Company: YDDL
Filing Date: 2025-01-21
Form Type: F-1
Source: 0001213900-25-004967
Chunk: 40

Company: One & one Green Technologies. INC
Filing Date: 2025-01-21
Form: F-1
Chunk 40
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 income (the “asset test”). Based on our current and expected income and assets (taking into account the expected cash proceeds and our anticipated market capitalization following this offering), we do not presently expect to be a PFIC for the current taxable year or the foreseeable future. However, no assurance can be given in this regard because the determination of whether we are or will become a PFIC is a fact -intensiveinquiry made on an annual basis that depends, in part, upon the composition of our income and assets. In addition, there can be no assurance that the Internal Revenue Service (“IRS”) will agree with our conclusion or that the IRS would not successfully challenge our position. Fluctuations in the market price of our Class A Shares may cause us to become a PFIC for the current or subsequent taxable years because the value of our assets for the purpose of the asset test may be determined by reference to the market price of our Class A Shares. The composition of our income and assets may also be affected by how, and how quickly, we use our liquid assets and the cash raised in this offering. If we were to be or become a PFIC for any taxable year during which a U.S. holder holds our Class A Shares, certain adverse U.S. federal income tax consequences could apply to such U.S. holder. See “Material Tax Income Consideration — Material U.S. Federal Income Tax Considerations for U.S. Holders — PFIC Consequences.” Risks Related to this Offering and Our Class A Shares An active trading market for our Class A Shares may not develop and could affect the trading price of our Class A Shares. Prior to the Offering, there has been no public market for our Class A Shares. Although an application has been made to the Nasdaq Global Market for the listing and quotation of our Class A Shares, there can be no assurance that there will be an active, liquid public market for our Class A Shares after the Offering. The lack of an active market may impair your ability to sell your Class A Shares at the time you wish to sell them or at a price that you consider 22 reasonable. The lack of an active market may also reduce the fair market value of your Class A Shares. An inactive market may also impair our ability to raise capital to continue to fund operations by selling Class A Shares and may impair our ability to acquire other companies or technologies by using our Class A Shares as consideration. The initial public offering price was determined by negotiations between us and the underwriters and may not be indicative of