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Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution Earth Observation ("EO") data, announced today that it intends to offer and sell shares of its Class A common stock in an underwritten public offering. In connection with this offering, the Company expects to grant the underwriters a 30 day option to purchase additional shares of Class A common stock, equal to up to 15% of the number of shares of Class A common stock sold in the offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. All of the shares of Class A common stock in the offering are to be sold by the Company.
Cantor and Titan Partners Group, a division of American Capital Partners, are acting as joint bookrunning managers of the offering.
The Company anticipates using the net proceeds from the offering for general corporate purposes.
Posted In: SATL
