Satellogic Entered Into $20M Securities Purchase Agreement; To Issue And Sell 6,451,612 Shares At $3.10 Per Share

Author: Benzinga Newsdesk | April 15, 2025 09:04am

On April 15, 2025, Satellogic Inc. (the "Company") entered into a securities purchase agreement (the "Purchase Agreement") with the purchaser party thereto, pursuant to which the Company agreed to issue and sell in a registered direct offering (the "Offering"), 6,451,612 shares (the "Shares") of the Company's Class A common stock, par value $0.0001 per share (the "Class A Common Stock"), at an offering price of $3.10 per share. The gross proceeds to the Company from the Offering are approximately $20.0 million, before deducting the Placement Agent's (as defined below) fees and estimated offering expenses payable by the Company. Closing of the Offering is expected to occur on April 16, 2025, subject to satisfaction of customary closing conditions.

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