Core Viewpoint - Satellogic Inc. has announced a registered direct offering of 7,399,578 shares of Class A common stock at a price of $4.73 per share, aiming to raise approximately $35 million in gross proceeds before expenses [1][2]. Group 1: Offering Details - The offering is expected to close on January 27, 2026, pending customary closing conditions [1]. - Titan Partners is the lead placement agent, with Craig-Hallum acting as co-placement agent for the offering [2]. - The shares are being offered under a "shelf" registration statement previously filed with the SEC [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for Satellogic's growth initiatives, including investments in constellation and satellite infrastructure, working capital, and general corporate purposes [2]. Group 3: Company Overview - Founded in 2010, Satellogic is a vertically integrated Earth observation company that designs, manufactures, and operates satellite systems, providing decision-grade insights to government and commercial customers [5]. - The company offers flexible options for sovereign Earth observation, including high-frequency imagery and managed space systems [5][6]. - Satellogic's integrated approach allows for predictable satellite deployment timelines and supports continuous monitoring for various sectors, including defense and intelligence [6].
Satellogic Announces Pricing of $35 Million Registered Direct Offering of Common Stock