Company: SGBAF
Filing Date: 2025-05-15
Form Type: 424B3
Source: 0001193125-25-120606
Chunk: 414

Company: SES S.A.
Filing Date: 2025-05-15
Form: 424B3
Chunk 414
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 expense related to the implementation of the Final Plan           |     |   |    (2,285 | ) |
| Incremental compensation expense for the acceleration of the vesting of Predecessor equity awards 
 upon the Effective Date                                                                           |     |   |      (615 | ) |
| Cancellation of amounts due from a third party                                                    |     |   |       (35 | ) |
| Net change in accumulated deficit                                                                 |     | $ | 5,648,597 |   |

(e) Fresh Start Adjustments In accordance with the application of Fresh Start Accounting, the following adjustments were made:

| (16) | Reflects the fair value adjustment due to the adoption of Fresh Start Accounting. The following table 
 summarizes the components of prepaid expenses (in thousands):                                         |

|                                                   |     | Predecessor Historical 
 Value                  |         |     | Successor Fair Value |         |
|:--------------------------------------------------|:----|:-----------------------|--------:|:----|:---------------------|--------:|
| Prepaid expenses and other current assets         |     | $                      |  69,601 |     | $                    |  67,589 |
| Deferred cost of sales excluding C-band - current 
 portion                                           |     |                        |  23,965 |     |                      |  23,808 |
| Deferred cost of sales C-band - current portion   |     |                        |  15,987 |     |                      |  15,987 |
| Total prepaid expenses and other current assets   |     | $                      | 109,553 |     | $                    | 107,384 |

F-129

| (17) | Changes in satellites and other property and equipment reflect the fair value adjustment due to the adoption of                      
 Fresh Start Accounting. The following table summarizes the components of satellites and other property and equipment (in thousands): |

|                                                   |     | Predecessor Historical 
 Value                  |            |   |     | Successor Fair Value |           |
|:--------------------------------------------------|:----|:-----------------------|-----------:|:--|:----|:---------------------|----------:|
| Satellites and launch vehicles                    |     | $                      | 11,225,338 |   |     | $                    | 3,433,243 |
| Information systems and ground segment            |     |                        |  1,208,463 |   |     |                      |   421,424 |
| Buildings and other                               |