IPO - Satellogic Inc.

Form Type: 8-K

Filing Date: 2025-04-15

Corporate Action: Ipo

Type: New

Accession Number: 000143774925012004

Filing Summary: On April 15, 2025, Satellogic Inc. entered into a securities purchase agreement to issue and sell 6,451,612 shares of Class A common stock in a registered direct offering at an offering price of $3.10 per share, which is expected to generate approximately $20.0 million in gross proceeds. The closing of the offering is anticipated for April 16, 2025, provided customary closing conditions are satisfied. The agreement includes a 30-day lock-up period during which the company, its directors, and executive officers cannot sell or transfer any shares. Cantor Fitzgerald & Co. is acting as the exclusive placement agent, receiving a 4.0% fee on the gross proceeds. The offering is made under the company's previously filed registration statement on Form S-3, and related agreements and legal opinions are attached as exhibits in the filing.