Company: SATLW
Filing Date: 2025-10-15
Form Type: 424B5
Source: 0001437749-25-031060
Chunk: 60

Company: Satellogic Inc.
Filing Date: 2025-10-15
Form: 424B5
Chunk 60
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 sole stockholder. As such, each of CFLP, CFGM and Mr. Lutnick may be deemed to have beneficial ownership of the Class A Common Stock held directly by CF&Co. Each such entity or person disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest they may have therein, directly or indirectly.                                                                                                            |
| (4) | The aggregate of 13,582,642 shares of Class A Common Stock listed as beneficially owned and registered for resale by Mr. Kargieman consists of 13,582,642 shares of Class B Common Stock which may be converted into Class A Common Stock at the option of Mr. Kargieman.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| (5) | The aggregate of 42,500,000 shares of Class A Common Stock listed as beneficially owned and registered for resale by Liberty Strategic Capital (SATL) Holdings LLC (“Liberty Investor”) consists of (a) 20,000,000 shares of Class A Common Stock, (b) 20,000,000 shares of Class A Common Stock issuable upon the exercise of Warrants, and (c) 2,500,000 shares of Class A Common Stock issuable upon the exercise of Warrants held by the Liberty Manager.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| (6) | The aggregate of 25,000,000 shares of Class A Common Stock listed as beneficially owned and registered for resale by Tether Investments Limited consists of 25,000,000 shares of Class A Common Stock issuable upon conversion of the Notes (subject to CFIUS approval). Ludovicus Jan Van der Velde and Giancarlo Devasini are the directors of Tether Holdings Limited and share voting and dispositive power with respect to the securities held by Tether Holdings Limited, including securities held by Tether International Limited, its wholly owned subsidiary. Messrs. Van der Velde and Devasini each disclaim beneficial ownership of the securities held by Tether Holdings Limited and Tether International Limited.                                                                                                                                                                                                                                                 |

<div align='center'>13

MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS</div>

The following is a discussion of certain U.S. federal income tax consequences for U.S. holders and non-U.S. holders (each as defined below) relating to the acquisition, ownership and disposition of Class A Common Stock and Warrants. This discussion addresses only those holders that hold their