Company: BIAF
Filing Date: 2025-06-02
Form Type: DEF 14A
Source: 0001641172-25-013280
Chunk: 41

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-06-02
Form: DEF 14A
Chunk 41
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30% of any cash payments made to a non-U.S. holder as a result of the Reverse Stock Split that may be treated as a dividend, unless such
holder properly demonstrates that a reduced rate of U.S. federal income tax withholding or an exemption from such withholding is applicable.
For example, an applicable income tax treaty may reduce or eliminate U.S. federal income tax withholding, in which case a non-U.S. holder
claiming a reduction in (or exemption from) such tax must provide us with a properly completed IRS Form W-8BEN (or other appropriate IRS
Form W-8) claiming the applicable treaty benefit. Alternatively, an exemption generally should apply if the non-U.S. holder’s gain
is effectively connected with a U.S. trade or business of such holder, and such holder provides us with an appropriate statement to that
effect on a properly completed IRS Form W-8ECI.

Non-U.S. holders should consult their own tax advisors
regarding possible dividend treatment and should consult their own tax advisor regarding the U.S. federal, state, local, and foreign income
and other tax consequences of the Reverse Stock Split.

Information Reporting and Backup Withholding

Cash payments received by a U.S. holder of Common
Stock pursuant to the Reverse Stock Split may be subject to information reporting and may be subject to U.S. backup withholding (currently
at 24%) unless such holder provides proof of an applicable exemption or a correct taxpayer identification number and otherwise complies
with the applicable requirements of the backup withholding rules. In general, backup withholding and information reporting will not apply
to payment of cash in lieu of a fractional share of Common Stock to a non-U.S. holder pursuant to the Reverse Stock Split if the non-U.S.
holder certifies under penalties of perjury that it is a non-U.S. holder, and the applicable withholding agent does not have actual knowledge
to the contrary. In certain circumstances the amount of cash paid to a non-U.S. holder in lieu of a fractional share of Common Stock,
the name and address of the beneficial owner and the amount, if any, of tax withheld may be reported to the IRS. Any amount withheld under
the U.S. backup withholding rules is not an additional tax and will generally be allowed as a refund or credit against the holder’s
U.S. federal income tax liability provided that the required information is timely furnished to the IRS.

FATCA

Under the Foreign Account Tax Compliance
Act (‘‘FATCA’