Satellogic Announces Closing of $35 Million Registered Direct Offering of Common Stock

Core Viewpoint - Satellogic Inc. has successfully closed a registered direct offering of 7,399,578 shares of Class A Common Stock, raising approximately $35 million to strengthen its balance sheet and support ongoing commercial momentum [1][3]. Financing Details - The offering was conducted with a single institutional investment manager, with Titan Partners acting as the lead placement agent and Craig-Hallum as the co-placement agent [2]. - The net proceeds from the offering will be allocated towards growth initiatives, satellite infrastructure, working capital, and general corporate purposes [3]. Commercial Momentum - The financing follows significant commercial achievements, including an $18 million satellite sale to the Government of Portugal and a seven-figure monitoring agreement with a strategic customer [4]. - The company has also been involved in enhancing Australia's sovereign space capabilities, indicating a growing demand for its services [4]. Strategic Developments - The appointment of Jeffrey Kerridge as SVP Sales in Q4 2025 is part of the company's strategy to enhance its sales capabilities and reflects the increasing adoption of its services [5]. - CEO Emiliano Kargieman emphasized that the recent financing and commercial wins indicate a strong start to 2026, with expectations for accelerated growth and enhanced in-orbit capabilities [6]. 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 [8]. - The company's integrated approach allows for predictable satellite deployment and persistent coverage, enabling proactive decision-making for various sectors [9].