022 (Incorporated by reference
as Exhibit 10.10 to the Registrant’s Current Report on Form 8-K (File No. 001-41463)
filed with the SEC on September 20, 2023) |
|
|
|
10.24 |
|
Master
Agreement, dated as of January 29, 2015, by and between Leica Microsystems, Inc. and Precision
Pathology, as amended by Amendment No. 1 to the Master Agreement, dated on or about April
4, 2018, as further amended by that certain Amendment No. 2 to Master Agreement, dated March
23, 2021 (Incorporated by reference as Exhibit 10.11 to the Registrant’s Current Report
on Form 8-K (File No. 001-41463) filed with the SEC on September 20, 2023) |
|
|
|
10.25 |
|
Strategic
Relationship License Agreement, dated December 1, 2022, by and between Pathology Watch, Inc.
and Precision Pathology Services (Incorporated by reference as Exhibit 10.12 to the Registrant’s
Current Report on Form 8-K (File No. 001-41463) filed with the SEC on September 20, 2023) |
|
|
|
10.26 |
|
Bill
of Sale signed by Village Oaks Pathology Services, P.A., effective as of September 18, 2023 (Incorporated by reference as Exhibit
10.13 to the Registrant’s Current Report on Form 8-K (File No. 001-41463) filed with the SEC on September 20, 2023) |
|
|
|
10.27 |
|
Jamie
Platt Offer Letter (Incorporated by reference as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K (File No. 001-41463)
filed with the SEC on December 5, 2023 |
|
|
|
10.28 |
|
bioAffinity
Technologies, Inc. Management Incentive Bonus Plan (Incorporated by reference as Exhibit 10.1 to the Registrant’s Current Report
on Form 8-K (File No. 001-41463) filed with the SEC on January 31, 2024 |
|
|
|
10.29 |
|
Amendment
to Michel Dougherty Offer Letter (Incorporated by reference as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K
(File No. 001-41463) filed with the SEC on January 31, 2024) |
|
|
|
10.30 |
|
Form
of Securities Purchase Agreement, dated as of March 6, 2024, by and among the Company and the investors parties thereto (Incorporated
by reference as Exhibit 10.1 to the Registrant’s Current Report on Form 8-K (File No. 001-41463) filed with the SEC on March
8, 2024) |
|
|
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10.31 |
|
Form
of Support Agreement with schedule of signatories (Incorporated by reference as Exhibit 10.1 to the Registrant’s Current Report
on Form 8-K (File No. 001-41463) filed with the SEC on March 8, 2024) |
|
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21.1 |
|
List
of Subsidiaries of the Registrant (Incorporated by reference as Exhibit 21.1 to the Registrant’s Form 10-K filed with the SEC
on March 31, 2023) |
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23.1** |
|
Consent
of Dykema Gossett PLLC (included in Exhibit 5.1). |
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23.2** |
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Consent of WithumSmith+Brown, PC, independent registered public accounting firm for bioAffinity Technologies Inc. |
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23.3* |
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Consent of Blank Rome (included in Exhibit 5.2) |
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24.1 |
|
Power
of Attorney (included on signature page of Post-Effective Amendment No. 1) |
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107** |
|
Filing
Fee Table.(Registration No. 333-264463) |
* |
Filed
herewith. |
** |
Previously filed |
+ |
Indicates
management contract or compensatory plan. |
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, the registrant has duly caused this Post Effective Amendment No. 2 to Registration
Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of San Antonio, Texas, on April 5,
2024.
|
bioAffinity
Technologies, Inc. |
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By: |
/s/
Maria Zannes |
|
|
Maria
Zannes |
|
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Chief
Executive Officer, President, Founder, and Director |
Signature |
|
Title |
|
Date |
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/s/
Maria Zannes |
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Founder,
President, Chief Executive Officer, and Director (Principal Executive Officer) |
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April
5, 2024 |
Maria
Zannes |
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* |
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Chief
Financial Officer |
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April
5, 2024 |
Michael
Dougherty |
|
(Principal
Financial and Accounting Officer) |
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* |
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Founder,
Executive Chairman, and Director |
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April
5, 2024 |
Steven
Girgenti |
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* |
|
Director |
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April
5, 2024 |
Robert
Anderson |
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* |
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Director |
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April
5, 2024 |
Stuart
Diamond |
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* |
|
Director |
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April
5, 2024 |
Peter
S. Knight |
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* |
|
Director |
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April
5, 2024 |
Gary
Rubin |
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* |
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Director |
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April
5, 2024 |
Roby
Joyce |
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* |
|
Director |
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April
5, 2024 |
Jamie
Platt |
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*By: |
/s/
Maria Zannes |
|
|
Maria
Zannes, Attorney-In-Fact |
|