Company: BDRX
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001214659-25-016821
Chunk: 140

Company: Biodexa Pharmaceuticals Plc
Filing Date: 2025-11-17
Form: F-1
Chunk 140
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 PFIC for the current taxable year. However, because
the determination of PFIC status must be made on an annual basis after the end of the taxable year and will depend on the composition
of the income and assets, as well as the nature of the activities, of our activities and those of our subsidiaries from time to time,
there can be no assurance that we will not be considered a PFIC for the current taxable year or any subsequent taxable year.

If we were to be classified
as a PFIC for any taxable year in which a U.S. Holder held the Depositary Shares, various adverse United States tax consequences could
result to such U.S. Holders, including taxation of gain on a sale or other disposition of the Depositary Shares at ordinary income rates
and imposition of an interest charge on gain or on distributions with respect to the Depositary Shares. Unless a U.S. Holder of PFIC shares
elects to be taxed annually on a mark-to-market basis or makes a “qualified electing fund,” or QEF, election (in either case,
if eligible) and certain other requirements are met, gain realized on the sale or other disposition of PFIC shares would generally not
be treated as capital gain. Instead, the U.S. Holder would be treated as if the U.S. Holder had realized such gain ratably over such holder’s
holding period for such securities. The amounts allocated to the taxable year of sale or other disposition and to any year before the
foreign corporation became a PFIC would be taxed as ordinary income. The amount allocated to each other taxable year would be subject
to tax at the highest rate in effect for such year, together with an interest charge in respect of the tax attributable to each such year.
Similar rules apply to the extent any distribution in respect of PFIC shares exceeds 125% of the average annual distribution on such PFIC
securities received by the U.S. Holder during the preceding three years or such holder’s holding period, whichever is shorter. With
certain exceptions, a foreign corporation is treated as a PFIC with respect to a U.S. Holder (including a U.S. Holder of warrants, as
applicable) if the corporation was a PFIC with respect to such holder at any time during the holder’s holding period of the foreign
corporation’s stock or warrants. Dividends paid to with respect to shares of a PFIC are not eligible for the special tax rates applicable
to qualified dividend income of certain non-c