Company: DRTSW
Filing Date: 2025-03-12
Form Type: 20-F
Source: 0001213900-25-023187
Chunk: 102

Company: Alpha Tau Medical Ltd.
Filing Date: 2025-03-12
Form: 20-F
Item: Item 3
Chunk 102
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-U. S. corporation is not respected.

Risks Related to Our Incorporation and Location
in Israel

Conditions in Israel could materially and
adversely affect our business.

We are incorporated under
Israeli law, and many of our employees, including our Chief Executive Officer and other members of our management team, operate from our
headquarters located in Jerusalem, Israel. In addition, certain of our officers and directors are residents of Israel. Accordingly, our
business and operations are directly affected by economic, political, geopolitical, and military conditions in Israel.

Since the establishment of
the State of Israel in 1948 and in recent years, armed conflicts between Israel and its neighboring countries and terrorist organizations
active in the region have involved missile strikes, hostile infiltrations, terrorism against civilian targets in various parts of Israel,
and recently abduction of soldiers and citizens.

Following the October 7thattacks by Hamas terrorists in Israel’s southern border, Israel declared war against Hamas and since then, Israel has been involved in
military conflicts with Hamas, Hezbollah, a terrorist organization based in Lebanon, and Iran, both directly and through proxies like
the Houthi movement in Yemen and armed groups in Iraq and other terrorist organizations. Additionally, following the fall of the Assad
regime in Syria, Israel has conducted limited military operations targeting the Syrian army, Iranian military assets and infrastructure
linked to Hezbollah and other Iran-supported groups. Although certain ceasefire agreements have been reached with Hamas and Lebanon (with
respect to Hezbollah), and some Iranian proxies have declared a halt to their attacks, there is no assurance that these agreements will
be upheld, military activity and hostilities continue to exist at varying levels of intensity, and the situation remains volatile, with
the potential for escalation into a broader regional conflict involving additional terrorist organizations and possibly other countries.
Also, the fall of the Assad regime in Syria may create geopolitical instability in the region.

While our facilities have
not been damaged during the current war, the hostilities with Hamas, Hezbollah, Iran and its proxies and others have caused and may continue
to cause damage to private and public facilities, infrastructure, utilities, and telecommunication networks, and potentially disrupting
our operations and supply chains. In addition, Israeli organizations, government agencies and companies have been subject to extensive
cyberattacks. This could lead to increased costs, risks to employee safety, and challenges to business continuity, with potential financial
losses.

The continuation of the war
has also led to a deterioration of certain indicators of Israel’s economic standing