Company: DRTSW
Filing Date: 2025-03-12
Form Type: 20-F
Source: 0001213900-25-023187
Chunk: 272

Company: Alpha Tau Medical Ltd.
Filing Date: 2025-03-12
Form: 20-F
Item: Item 10
Chunk 272
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Holders should consult their own tax advisors as to the availability and desirability of a QEF election.

Alternatively,
a U. S. Holder of “marketable stock” (as defined below) may make a mark-to-market election for its ordinary shares to elect
out of the Excess Distribution Rules discussed above if we are treated as a PFIC. If a U. S. Holder makes a mark-to-market election with
respect to its ordinary shares, such U. S. Holder will include in income for each year that we are treated as a PFIC with respect to such
ordinary shares an amount equal to the excess, if any, of the fair market value of the ordinary shares as of the close of the U. S. Holder’s
taxable year over the adjusted basis in the ordinary shares. A U. S. Holder will be allowed a deduction for the excess, if any, of the
adjusted basis of our ordinary shares over their fair market value as of the close of the taxable year. However, deductions will be allowed
only to the extent of any net mark-to-market gains on such ordinary shares included in the U. S. Holder’s income for prior taxable
years. Amounts included in income under a mark-to-market election, as well as gain on the actual sale or other disposition of the ordinary
shares, will be treated as ordinary income. Ordinary loss treatment will also apply to the deductible portion of any mark-to-market loss
on our ordinary shares, as well as to any loss realized on the actual sale or disposition of our ordinary shares, to the extent the amount
of such loss does not exceed the net mark-to-market gains for such ordinary shares previously included in income. A U. S. Holder’s
basis in our ordinary shares will be adjusted to reflect any mark-to-market income or loss. If a U. S. Holder makes a mark-to-market election,
any distributions we make would generally be subject to the rules discussed above under “ -Distributions on Our Ordinary Shares

The
mark-to-market election is available only for “marketable stock,” which is stock that is regularly traded on a qualified
exchange or other market, as defined in applicable U. S. Treasury regulations. Our ordinary shares are expected to qualify as marketable
stock for purposes of the PFIC rules, but there can be no assurance that our ordinary shares will be “regularly traded” for
purposes of these rules. Because a mark-to-market election cannot be made for equity interests in