Company: SATLW
Filing Date: 2025-02-14
Form Type: F-4
Source: 0001437749-25-004040
Chunk: 120

Company: Satellogic Inc.
Filing Date: 2025-02-14
Form: F-4
Chunk 120
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U.S. Holder” is a beneficial owner of a Satellogic Security who or that is, for U.S. federal income tax purposes:

| ● | an individual who is a citizen or resident of the United States; |

| ● | a corporation (or other entity that is treated as a corporation for U.S. federal income tax purposes) that is created or organized in or under the laws of the United States or any state thereof or the District of Columbia; |

| ● | an estate whose income is subject to U.S. federal income tax regardless of its source; or |

| ● | a trust if (1) a U.S. court can exercise primary supervision over the administration of such trust and one or more United States persons have the authority to control all substantial decisions of the trust or (2) it has a valid election in place to be treated as a United States person. |

Tax Effects of the Domestication on U.S. Holders

Generally

The U.S. federal income tax consequences of the Domestication will depend primarily upon whether the Domestication qualifies as a “reorganization” within the meaning of Section 368 of the Code. Under Section 368(a)(1)(F) of the Code, a reorganization includes a “mere change in identity, form, or place of organization of one corporation, however effected” (an “F Reorganization”). Pursuant to the Domestication, Satellogic will discontinue from the BVI and continue as a corporation incorporated under the laws of the State of Delaware. As a result, Satellogic’s jurisdiction of incorporation will be changed from the BVI to the State of Delaware. In connection with the Domestication, (i) each of our currently issued and outstanding BVI Ordinary Shares will automatically convert by operation of law, on a one-for-one basis, into shares of DE Common Stock and (ii) each BVI Warrant outstanding immediately prior to the Domestication will automatically convert into a DE Warrant exercisable for one share of DE Common Stock of Satellogic Delaware.

Satellogic intends for the Domestication to qualify as an F Reorganization. Satellogic has not requested, and does not intend to request, a ruling from the IRS as to the U.S. federal income tax qualification and/or consequences of the Domestication as an F Reorganization. Accordingly, each U.S. Holder of Satellogic Securities is urged to consult its tax advisor with respect to the particular tax consequences to it of the Domestication.

Assuming, as expected