Filed Pursuant to Rule 424(b)(3)
Registration No. 333-281138
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PROSPECTUS | | |
Up to 35,026,272 Shares of Common Stock Issuable Upon Exercise of Warrants
This prospectus relates to the resale from time to time by the selling securityholders identified in this prospectus (the “Selling Securityholders”) of up to 35,026,272 shares of our common stock, par value $0.0001 per share, comprising (i) 17,513,136 shares of common stock issuable upon exercise of the Series A Warrants (the “Series A Warrants”), and (ii) 17,513,136 shares of common stock issuable upon exercise of the Series B Warrants (the “Series B Warrants,” and together with the Series A Warrants, the “Purchase Warrants,” and such shares of common stock issuable upon exercise of the Purchase Warrants, collectively, the “Purchase Warrant Shares”). The Purchase Warrants were acquired by the Selling Securityholders pursuant to a securities purchase agreement, dated July 4, 2024 (the “Purchase Agreement”), in a transaction more fully described in the section titled “Registered Direct Offering and Private Placement Transaction.”
We are not selling any shares of common stock under this prospectus and will not receive any proceeds from any sale by the Selling Securityholders of the shares of common stock offered by this prospectus and any prospectus supplement. We will, however, receive proceeds on the exercise by the Selling Securityholders of the Purchase Warrants for shares of common stock covered by this prospectus if such warrants are exercised for cash. The Selling Securityholders will bear all commissions and discounts, if any, attributable to the sales of shares of common stock offered by this prospectus and any prospectus supplement. We will bear all other costs, expenses and fees in connection with the registration of the shares of common stock offered by this prospectus and any prospectus supplement. Our registration of the securities covered by this prospectus does not mean that the Selling Securityholders will exercise the Purchase Warrants or offer or sell any of the Purchase Warrant Shares. The Selling Securityholders identified in this prospectus and any of their pledgees, donees, transferees, assignees or other successors-in-interest may sell the Purchase Warrant Shares in a number of different ways and at varying prices. We provide more information about how the Selling Securityholders may sell or otherwise dispose of the Purchase Warrant Shares in the section titled “Plan of Distribution.” See the section entitled “Selling Securityholders” for additional information regarding the Selling Securityholders.
Our common stock is listed on The Nasdaq Capital Market (“Nasdaq”) under the symbol “BNGO.” On August 9, 2024, the last reported sale price on Nasdaq of our common stock was $0.39 per share.
We are a “smaller reporting company” as defined under the federal securities laws and, as such, have elected to comply with certain reduced reporting requirements for this prospectus and may elect to do so in future filings.
Investing in our securities involves a high degree of risk. You should review carefully the risks and uncertainties described under the heading “Risk Factors” on page 5 of this prospectus as well as those contained in any applicable prospectus supplement and any related free writing prospectus, and under similar headings in the other documents that are incorporated by reference into this prospectus.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The date of this prospectus is August 12, 2024.