Dear User,
Thanks for raising the concern.
The hardware parameters of machine would change in the given scenario. Hence, we can apply the same license v2c again on the machine and it should work.
However to avoid any conflict, we suggest to re-host the licenses on another machine temporarily till the format is performed. After that, you can again restore the licenses back on original machine.
if the licenses are not re-hostable then you may need to update these as re-hostable first.
Best Regards,
Parth Kaushik