PhoneX Shares May Qualify as Qualified Small Business Stock (QSBS) under Section 1202 of the Internal Revenue Code
PhoneX Holdings (OTC: PXHI) announced on October 24, 2025 that it has determined, based on its current understanding and subject to satisfying all requirements, the company may qualify as a “qualified small business” for purposes of potential exclusion of gain under Section 1202 of the Internal Revenue Code.
The company expressly does not guarantee any stock will qualify or that shareholders will receive tax benefits and advises shareholders to consult their own tax advisors before relying on Section 1202.
PhoneX Holdings (OTC: PXHI) ha annunciato il 24 ottobre 2025 che, sulla base della sua attuale comprensione e soggetto al soddisfacimento di tutti i requisiti, la società potrebbe qualificarsi come una «piccola impresa qualificata» ai fini di una eventuale esclusione di guadagni ai sensi della Sezione 1202 del Internal Revenue Code.
La società esplicitamente non garantisce che alcuna azione possa qualificarsi o che gli azionisti riceveranno benefici fiscali e consiglia agli azionisti di consultare i propri consulenti fiscali prima di basarsi sulla Sezione 1202.
PhoneX Holdings (OTC: PXHI) anunció el 24 de octubre de 2025 que ha determinado, basándose en su comprensión actual y sujeto a cumplir con todos los requisitos, que la empresa podría calificar como una “pequeña empresa calificada” a efectos de una posible exclusión de ganancias conforme a la Sección 1202 del Código de Rentas Internas.
La empresa expresamente no garantiza que ninguna acción califique ni que los accionistas recibirán beneficios fiscales y recomienda a los accionistas que consulten a sus propios asesores fiscales antes de basarse en la Sección 1202.
PhoneX Holdings(OTC: PXHI)는 2025년 10월 24일 현재의 이해를 바탕으로 모든 요건을 충족하는 것을 전제로 회사가 자격 있는 중소기업으로서 섹션 1202에 따른 잠재적 이익 제외 목적에 부합할 수 있다고 발표했다.
회사는 명시적으로 주식이 자격을 얻을 것이라는 보장이나 주주들이 세금 혜택을 받을 것이라는 보장을 하지 않으며, 주주가 Section 1202를 신뢰하기 전에 자신들의 세무 자문가와 상의할 것을 권고한다.
PhoneX Holdings (OTC : PXHI) a annoncé le 24 octobre 2025 qu'il a déterminé, sur la base de sa compréhension actuelle et sous réserve de satisfaire à toutes les exigences, que la société pourrait être éligible en tant que « petite entreprise qualifiée » en vue d'une éventuelle exclusion des gains en vertu de la Section 1202 du Code des impôts internes.
La société n'assure toutefois pas que des actions quelconques seront éligibles ou que les actionnaires recevront des avantages fiscaux et conseille aux actionnaires de consulter leurs propres conseillers fiscaux avant de se fonder sur la Section 1202.
PhoneX Holdings (OTC: PXHI) kündigte am 24. Oktober 2025 an, dass sie, basierend auf ihrem derzeitigen Verständnis und vorbehaltlich der Erfüllung aller Voraussetzungen, das Unternehmen künftig qualifiziert sein könnte als eine „qualifizierte kleine Firma“ im Sinne eines möglichen Ausschlusses von Gewinnen gemäß Abschnitt 1202 des Internal Revenue Code.
Das Unternehmen garantiert nicht ausdrücklich, dass irgendeine Aktie qualifiziert wird oder dass Aktionäre steuerliche Vorteile erhalten, und rät den Aktionären, vor dem Bezug auf Abschnitt 1202 ihren eigenen Steuerberater zu konsultieren.
أعلنت شركة PhoneX Holdings (OTC: PXHI) في 24 أكتوبر 2025 أنها بحسب فهمها الحالي وبشرط استيفاء جميع المتطلبات، قد تتأهل كشركة صغيرة مؤهلة لأغراض الاستبعاد المحتمل للأرباح بموجب القسم 1202 من قانون الإيرادات الداخلية.
تؤكد الشركة صراحة أنها لا تضمن أن أي سهم سيؤهّل أو أن يحصل المساهمون على مزايا ضريبية وتُنصح المساهمين باستشارة مستشيريهم الضريبيين قبل الاعتماد على القسم 1202.
- Company may qualify for Section 1202 QSBS treatment (Oct 24, 2025)
- Potential tax exclusion could benefit shareholders upon qualifying dispositions
- Company does not guarantee any shares will qualify under Section 1202
- Shareholder eligibility depends on meeting all applicable Code requirements
New York, NY, Oct. 24, 2025 (GLOBE NEWSWIRE) -- PhoneX Holdings, Inc. (OTC: PXHI) today announces to its shareholders that the Company has determined that, based on its current understanding of the applicable provisions of Section 1202 of the Internal Revenue Code of 1986, as amended (the “Code”), and subject to the satisfaction of all applicable requirements, the Company may qualify as a “qualified small business” for purposes of the potential exclusion of gain from the sale or exchange of “qualified small business stock” (“QSBS”) under Section 1202 of the Code.
While the Company cannot and does not make any representation, warranty, or guarantee that any stock will ultimately qualify as QSBS or that any shareholder will be eligible for any tax benefits under Section 1202 of the Code; shareholders should consult with their own tax advisors regarding the potential availability of Code Section 1202 benefits in connection with any acquisition, holding, or disposition of the Company’s stock.
THE INFORMATION CONTAINED HEREIN IS BEING PROVIDED SOLELY FOR INFORMATIONAL PURPOSES. IT IS NOT INTENDED TO BE, AND SHOULD NOT BE CONSTRUED AS, LEGAL OR TAX ADVICE.
About PhoneX Holdings, Inc.
PhoneX Holdings, Inc. is a technology company powering the global wholesale trade of pre-owned mobile devices. Its industry-leading SaaS platform helps carriers, manufacturers, and distributors manage inventory, optimize sales, and grow their customer networks. By driving efficiency, transparency, and scale, PhoneX enables its partners to maximize value in the secondary mobile device market.
Contact:
Jayme White
PhoneX Holdings, Inc.
Tel: (336) 408-9637
Email: jayme@phonexinc.com
FAQ
What did PhoneX (PXHI) announce about QSBS on October 24, 2025?
Does PhoneX guarantee PXHI stock will receive Section 1202 tax benefits?
How should PXHI shareholders determine eligibility for Section 1202 benefits?
When did PhoneX state its potential QSBS status for PXHI?
What is Section 1202 and why does PXHI mention it?
Will qualifying PXHI stock automatically reduce my taxes on sale?
