• Masterworks 197 plans to reorganize around May 31, 2026, rolling up into a Delaware series limited liability company structure.
• Investors will swap shares in the current company for shares in a newly formed series holding the same assets and obligations.
• Capitalization, board of managers, and ownership are expected to remain unchanged.
• The reorganization is expected to have no material impact on investor rights or investment value.
• No investor costs are expected; no tax impact or material effect on secondary trading is anticipated.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Masterworks 197 LLC published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-026090), on May 29, 2026, and is solely responsible for the information contained therein.