PhoneX Shares May Qualify as Qualified Small Business Stock (QSBS) under Section 1202 of the Internal Revenue Code

Company Overview - PhoneX Holdings, Inc. is a technology company focused on the global wholesale trade of pre-owned mobile devices [4] - The company offers an industry-leading SaaS platform that assists carriers, manufacturers, and distributors in managing inventory, optimizing sales, and expanding customer networks [4] - PhoneX aims to drive efficiency, transparency, and scale in the secondary mobile device market, enabling partners to maximize value [4] Tax Qualification Announcement - PhoneX Holdings has announced that it may qualify as a "qualified small business" under Section 1202 of the Internal Revenue Code, which could allow for the exclusion of gain from the sale or exchange of "qualified small business stock" [1] - The qualification is subject to the satisfaction of all applicable requirements, and the company does not guarantee that any stock will ultimately qualify as QSBS or that shareholders will be eligible for tax benefits [2]