Company: BLRX
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001178913-25-001123
Chunk: 37

Company: BioLineRx Ltd.
Filing Date: 2025-03-31
Form: 20-F
Item: Item 3
Chunk 37
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 respect to the resulting tax attributable to each
such other taxable year. In addition, if the U. S. Internal Revenue Service, or the IRS, determines that we are a PFIC for a year with
respect to which we have determined that we were not a PFIC, it may be too late for a U. S. Investor to make a timely QEF or mark-to-market
election. U. S. Investors who hold our ordinary shares or ADSs during a period when we are a PFIC will be subject to the foregoing rules,
even if we cease to be a PFIC in subsequent years, subject to exceptions for U. S. Investors who made a timely QEF or mark-to-market election.
A U. S. Investor can make a QEF election by completing the relevant portions of and filing IRS Form 8621 in accordance with the instructions
thereto. A QEF election generally may not be revoked without the consent of the IRS. Upon request, we intend to annually furnish U. S.
Investors with information needed in order to complete IRS Form 8621 (which form would be required to be filed with the IRS on an annual
basis by the U. S. Investor) and to make and maintain a valid QEF election for any year in which we are a PFIC. There is no assurance,
however, that we will have timely knowledge of our status as a PFIC, or that the information that we provide will be adequate to allow
U. S. Investors to make a QEF election. See also “ Item 10. Additional Information - E. Taxation - Certain Material U. S. Federal
Income Tax Considerations.”

If a United States person
is treated as owning at least 10% of our shares, such holder may be subject to adverse U. S. federal income tax consequences.

If a United States person is treated as owning (directly, indirectly
or constructively) at least 10% of the value or voting power of our shares, such person may be treated as a “ United States shareholder”
with respect to each “controlled foreign corporation”, or CFC, in our group (if any). Because our group includes a U. S.
subsidiary, our non-U. S. subsidiary will be treated as a CFC (regardless of whether or not we are treated as a CFC. A United States shareholder
of a controlled foreign corporation may be required to annually report and include in its U. S. taxable income its