Company: MYND
Filing Date: 2025-03-26
Form Type: 20-F
Source: 0001628280-25-014832
Chunk: 72

Company: Mynd.ai, Inc.
Filing Date: 2025-03-26
Form: 20-F
Item: Item 10
Chunk 72
---
 we own, unless shares of such lower-tier PFIC are themselves “marketable.” As a result, even if a U. S. Holder validly makes a mark-to-market election with respect to our securities, the U. S. Holder may continue to be subject to the PFIC rules (described above) with respect to its indirect interest in any of our investments that are treated as an equity interest in a PFIC for U. S. federal income tax purposes. U. S. Holders should consult their tax advisors to determine whether any of these elections would be available and if so, what the consequences of the alternative treatments would be in their particular circumstances.

Unless otherwise provided by the IRS, each U. S. shareholder of a PFIC is required to file an annual report containing such information as the IRS may require. A U. S. Holder’s failure to file the annual report will cause the statute of limitations for such U. S. Holder’s U. S. federal income tax return to remain open with regard to the items required to be included in such report until three years after the U. S. Holder files the annual report, and, unless such failure is due to reasonable cause and not willful neglect, the statute of limitations for the U. S. Holder’s entire U. S. federal income tax return will remain open during such period. U. S. Holders should consult their tax advisors regarding the requirements of filing such information returns under these rules.

WE STRONGLY URGE YOU TO CONSULT YOUR TAX ADVISOR REGARDING THE IMPACT OF OUR PFIC STATUS ON YOUR INVESTMENT IN THE SECURITIES AS WELL AS THE APPLICATION OF THE PFIC RULES TO YOUR INVESTMENT IN THE SECURITIES.

Information Reporting and Backup Withholding

Payments of dividends and sales proceeds that are made within the U. S. or through certain U. S.-related financial intermediaries generally are subject to information reporting, and may be subject to backup withholding, unless (i) the U. S. Holder is a corporation or other exempt recipient or (ii) in the case of backup withholding, the U. S. Holder provides a correct taxpayer identification number and certifies that it is not subject to backup withholding on a duly executed IRS Form W-9 or otherwise establishes an exemption.

The amount of any backup withholding from a payment to a U. S. Holder may be allowed as a credit against the U. S. Holder’s U. S. federal income tax liability and may ent