Company: DRTSW
Filing Date: 2025-03-12
Form Type: 20-F
Source: 0001213900-25-023187
Chunk: 99

Company: Alpha Tau Medical Ltd.
Filing Date: 2025-03-12
Form: 20-F
Item: Item 3
Chunk 99
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 attributable to assets that produce or are held for the production of passive income. We believe we were a
PFIC in 2024. Based on the current and anticipated composition of our and our subsidiaries’ income, assets and operations, there
is a risk that we may continue to be treated as a PFIC for future taxable years. Moreover, the application of the PFIC rules is subject
to uncertainty in several respects, and we cannot assure you that the IRS will not take a position contrary to the position taken by us
or that a court will not sustain such a challenge by the IRS.

Whether we or any of our subsidiaries
are a PFIC for any taxable year is a factual determination that depends on, among other things, the composition of our and our subsidiaries’
income and assets, and the market value of our and our subsidiaries’ shares and assets. Changes in the composition of our and our
subsidiaries’ income, composition or composition of assets may cause us to be or become a PFIC for the current or subsequent taxable
years. Whether we are treated as a PFIC for U. S. federal income tax purposes is a factual determination that must be made annually at
the close of each taxable year and, thus, is subject to significant uncertainty.

If we are a PFIC for any taxable
year, a U. S. Holder of our ordinary shares may be subject to adverse tax consequences and may incur certain information reporting obligations.
For a further discussion, see “Certain Material U. S. Federal Income Tax Considerations-U. S. Holders-Passive Foreign Investment
Company Rules.” U. S. Holders of our ordinary shares and our warrants are strongly encouraged to consult their own advisors regarding
the potential application of these rules to us and the ownership of our ordinary shares and/or warrants.

If a U. S. Holder is treated as owning at
least 10% of our stock, such U. S. Holder may be subject to adverse U. S. federal income tax consequences.

For U. S. federal income tax
purposes, if a U. S. Holder is treated as owning (directly, indirectly or constructively) at least 10% of the value or voting power of
our stock, such person may be treated as a “ United States shareholder” with respect to us, or any of our subsidiaries, if
we or such subsidiary is a “controlled foreign corporation.” If we have one or more U. S. subsidiaries, certain of our non