Satellogic Announces $10 Million Private Placement Made By a Single Institutional Investor
Satellogic Inc. (SATL)
Company Research
Source: Business Wire
NEW YORK--(BUSINESS WIRE)--Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation data, announced today it has entered into a share purchase agreement with a single institutional investor, pursuant to which the Company has agreed to issue and sell an aggregate 3,571,429 Class A Ordinary Shares (the “Shares”) in a private placement at a purchase price of $2.80 per share, resulting in gross proceeds of approximately $10 million before deducting offering expenses. The Company expects to use the net proceeds from the offering for general corporate purposes. The transaction is expected to close on or before December 10, 2024.“The proceeds from this investment in Satellogic will help advance our mission as we continue to focus on our U.S. strategy, the National Security market, and our global Space Systems opportunities,” said Emiliano Kargieman, CEO & Founder, of Satellogic.“This new facility from a significant institutional investor is meaningful as we look
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SATL
Sec Filings
- 12/23/24 - Form EFFECT
- 12/20/24 - Form 424B5
- 12/20/24 - Form 6-K
- SATL's page on the SEC website