Company: BIAF
Filing Date: 2025-09-24
Form Type: S-1
Source: 0001493152-25-014730
Chunk: 35

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-09-24
Form: S-1
Chunk 35
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 partnerships for U.S. federal income tax purposes should consult their own tax advisor regarding the U.S. federal income tax consequences arising from and relating to the acquisition, ownership, and disposition of Common Stock, Pre-Funded Warrants, Common Stock Purchase Warrants or Warrant Shares.

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U.S. Federal Income Tax Consequences of the Acquisition of Common Stock or Pre-Funded Warrants

For U.S. federal income tax purposes, the acquisition by a U.S. Holder hereunder will be treated as the acquisition of one share of Common Stock and one Common Stock Purchase Warrant. The purchase price for each share of Common Stock and Common Stock Purchase Warrant will be allocated between these two components in proportion to their relative fair market values at the time the Common Unit is purchased by the U.S. Holder. This allocation of the purchase price for each share of Common Stock and Common Stock Purchase Warrant will establish a U.S. Holder’s initial tax basis for U.S. federal income tax purposes in the share of Common Stock and Common Stock Purchase Warrant purchased pursuant to this prospectus.

For this purpose, we will allocate $5.47 of the purchase price for the share of Common Stock and $0.007 of the purchase price for Common Stock Purchase Warrant. However, the IRS will not be bound by such allocation of the purchase price for of the Common Stock and Common Stock Purchase Warrants, and therefore, the IRS or a U.S. court may not respect the allocation set forth above. Each U.S. Holder should consult its own tax advisor regarding the allocation of the purchase price for each share of Common Stock and Common Stock Purchase Warrant.

For U.S. federal income tax purposes, the acquisition by a U.S. Holder of a Pre-Funded Warrant will be treated as the acquisition of one Pre Funded Warrant and one Common Stock Purchase Warrant. The purchase price for each Pre-Funded Warrant will be allocated between these two components in proportion to their relative fair market values at the time the Pre-Funded Warrant is purchased by the U.S. Holder. This allocation of the purchase price for each Pre-Funded Warrant will establish a U.S. Holder’s initial tax basis for U.S. federal income tax purposes in the Pre-Funded Warrant and one Common Stock Purchase Warrant.

For this purpose, we will allocate $5.473 of the purchase price for the Pre-Funded Warrant and $0.01 of the purchase price for each Common Stock Purchase Warrant. However,