Company: SATLW
Filing Date: 2025-03-25
Form Type: 424B3
Source: 0001437749-25-009180
Chunk: 121

Company: Satellogic Inc.
Filing Date: 2025-03-25
Form: 424B3
Chunk 121
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 tax advisor with respect to the particular tax consequences to it of the Domestication.

Assuming, as expected, the Domestication qualifies as an F Reorganization, U.S. Holders of Satellogic Securities generally should not recognize gain or loss for U.S. federal income tax purposes on the Domestication, except as provided below under the sections entitled “— Effects of Section 367 to U.S. Holders of Ordinary Shares” and “— PFIC Considerations.”

Subject to the discussion below under the section entitled “— PFIC Considerations,” if the Domestication fails to qualify as an F Reorganization, a U.S. Holder of Satellogic Securities generally would recognize gain or loss with respect to its Satellogic Securities in an amount equal to the difference, if any, between the fair market value of the corresponding DE Common Stock and DE Warrants received in the Domestication and the U.S. Holder’s adjusted tax basis in its Satellogic Securities surrendered. Except where otherwise noted, the remainder of this discussion assumes that the Domestication will qualify as an F Reorganization.

Following the Domestication, a U.S. Holder generally would be required to include in gross income as U.S. source dividend income the amount of any distribution of cash or other property paid on the DE Common Stock to the extent the distribution is paid out of the Company’s current or accumulated earnings and profits (as determined under U.S. federal income tax principles). U.S. Holders are urged to consult with their tax advisors regarding this and any other tax considerations of owning stock and warrants of a U.S. corporation, rather than a non-U.S. corporation, following the Domestication.

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Basis and Holding Period Considerations

Subject to the discussion below under the section entitled “— PFIC Considerations,” (i) the tax basis of a share of DE Common Stock or a DE Warrant received by a U.S. Holder in the Domestication will equal the U.S. Holder’s tax basis in the BVI Ordinary Shares or BVI Warrants deemed surrendered in exchange therefor, increased by any amount included in the income of such U.S. Holder as a result of Section 367 of the Code (as discussed below) and (ii) the holding period for a share of DE Common Stock or a DE Warrant received by a U.S. Holder will include such U.S. Holder’s holding period for the BVI Ordinary Shares or BVI Warrants deemed surrendered in exchange therefor.

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