FAQ: Satellogic's $90 Million Public Offering of Class A Common Stock
Summary
Satellogic Inc. has priced a public offering of 27,692,308 shares at $3.25 per share, aiming to raise approximately $90 million in gross proceeds. This capital raise will support the company's mission to democratize access to high-resolution Earth Observation data for addressing global challenges like climate change and food security.
What is the main announcement in this content?
Satellogic Inc. has announced the pricing of its underwritten public offering of 27,692,308 shares of Class A common stock at $3.25 per share, with expected gross proceeds of approximately $90 million before deductions.
How many shares are being offered and at what price?
The offering consists of 27,692,308 shares of Class A common stock priced at $3.25 per share, with underwriters having a 30-day option to purchase up to an additional 4,153,846 shares on the same terms.
When is the offering expected to close?
The offering is expected to close on or about October 17, 2025, subject to customary closing conditions.
Who are the financial institutions managing this offering?
Cantor and Titan Partners Group (a division of American Capital Partners) are acting as joint bookrunning managers, while Craig-Hallum and Northland Capital Markets serve as co-managers.
What will Satellogic use the proceeds from this offering for?
Satellogic plans to use the net proceeds for general corporate purposes to support its operations and growth initiatives.
What is Satellogic’s business and mission?
Satellogic is a vertically integrated geospatial company building a scalable, automated Earth Observation platform to democratize access to high-resolution geospatial data, helping solve global challenges including climate change, energy supply, and food security.
When was Satellogic founded and by whom?
Satellogic was founded in 2010 by Emiliano Kargieman and Gerardo Richarte and has over a decade of experience in space technology and Earth observation.
Where can I find more information about Satellogic?
For more information about the company, you can visit their official website at https://satellogic.com/ or view the full press release at https://ibn.fm/YtgJc.
What makes Satellogic unique in the Earth Observation market?
Satellogic is the first vertically integrated geospatial company with patented Earth imaging technology that delivers planetary-scale insights at unprecedented unit economics, providing accessible and affordable high-resolution data solutions.
What is TechMediaWire and its role in this announcement?
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