Company: DRTSW
Filing Date: 2025-06-23
Form Type: F-3
Source: 0001213900-25-056744
Chunk: 40

Company: Alpha Tau Medical Ltd.
Filing Date: 2025-06-23
Form: F-3
Chunk 40
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at least 50%
of the value of its assets (generally based on an average of the quarterly values of the assets) during such year is attributable to assets
that produce passive income or are held for the production of passive income.

For
this purpose, we will be treated as owning our proportionate share of the assets and earning our proportionate share of the income of
any other entity treated as a corporation for U.S. federal income tax purposes in which we own, directly or indirectly, 25% or more (by
value) of the stock.

We
believe we were a PFIC in 2024. However, there can be no assurances in this regard, nor can there be any assurances that we will or will
not be treated as a PFIC in any future taxable year. 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 can make no assurances that the IRS will not take a position contrary
to a position taken by us or that a court will not sustain such a challenge by the IRS.

Whether
we or any of our subsidiaries is treated as a PFIC is determined on an annual basis. The determination of whether we or any of our subsidiaries
is a PFIC is a factual determination that depends on, among other things, the composition of our income and assets, and the market value
of our and our subsidiaries’ shares and assets. Changes in the composition of our or any of our subsidiaries’ income or composition
of our or any of our subsidiaries’ assets may cause us or our any of our subsidiaries to be or become a PFIC for the current or
subsequent taxable years. Under the PFIC rules, if we were considered a PFIC at any time that a U.S. Holder owns our ordinary shares,
we would continue to be treated as a PFIC with respect to such investment unless (i) we ceased to be a PFIC and (ii) the U.S. Holder made
a “deemed sale” election under the PFIC rules. If such election is made, a U.S. Holder will be deemed to have sold its ordinary
shares at their fair market value on the last day of the last taxable year in which we are classified as a PFIC, and