Company: SATLW
Filing Date: 2025-02-14
Form Type: F-4
Source: 0001437749-25-004040
Chunk: 21

Company: Satellogic Inc.
Filing Date: 2025-02-14
Form: F-4
Chunk 21
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.S. federal income tax as a result of the Domestication. If you are a non-U.S. Holder (as defined in “Material U.S. Federal Income Tax Consequences of the Domestication” below) of our BVI Ordinary Shares or BVI Warrants, you may become subject to withholding tax on dividends paid on the DE Common Stock subsequent to the Effective Time. Please read the following information which provides more detail on the potential tax consequences of the Domestication.

As discussed more fully under “Material U.S. Federal Income Tax Consequences of the Domestication” below, it is intended that the Domestication will constitute a reorganization within the meaning of Section 368(a)(1)(F) of the Internal Revenue Code of 1986, as amended (the “Code”). Assuming the Domestication so qualifies, and subject to the passive foreign investment company (“PFIC”) rules discussed below and under “Material U.S. Federal Income Tax Consequences of the Domestication,” U.S. Holders will be subject to Section 367(b) of the Code and, as a result:

| ● | A U.S. Holder whose BVI Ordinary Shares have a fair market value of less than $50,000 on the date of the Domestication and who, on the effective date of the Domestication, owns (actually or constructively) less than 10% of the total combined voting power of all classes of shares of the Company entitled to vote and less than 10% of the total value of all classes of shares of the Company, will not recognize any gain or loss and will not be required to include any part of the Company’s earnings in income; |

| ● | A U.S. Holder whose BVI Ordinary Shares have a fair market value of $50,000 or more and who, on the date of the Domestication, owns (actually or constructively) less than 10% of the total combined voting power of all classes of the Company’s shares entitled to vote and less than 10% of the total value of all classes of the Company’s shares generally will recognize gain (but not loss) on the conversion of ordinary shares into DE Common Stock pursuant to the Domestication. As an alternative to recognizing gain, such U.S. holder may file an election to include in income as a deemed dividend the “all earnings and profits amount” (as defined in the Treasury Regulations under Section 367 of the Code) attributable to its ordinary shares, provided certain other requirements are satisfied; and |

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