bioAffinity Technologies (BIAF) Proxy Filing summary

Executive summary

• Annual Meeting scheduled for June 6, 2025, to address key governance and capital structure matters.

• Focus on advancing noninvasive lung cancer diagnostics and expanding adoption of CyPath® Lung test.

• Board and management express gratitude for shareholder support and encourage proxy voting.

Voting matters and shareholder proposals

• Election of seven directors to serve until the next annual meeting.

• Ratification of WithumSmith + Brown, PC as independent auditor for fiscal year 2025.

• Approval of a reverse stock split at a ratio between 1-for-2 and 1-for-25, at Board discretion.

• Approval for issuance of up to 2,926,166 shares upon exercise of warrants from a private placement.

• Proposal to adjourn the meeting if more time is needed to solicit votes for key proposals.

Board of directors and corporate governance

• Board reduced to seven members; majority are independent under Nasdaq rules.

• Leadership structure separates CEO and Executive Chairman roles for strategic flexibility.

• Three standing committees: Audit, Compensation, and Nominating & Corporate Governance, each with defined charters.

• Directors encouraged to attend annual meetings; 75%+ attendance at board and committee meetings in 2024.

• Code of Ethics and Insider Trading Policy in place; compliance overseen by designated officer.