Item 8.01 Other Events.

As previously announced, at a reconvened special meeting of stockholders of Loral Space & Communications Inc. ("Loral") held on August 23, 2021, Loral's stockholders approved each of the proposals described in Loral's proxy statement dated June 30, 2021 (the "Proxy Statement"), including the proposal to consider and vote on the adoption of the Transaction Agreement (as described in the Proxy Statement).

On or about September 8, 2021, Loral commenced the mailing of the Election Form and Letter of Transmittal whereby Loral stockholders may elect to receive, in exchange for their shares of Loral common stock, Common Shares and/or Partnership Units of Telesat Corporation and Telesat Partnership LP, respectively (such Election Form and Letter of Transmittal, the "Election Form", and such election, the "Election"), subject to the consummation of the transactions (the "Closing") contemplated by, and the terms and conditions contained in, the Transaction Agreement. The Election Form is attached hereto as Exhibit 99.1 and incorporated herein by reference.

As described in the Election Form and the Proxy Statement, Loral stockholders who hold their shares of Loral common stock in certificated form or whose shares of Loral common stock are registered in their name should follow the instructions set forth in the Election Form and deliver the properly completed Election Form and duly executed transmittal materials included with the Election Form to Computershare Investor Services Inc. via one of the delivery methods set forth in the Election Form.

Loral stockholders who hold their shares of Loral common stock through a broker, investment dealer, bank, trust company or other nominee must make an Election by following the election instructions in the Election Form that such stockholders receive from their broker, investment dealer, bank, trust company or other nominee. Such Loral stockholders should contact their broker, investment dealer, bank, trust company or other nominee with any questions.

Each Election, along with duly executed and completed transmittal materials, must be received by Computershare Investor Services Inc. by 5:00 p.m., eastern time, on the date that is three business days prior to the date of the Closing, which date will be publicly announced by Loral at least five business days prior to the anticipated date of the Closing (including any extension or delay thereof), subject to the terms of the Transaction Agreement.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

99.1 Election Form and Letter of Transmittal

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

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