Company: SATLW
Filing Date: 2025-03-25
Form Type: 424B3
Source: 0001437749-25-009180
Chunk: 9

Company: Satellogic Inc.
Filing Date: 2025-03-25
Form: 424B3
Chunk 9
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 of the BVI with the British Virgin Islands Registrar of Corporate Affairs and file a certificate of incorporation and a certificate of corporate domestication with the Secretary of State of the State of Delaware. The Domestication does not require shareholder approval. We anticipate that the Domestication will become effective in early 2025, following the effectiveness of this Registration Statement and, upon the filing with the Secretary of State of the State of Delaware a certificate of corporate domestication and a certificate of incorporation of Satellogic Delaware and the filing with the Registrar of Corporate Affairs in the BVI of a notice of Satellogic BVI’s continuance (the “Effective Time”). See “Description of Capital Stock”—“Effective Time” below for additional information.

Comparison of Shareholder Rights

The Domestication will change our jurisdiction of incorporation from the British Virgin Islands to the State of Delaware and, as a result, our organizational documents will change and will be governed by Delaware law rather than BVI law. There are significant differences between the governing corporate law of Satellogic BVI and Satellogic Delaware. These differences are described in more detail under “Description of Capital Stock”—“Comparison of Rights” below. However, our business, assets and liabilities on a consolidated basis, as well as our Board of Directors, executive officers, principal business locations (other than our principal executive office) and fiscal year, will not change as a result of the Domestication.

Share Exchange

We are currently authorized to issue an unlimited number of BVI Class A Ordinary Shares with a par value of $0.0001 per share. Holders of BVI Class A Ordinary Shares are entitled to one vote for each share. As of March 14, 2025, there were 83,474,479 shares of BVI Class A Ordinary Shares outstanding.

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We are also authorized to issue unlimited BVI Class B Ordinary Shares with a par value of $0.0001 per share. Holders of BVI Class B Ordinary Shares are entitled to 1.472467906 votes per share. Satellogic’s Founder and Chief Executive Officer owns 13,582,642 BVI Class B Ordinary Shares, representing 100% of the voting power of the BVI Class B Ordinary Shares.

In addition, as of the date hereof, there are issued and outstanding 49,184,815 BVI Warrants, comprised of (i) 8,253,455 BVI Class A Ordinary Shares issuable upon the exercise of warrants