Company: MYND
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001628280-25-014832
Chunk: 68

Company: Mynd.ai, Inc.
Filing Date: 2025-03-26
Form: 20-F
Item: Item 10
Chunk 68
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 we raise in any offering. Because PFIC status is based on our income, assets, and activities for the entire taxable year, it is not possible to determine whether we will be characterized as a PFIC for the current taxable year or any subsequent year until after the close of the relevant taxable year.

If we are classified as a PFIC in any year with respect to which a U. S. Holder owns our securities, we will continue to be treated as a PFIC with respect to such U. S. Holder in all succeeding years during which the U. S. Holder owns our securities, regardless of whether we continue to meet the tests described above for any succeeding year(s) unless (i) we cease to be a PFIC and the U. S. Holder has made a “deemed sale” election under the PFIC rules, or (ii) the U. S. Holder makes a QEF Election (as defined below) with respect to all taxable years during such U. S. Holders holding period in which we are a PFIC. If the “deemed sale” election is made, a U. S. Holder will be deemed to have sold the securities the U. S. Holder holds at their fair market value and any gain from such deemed sale would be subject to the rules described below. After the deemed sale election, so long as we do not become a PFIC in a subsequent taxable year, the U. S. Holder’s securities with respect to which such election was made will not be treated as shares in a PFIC and the U. S. Holder will not be subject to the rules described below with respect to any “excess distribution” the U. S. Holder receives from us or any gain from an actual sale or other disposition of the securities. U. S. Holders should consult their tax advisors as to the possibility and consequences of making a deemed sale election if we cease to be a PFIC and such election becomes available.

For each taxable year we are treated as a PFIC with respect to U. S. Holders, U. S. Holders will be subject to special tax rules with respect to any “excess distribution” such U. S. Holder receives and any gain such U. S. Holder recognizes from a sale or other disposition (including, under certain circumstances, a pledge) of securities, unless (i) such U. S. Holder makes a QEF Election (as defined below) or (ii) our securities constitute “marketable” securities,