Company: TELO
Filing Date: 2025-11-28
Form Type: PRER14A
Source: 0001493152-25-025406
Chunk: 65

Company: Telomir Pharmaceuticals, Inc.
Filing Date: 2025-11-28
Form: PRER14A
Chunk 65
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 substantial decisions of such trust, or (ii) the trust was in existence on August 20, 1996 and has a valid election  
 in effect under applicable Treasury Regulations to be treated as a United States person for U.S. federal income tax purposes; or    |
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 estate, the income of which is subject to U.S. federal income tax regardless of its source.                                         |

Treatment of U.S. Holders in the Merger

If the Merger qualifies as a reorganization under Section 368(a) of the Code, TELI stockholders will not recognize gain or loss upon the exchange of their TELI Capital Stock for TELI Common Stock. TELI stockholders will obtain a basis in the TELI Common Stock they receive in the Merger equal to their basis in the TELI Capital Stock exchanged therefor. The holding period of the shares of TELI Common Stock received by an TELI stockholder in the Merger will include the holding period of the shares of TELI Capital Stock surrendered in exchange therefor (collectively, the “Intended Tax Treatment”).

If the Merger does not qualify as a reorganization within the meaning of Section 368(a) of the Code, then each U.S. holder will be treated as exchanging its TELI Capital Stock in a fully taxable transaction in exchange for TELI Common Stock. U.S. holders of TELI Capital Stock generally will recognize capital gain or loss in such exchange equal to the difference between (i) the sum of the fair market value of the TELI Common Stock received in the Merger and (ii) such holder’s tax basis in the TELI Capital Stock surrendered in the Merger. The aggregate tax basis of a U.S. holder in the TELI Common Stock received in the Merger will equal its fair market value at the Effective Time, and the holding period of TELI Common Stock received in the Merger will begin on the day after the Effective Time of the Merger.

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For purposes of the above discussion of the bases and holding periods for shares of TELI Capital Stock acquired by TELI stockholders at different times for different prices, such TELI stockholders must calculate their gains and losses and holding periods separately for each identifiable block of such TELI Capital Stock exchanged in the Merger.

Information Reporting

Each U.S. holder who receives shares of TELO Common Stock in the Merger is