Company: DRTSW
Filing Date: 2025-03-12
Form Type: 20-F
Source: 0001213900-25-023187
Chunk: 101

Company: Alpha Tau Medical Ltd.
Filing Date: 2025-03-12
Form: 20-F
Item: Item 3
Chunk 101
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. Accordingly, under generally applicable U. S.
federal income tax rules, we, given our incorporation and tax residency in Israel, would generally be classified as a non-U. S. corporation
for U. S. federal income tax purposes. Section 7874 of the Code and the Treasury regulations promulgated thereunder, however, contain specific
rules that may cause a non-U. S. corporation to be treated as a U. S. corporation for U. S. federal income tax purposes. If it were determined
that we are treated as a U. S. corporation for U. S. federal income tax purposes under Section 7874 of the Code and the Treasury regulations
promulgated thereunder, we would be liable for U. S. federal income tax on its income in the same manner as any other U. S. corporation
and certain distributions made by us to Non-U. S. Holders (as defined in “ Certain Material U. S. Federal Income Tax Considerations”)
of our ordinary shares may be subject to U. S. withholding tax.

Based on the terms of the
Business Combination and certain factual assumptions, we do not currently expect to be treated as a U. S. corporation for U. S. federal
income tax purposes under Section 7874 of the Code after the Business Combination. However, the application of Section 7874 of the Code
is complex, subject to detailed regulations (the application of which is uncertain in various respects and would be impacted by changes
in such U. S. Treasury regulations with possible retroactive effect) and subject to certain factual uncertainties. Accordingly, there can
be no assurance that the IRS will not challenge our status as a non-U. S. corporation for U. S. federal income tax purposes under Section
7874 of the Code or that such challenge would not be sustained by a court.

If the IRS were to successfully
challenge under Section 7874 of the Code our status as a non-U. S. corporation for U. S. federal income tax purposes, we and certain of
our shareholders may be subject to significant adverse tax consequences, including a higher effective corporate income tax rate and future
withholding taxes on certain of our shareholders, depending on the application of any applicable income tax treaty that may apply to
reduce such withholding taxes.

You should consult your own
advisors regarding the application of Section 7874 of the Code to the Business Combination and the tax consequences if our classification
as a non