Company: DRTSW
Filing Date: 2025-03-12
Form Type: 20-F
Source: 0001213900-25-023187
Chunk: 268

Company: Alpha Tau Medical Ltd.
Filing Date: 2025-03-12
Form: 20-F
Item: Item 10
Chunk 268
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less exercise of a warrant are not clear under current U. S. federal income tax law. A cashless exercise may
be tax-deferred, either because the exercise is not a realization event or because the exercise is treated as a recapitalization for
U. S. federal income tax purposes. In either situation, a U. S. Holder’s basis in our ordinary shares received would equal the U. S.
Holder’s basis in our warrants exercised therefore. If the cashless exercise is not treated as a realization event, a U. S. Holder’s
holding period in our ordinary shares would be treated as commencing on the date following the date of exercise (or possibly the date
of exercise) of our warrants. If the cashless exercise were treated as a recapitalization, the holding period of our ordinary shares
would include the holding period of our warrants exercised therefore.

It
is also possible that a cashless exercise of a warrant could be treated in part as a taxable exchange in which gain or loss would be
recognized in the manner set forth above under “ -Sale, Exchange, Redemption or Other Taxable Disposition of Our Ordinary Shares
and Our Warrants

Due
to the absence of authority on the U. S. federal income tax treatment of a cashless exercise of warrants, there can be no assurance which,
if any, of the alternative tax consequences and holding periods described above would be adopted by the IRS or a court of law. Accordingly,
U. S. Holders should consult their own tax advisors regarding the tax consequences of a cashless exercise of our warrants.

Possible
constructive distributions

The
terms of each of our warrants provide for an adjustment to the number of our ordinary shares for which the warrant may be exercised or
to the exercise price of the warrant in certain events. An adjustment which has the effect of preventing dilution generally is not taxable.
A U. S. Holder of one of our warrants would, however, be treated as receiving a constructive distribution from us if, for example, the
adjustment increases the holder’s proportionate interest in our assets or earnings and profits (for instance, through an increase
in the number of our ordinary shares that would be obtained upon exercise of such warrant) as a result of a distribution of cash or other
property such as other securities to the holders of our ordinary shares which is taxable to the U. S. Holders of such shares as described
under “- Distributions on Our Ordinary Shares

Passive
Foreign