Company: SATLW
Filing Date: 2025-03-25
Form Type: 424B3
Source: 0001437749-25-009180
Chunk: 75

Company: Satellogic Inc.
Filing Date: 2025-03-25
Form: 424B3
Chunk 75
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 additional convertible notes, or additional offerings of equity securities. In connection with the issuance of the Convertible Notes, we entered into a side letter which provides the purchaser with pre-emptive rights, in order to maintain its as-converted ownership percentage on the same basis as new capital raised. Accordingly, for so long as the purchaser holds the Convertible Notes, it will be entitled to acquire, upon the same terms and at the same price to be paid by other holders, its pro rata portion of any BVI Class A Ordinary Shares (and following the effectiveness of the Domestication, the DE Class A Common Stock), other than issuances under the Company’s incentive compensation plans, issued by us.

Additionally, any convertible or exchangeable securities that we issue in the future may have rights, preferences, and privileges more favorable than those of our BVI Class A Ordinary Shares (and following the effectiveness of the Domestication, the DE Class A Common Stock) and may result in dilution of owners of our BVI Class A Ordinary Shares or DE Class A Common Stock, as applicable. We and, indirectly, our shareholders, will bear the cost of issuing and servicing such securities. Upon liquidation, holders of our debt securities and preferred stock (if any), and lenders with respect to other borrowings, will receive a distribution of our available assets prior to the holders of our BVI Class A Ordinary Shares or DE Class A Common Stock, as applicable. Additional equity offerings may dilute the holdings of our existing shareholders or reduce the market price of our BVI Class A Ordinary Shares or DE Class A Common Stock, as applicable, or both. Any preferred stock we issue in the future could have a preference on liquidating distributions or a preference on dividend payments that could limit our ability to make a dividend distribution to the holders of our BVI Class A Ordinary Shares or DE Class A Common Stock, as applicable. Because our decision to issue securities in any future offering will depend on market conditions and other factors beyond our control, we cannot predict or estimate the amount, timing, or nature of our future offerings. Thus, holders of our BVI Class A Ordinary Shares or DE Class A Common Stock, as applicable, bear the risk of our future offerings reducing the market price of our BVI Class A Ordinary Shares or DE Class A Common Stock, as applicable, and diluting their ownership interest in us.

There can be no assurance that our BVI Class A Ordinary Shares or the BVI Warrants (or following the effectiveness of the Domestication, our DE