Company: RDPTF
Filing Date: 2025-09-18
Form Type: 20-F
Source: 0001213900-25-088699
Chunk: 144

Company: Radiopharm Theranostics Ltd
Filing Date: 2025-09-18
Form: 20-F
Item: Item 8
Chunk 144
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, such deductions generally would be limited to the net mark-to-market gains, if any, the U. S. Holder included in income with
respect to such ADSs in prior years. Income recognized and deductions allowed under the mark-to-market provisions, as well as any
gain or loss on the disposition of ADSs with respect to which the mark-to-market election is made, is treated as ordinary income or
loss (except that loss is treated as capital loss to the extent the loss exceeds the net mark-to-market gains, if any, that a U. S.
Holder included in income with respect to such ordinary shares in prior years). However, gain or loss from the disposition of ADSs
(as to which a “mark-to-market” election was properly made) in a year in which we are no longer a PFIC, will be capital
gain or loss. Our ordinary shares or ADSs will be “marketable” stock as long as they remain regularly traded on a
national securities exchange, such as the Nasdaq, or a foreign securities exchange regulated by a governmental authority of the
country in which the market is located and which meets certain requirements, including that the rules of the exchange effectively
promote active trading of listed stocks. If such stock is traded on such a qualified exchange or other market, such stock generally
will be “regularly traded” for any calendar year during which such stock is traded, other than in de minimis quantities,
on at least 15 days during each calendar quarter, but no assurances can be given in this regard. Our ordinary shares are traded on
the ASX, which may qualify as an eligible foreign securities exchange for this purpose. Because a mark-to-market election cannot be
made for any lower-tier PFICs that we may own, a U. S. Holder may continue to be subject to the PFIC rules with respect to such
holder’s indirect interest in any investments held by us that are treated as an equity interest in a PFIC for U. S. federal
income tax purposes, including shares in any of our subsidiaries that are treated as PFICs.

A U. S. Holder of ADSs should
not be able to avoid the tax consequences described above by electing to treat us as a qualified electing fund. In general, a qualified
electing fund is, with respect to a U. S. person, a PFIC if the U. S. person has elected to include its proportionate share of a company’s
ordinary earnings and