Company: SATLW
Filing Date: 2025-02-14
Form Type: F-4
Source: 0001437749-25-004040
Chunk: 111

Company: Satellogic Inc.
Filing Date: 2025-02-14
Form: F-4
Chunk 111
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 Our Board of Directors may therefore create and issue one or more series of preferred stock with voting and other rights that could adversely affect the voting power of the holders of our common stock and which could have certain anti-takeover effects. Before Satellogic Delaware may issue any series of preferred stock, its Board of Directors will be required to adopt resolutions creating and designating such series of preferred stock.

Comparison of Rights

The rights of Satellogic BVI’s shareholders are currently governed by the BVI Companies Act and the Satellogic BVI Articles. At the Effective Time, the shareholders of Satellogic BVI holding ordinary shares will automatically receive shares of common stock of Satellogic Delaware. Accordingly, after the Domestication, the rights of the holders of common stock will be governed by Delaware law and Satellogic Delaware’s certificate of incorporation and bylaws.

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| Provision                                                                                                                |     | Satellogic BVI                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |     | Satellogic Delaware                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Authorized Capital                                                                                                       |     | An unlimited number of shares of $0.0001 par value each divided into two classes as follows: BVI Class A Ordinary Shares and BVI Class B Ordinary Shares.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |     | 385,000,000 shares of DE Class A Common Stock, par value $0.0001 per share, 15,000,000 shares of DE Class B Common Stock, par value $0.0001 per share, and 5,000,000 shares of preferred stock, par value $0.0001 per share.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| Preferred (Preference) Shares                                                                                            |     | The Satellogic BVI Articles empower the directors, by resolution, to amend and restate the Satellogic BVI Articles in a manner that creates a new class of shares with rights and provisions ranking in priority to any existing class of Shares or carrying more votes per share of the new class of shares than any existing class of Shares (such new class of Shares however they may be described being herein referred to as “Preference Shares”) having such rights as specified by the Board of Directors pursuant to the resolution of directors approving the creation of such Preference Shares. The Satellogic BVI Articles further empower the directors to issue new Shares of any class.                                                                                                                                                      |     | As permitted (but not required) by Delaware law, the Satellogic Delaware