Company: MYND
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001628280-25-014832
Chunk: 65

Company: Mynd.ai, Inc.
Filing Date: 2025-03-26
Form: 20-F
Item: Item 10
Chunk 65
---
 and which has one or more U. S. persons who have the authority to control all substantial decisions of the trust or (B) that has otherwise validly elected to be treated as a U. S. person under the Code.

If an entity or arrangement which is treated as a partnership for U. S. federal income tax purposes is a beneficial owner of the ADSs or ordinary shares, the tax treatment of a partner in the partnership will generally depend upon the status of the partner and the activities of the partnership. Entities or arrangements which are treated as partnerships for U. S. federal income tax purposes and their partners are urged to consult their tax advisors regarding an investment in the ADSs or ordinary shares.

Treasury regulations that apply to taxable years beginning on or after December 28, 2021, or the Foreign Tax Credit Regulations, may in some circumstances prohibit a U. S. person from claiming a foreign tax credit with respect to certain non-U. S. taxes that are not creditable under applicable income tax treaties.

Tab l e of contents

For U. S. federal income tax purposes, it is generally expected that a U. S. Holder of ADSs will be treated as the beneficial owner of the underlying shares represented by the ADSs. The remainder of this discussion assumes that a U. S. Holder of the ADSs will be treated in this manner and that deposits or withdrawals of ordinary shares for ADSs will generally not be subject to U. S. federal income tax.

Dividends

Subject to the discussion below under “ Passive Foreign Investment Company Rules,” any cash distributions (including the amount of any taxes withheld thereon) paid on our ADSs or ordinary shares out of our current or accumulated earnings and profits, as determined under U. S. federal income tax principles, will generally be includible in the gross income of a U. S. Holder as dividend income on the day actually or constructively received by the U. S. Holder, in the case of ordinary shares, or by the depositary, in the case of ADSs. Because we do not intend to determine our earnings and profits on the basis of U. S. federal income tax principles, any distribution we pay will generally be treated as a “dividend” for U. S. federal income tax purposes. Dividends received on our ADSs or ordinary shares will not be eligible for the dividends received deduction allowed to corporations in respect of dividends received from U. S. corporations.

Individuals and other non-corporate U. S