Company: SATLW
Filing Date: 2025-02-14
Form Type: F-4
Source: 0001437749-25-004040
Chunk: 122

Company: Satellogic Inc.
Filing Date: 2025-02-14
Form: F-4
Chunk 122
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 on different dates or at different prices) should consult their tax advisors to determine how the above rules apply to them, and the discussion above does not specifically address all of the consequences to U.S. Holders who hold different blocks of Satellogic Securities.

If the Domestication fails to qualify as an F Reorganization, the U.S. Holder’s basis in DE Common Stock and DE Warrants received pursuant to the Domestication would be equal to the fair market value of such DE Common Stock and DE Warrants on the date of the Domestication, and such U.S. Holder’s holding period for such DE Common Stock and DE Warrants would begin on the day following the date of the Domestication.

Effects of Section 367 to U.S. Holders of Ordinary Shares

Section 367 of the Code applies to certain transactions involving foreign corporations, including a domestication of a foreign corporation in a transaction that qualifies as an F Reorganization. Subject to the discussion below under the section entitled “— PFIC Considerations,” Section 367 of the Code imposes U.S. federal income tax on certain U.S. persons in connection with transactions that would otherwise be tax-deferred. Section 367(b) of the Code will generally apply to U.S. Holders on the date of the Domestication.

U.S. Holders Who Own 10 Percent or More (By Vote or Value) of Satellogic Shares.

Subject to the discussion below under the section entitled “— PFIC Considerations,” a U.S. Holder who beneficially owns (actually or constructively pursuant to the rules under Section 318) 10% or more of the total combined voting power of all classes of Satellogic shares or 10% or more of the total value of all classes of Satellogic shares (a “10% U.S. Shareholder”) must include in income, as a dividend deemed paid by the Company as a result of the Domestication, the “all earnings and profits amount” attributable to the ordinary shares it directly owns within the meaning of the Treasury Regulations under Section 367 of the Code. A U.S. Holder’s. ownership of warrants will be taken into account in determining whether such U.S. Holder is a 10% U.S. Shareholder. Complex attribution rules apply in determining whether a U.S. Holder is a 10% U.S. Shareholder and all U.S. Holders are urged to consult their tax advisors with respect to these attribution rules.

A 10% U.S. Shareholder’s