Company: SGBAF
Filing Date: 2025-01-17
Form Type: DRS/A
Source: 0000950123-25-000378
Chunk: 370

Company: SES S.A.
Filing Date: 2025-01-17
Form: DRS/A
Chunk 370
---
 time to exit, volatility, risk-free rate and the exercise price.

Series A and Series B CVRs

The
Series A and Series B CVRs were determined to have nominal value as of the Fresh Start Reporting Date.

(c) Consolidated Balance Sheet

The adjustments included in the Fresh Start Accounting consolidated balance sheet set forth below reflect the effects of the transactions
contemplated by the Final Plan and enacted on the Effective Date (reflected in the column “Reorganization Adjustments”), and fair value and other required accounting adjustments resulting from the adoption of Fresh Start Accounting
(reflected in the column “Fresh Start Adjustments”). The explanatory

F-120

Confidential Treatment Requested by SES Pursuant to 17 C.F.R. Section 200.83 notes provide additional information and significant assumptions with regard to the adjustments recorded and the methods used to determine the fair values.

| ASSETS                                                            
 Current assets:                                                   |     | Predecessor  
 February 28, 
 2022         |            |   |     | Reorganization 
 Adjustments    |             |   |     | (1) |     |     | Fresh Start 
 Adjustments |            |   |     |     |     | Successor    
 February 28, 
 2022         |            |
|:------------------------------------------------------------------|:----|:-------------|-----------:|:--|:----|:---------------|------------:|:--|:----|:----|----:|:----|:------------|-----------:|:--|:----|----:|:----|:-------------|-----------:|
| Cash and cash equivalents                                         |     | $            |    393,406 |   |     | $              |     (73,679 | ) |     |     |  -2 |     | $           |          — |   |     |     |     | $            |    319,727 |
| Restricted cash                                                   |     |              |    102,018 |   |     |                |           — |   |     |     |     |     |             |          — |   |     |     |     |              |    102,018 |
| Depository Trust Company (“DTC”) asset                            |     |              |    732,121 |   |     |                |    (732,121 | ) |     |     |  -3 |     |             |          — |   |     |     |     |              |          — |
|