Prospectus Filed Pursuant to Rule 424(b)(5) (424b5)
November 09 2022 - 06:08AM
Edgar (US Regulatory)
Filed Pursuant to Rule 424(b)(5)
Registration No. 333-257187
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Prospectus Supplement
(To the Prospectus dated June 30, 2021) |
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32,388,664 Shares of Common Stock
This prospectus supplement updates, supersedes and amends certain
information contained in the prospectus supplement dated
June 30, 2021 (the “Original Prospectus”), relating to the
offering on a resale basis of an aggregate of 32,388,664 shares
(the “Shares”) of common stock, par value $0.001 per share (the
“Common Stock”), including Shares issuable upon the exercise of
warrants to purchase up to an aggregate of 15,694,332 shares of
Common Stock, at an original exercise price of $2.84 per share (the
“Existing Warrants”). The Existing Warrants have been amended as
described below under “Amendments to Existing Warrants.”
This prospectus supplement should be read in conjunction with the
Original Prospectus, and is qualified by reference to the Original
Prospectus, except to the extent that the information presented
herein supersedes the information contained in the Original
Prospectus. This prospectus supplement is not complete without, and
may only be delivered or used in connection with, the Original
Prospectus, including any amendments or supplements thereto. We may
amend or supplement the Original Prospectus from time to time by
filing amendments or supplements as required. You should read the
entire Original Prospectus and any amendments or supplements
carefully before you make an investment decision.
Our common stock is listed on the Nasdaq Global Market under the
symbol “BIOR.” On November 4, 2022, the last reported sale
price of our common stock on the Nasdaq Global Market was $0.3287
per share.
Investing in our securities involves a high degree of risk. See
“Risk Factors” in the Original Prospectus and documents
incorporated therein by reference for a discussion of such risk
factors, which factors should be read carefully in connection with
an investment in our securities.
Neither the Securities and Exchange Commission nor any state
securities commission has approved or disapproved of these
securities or passed upon the accuracy or adequacy of this
prospectus supplement or the accompanying prospectus. Any
representation to the contrary is a criminal offense.
AMENDMENTS TO EXISTING WARRANTS
This prospectus supplement is being filed to disclose the
following:
On November 6, 2022, we entered into warrant amendment
agreements (the “Warrant Amendment Agreements”) with certain
institutional investors under which the Company agreed to amend
certain outstanding warrants to purchase up to an aggregate of
10,097,166 shares of common stock that were previously issued in
2021 to such investors, with an exercise price of $2.84 per
share.
Under the Warrant Amendment Agreements, with respect to Existing
Warrants to purchase up to an aggregate of 10,097,166 shares of
common stock held by the institutional investors, the Company
agreed to (i) lower the exercise price of such Existing
Warrants to $0.3288 per share, (ii) provide that such Existing
Warrants, as amended, will not be exercisable until May 9,
2023 and (iii) extend the original expiration date of such
Existing Warrants to May 9, 2028. These amendments became
effective on November 9, 2022.
Prospectus supplement dated November 9,
2022
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