Company: IMNN
Filing Date: 2025-05-30
Form Type: PRE 14A
Source: 0001641172-25-013068
Chunk: 62

Company: Imunon, Inc.
Filing Date: 2025-05-30
Form: PRE 14A
Chunk 62
---
, straddle, conversion transaction or other risk reduction transaction; (ix) persons who acquired shares of our Common Stock in connection with employment or other performance of services; (x) U.S. expatriates; (xi) partnerships (including entities or arrangements treated as partnerships for U.S. federal income tax purposes); and (xii) S corporations. This discussion assumes that the pre-Reverse Stock Split shares of Common Stock were, and the post-Reverse Stock Split shares of Common Stock will be, held as a “capital asset,” as defined in Section 1221 of the Code. If a partnership (including any entity or arrangement treated as a partnership for U.S. federal income tax purposes) holds shares of our Common Stock, the tax treatment of a partner in the partnership generally will depend upon the status of the partner and the activities of the partnership.

| 48 |

As used herein, the term “U.S. Holder” is a beneficial owner of Common Stock that is, for U.S. federal income tax purposes:

| ● | an                                                                                                                                 
 individual citizen or resident of the United States,                                                                               |
| ● | a                                                                                                                                  
 corporation (or other entity that is treated as a corporation for U.S. federal income tax purposes) that is created or organized   
 (or treated as created or organized) in or under the laws of the United States or any state thereof or the District of Columbia,   |
| ● | an                                                                                                                                 
 estate whose income is subject to U.S. federal income tax regardless of its source, or                                             |
| ● | a                                                                                                                                  
 trust if (i) a U.S. court can exercise primary supervision over the administration of such trust and one or more U.S. persons have 
 the authority to control all substantial decisions of the trust or (ii) it has a valid election in place to be treated as a U.S.   
 person.                                                                                                                            |

ALL STOCKHOLDERS ARE URGED TO CONSULT WITH THEIR TAX ADVISORS WITH RESPECT TO THE TAX CONSEQUENCES OF THE REVERSE STOCK SPLIT.

The Reverse Stock Split is intended to be treated as a “recapitalization” for U.S. federal income tax purposes within the meaning of Section 368(a)(1)(E) of the Code that is not part of a plan to periodically increase any stockholder’s proportionate interest in the assets or earnings and profits of the Company. The remainder of this discussion assumes the Reverse Stock Split is so treated.

A U.S. Holder should not recognize gain or