Company: BIAF
Filing Date: 2025-04-15
Form Type: PRE 14A
Source: 0001641172-25-004857
Chunk: 43

Company: bioAffinity Technologies, Inc.
Filing Date: 2025-04-15
Form: PRE 14A
Chunk 43
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 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’’),
withholding taxes may apply to certain types of payments made to ‘‘foreign financial institutions’’ (as specially
defined in the Code) and certain other non-United States entities. Specifically, a 30% withholding tax may be imposed on dividends on
stock paid to a foreign financial institution or to a non-financial foreign entity, unless (1) the foreign financial institution undertakes
certain diligence and reporting, (2) the non-financial foreign entity either certifies it does not have any substantial United States
owners or furnishes identifying information regarding each substantial United States owner, or (3) the foreign financial institution or
non-financial foreign entity otherwise qualifies for an exemption from these rules. If the payee is a foreign financial institution and
is subject to the diligence and reporting requirements in clause (1) above, then, pursuant to an agreement between it and the U.S. Treasury
or an intergovernmental agreement between, generally, the jurisdiction in which it is resident and the U.S. Treasury, it must, among other
things, identify accounts held by certain United States persons or United States-owned foreign entities, annually report certain information
about such accounts and withhold 30% on payments to non-compliant foreign financial institutions and certain other account holders.

Any cash paid to a non-U.S. holder as a result of
the Reverse Stock Split that is treated as dividend may be subject to withholding under FATCA unless the requirements set forth