Company: RDPTF
Filing Date: 2025-09-18
Form Type: 20-F
Source: 0001213900-25-088699
Chunk: 142

Company: Radiopharm Theranostics Ltd
Filing Date: 2025-09-18
Form: 20-F
Item: Item 8
Chunk 142
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 income tax
purposes, we will be classified as a PFIC for any taxable year in which (i) 75% or more of our gross income is passive income, or
(ii) at least 50% of the average value of all of our assets for the taxable year produce or are held for the production of passive
income. For this purpose, cash is considered to be an asset which produces passive income. Passive income for these purposes generally
includes dividends, interest, royalties, rents, annuities and the excess of gains over losses from the disposition of assets which produce
passive income. In making a PFIC determination, we will be treated as owning our proportionate share of the assets and earning our proportionate
share of the income of any other corporation in which we own, directly or indirectly, 25% or more (by value) of the share capital. Based
on the composition of our assets and income, we believe that we should not be treated as a PFIC for U. S. federal income tax purposes with
respect to fiscal 2025. However, the determination of PFIC status is a factual determination that must be made annually at the close of
each taxable year and, therefore, there can be no certainty as to our status in this regard until the close of the current or any future
taxable year. Changes in the nature of our income or assets or a decrease in the trading price of our ADSs may cause us to be considered
a PFIC in the current or any subsequent year. If we were a PFIC in any year during a U. S. Holder’s holding period for our ADSs,
we would ordinarily continue to be treated as a PFIC for each subsequent year during which the U. S. Holder owned the ADSs.

Under the default PFIC “excess
distribution” regime, if we are a PFIC in any taxable year during which a U. S. Holder owns ADSs, such U. S. Holder could be liable
for additional taxes and interest charges upon (i) certain distributions by us (generally any distribution paid during a taxable
year that is greater than 125 percent of the average annual distributions paid in the three preceding taxable years, or, if shorter,
the U. S. Holder’s holding period for the ADSs), and (ii) any gain realized on a sale, exchange or other disposition, including
a pledge, of the ADSs, whether or not we continue to be a PFIC