Company: SATLW
Filing Date: 2025-02-14
Form Type: F-4
Source: 0001437749-25-004040
Chunk: 72

Company: Satellogic Inc.
Filing Date: 2025-02-14
Form: F-4
Chunk 72
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 will result in a lower or more volatile market price of our BVI Class A Ordinary Shares or our DE Class A Common Stock (following the effectiveness of the Domestication) or in adverse publicity or other adverse consequences. For example, certain index providers have announced restrictions on including companies with multiple class share structures in certain of their indexes. S&P, Dow Jones and FTSE Russell have announced changes to their eligibility criteria for inclusion of shares of public companies on certain indices, including the S&P 500, pursuant to which companies with multiple classes of shares of common stock are excluded. In addition, several stockholder advisory firms have announced their opposition to the use of multiple class structures. As a result, the dual class structure of our common stock may cause stockholder advisory firms to publish negative commentary about our corporate governance practices or otherwise seek to cause us to change our capital structure. Any such exclusion from indices or any actions or publications by stockholder advisory firms critical of our corporate governance practices or capital structure could adversely affect the value and trading market of our BVI Class A Ordinary Shares or our DE Class A Common Stock.

In addition, our Convertible Notes are convertible in BVI Class A Ordinary Shares at a rate of 833.33 Class A Ordinary Shares per $1,000 principal amount of Convertible Notes (and, following the effectiveness of the Domestication, are convertible into DE Class A Common Stock), subject to certain customary anti-dilution provisions. As of February 7, 2025 the conversion of the Convertible Notes would result in the holder holding approximately 20.6% of our outstanding BVI Class A ordinary shares and 19.5% of the voting power of our BVI Ordinary Shares. Along with the significant voting power held by Mr. Kargieman, this would result in a significant concentration in the voting power of our BVI Ordinary Shares (and, following the effectiveness of the Domestication, our DE Common Stock), meaning that other shareholders may have little influence in determining the outcome of corporate actions requiring shareholder approval, and which could have the effect of delaying, preventing or deterring a change in control of Satellogic, could deprive our shareholders of an opportunity to receive a premium for their capital stock as part of a sale of Satellogic, and might ultimately affect the market price of our BVI Class A Ordinary Shares (and, following the effectiveness of the Domestication, our DE Class A Common Stock).

We do not expect to declare any dividends in the foreseeable future.

We do not anticipate declaring any