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0 0 0.00244498777506107 0.00244498777506107 0.00232273838630787 -0.0460880195599023 -0.0293398533007336 -0.0293398533007336
Stock impact report

Satellogic Announces Closing of $10 Million Private Placement and Filing of Shelf Registration Statement

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 closed its previously announced $10 million private placement, pursuant to which the Company issued an aggregate 3,571,429 Class A Ordinary Shares to a single institutional investor at a purchase price of $2.80 per share. The Company expects to use the net proceeds from the offering for general corporate purposes.The Company also announced today that it has filed a shelf registration statement on Form F-3 (the “Shelf Registration Statement”) to register the resale of the shares issued in the private placement as required under the share purchase agreement entered into in connection with the transaction. The Shelf Registration Statement also contemplates the primary issuance of up to $150 million aggregate amount of Class A Ordinary Shares. Accordingly, if and when the Shelf Registration Statement is declared effective, it will permit the offer Show less Read more
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