Company: IMNN
Filing Date: 2025-06-09
Form Type: DEF 14A
Source: 0001641172-25-014324
Chunk: 64

Company: Imunon, Inc.
Filing Date: 2025-06-09
Form: DEF 14A
Chunk 64
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 as a partnership for U.S. federal income tax purposes) holds shares of our Common Stock, the tax treatment of a partner in the partnership generally will depend upon the status of the partner and the activities of the partnership.

| 48 |

As used herein, the term “U.S. Holder” is a beneficial owner of Common Stock that is, for U.S. federal income tax purposes:

| ● | an                                                                                                                                 
 individual citizen or resident of the United States,                                                                               |
| ● | a                                                                                                                                  
 corporation (or other entity that is treated as a corporation for U.S. federal income tax purposes) that is created or organized   
 (or treated as created or organized) in or under the laws of the United States or any state thereof or the District of Columbia,   |
| ● | an                                                                                                                                 
 estate whose income is subject to U.S. federal income tax regardless of its source, or                                             |
| ● | a                                                                                                                                  
 trust if (i) a U.S. court can exercise primary supervision over the administration of such trust and one or more U.S. persons have 
 the authority to control all substantial decisions of the trust or (ii) it has a valid election in place to be treated as a U.S.   
 person.                                                                                                                            |

ALL STOCKHOLDERS ARE URGED TO CONSULT WITH THEIR TAX ADVISORS WITH RESPECT TO THE TAX CONSEQUENCES OF THE REVERSE STOCK SPLIT.

The Reverse Stock Split is intended to be treated as a “recapitalization” for U.S. federal income tax purposes within the meaning of Section 368(a)(1)(E) of the Code that is not part of a plan to periodically increase any stockholder’s proportionate interest in the assets or earnings and profits of the Company. The remainder of this discussion assumes the Reverse Stock Split is so treated.

A U.S. Holder should not recognize gain or loss upon the Reverse Stock Split, except possibly with respect to any additional fractions of a share of the Company’s common stock received as a result of the rounding up of any fractional shares that would otherwise be issued, as discussed below. Subject to the following discussion regarding a U.S. Holder’s receipt of a whole share of the Company’s common stock in lieu of a fractional share, a U.S. Holder’s aggregate tax basis in the shares of the Company’s common stock received pursuant to the Reverse Stock Split should equal the aggregate tax basis of the shares of the Company’s common stock surrendered (possibly, increased by any income or gain recognized on receipt of