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Satellogic announces a five-year partnership with Palantir Technologies to enhance satellite imaging and AI capabilities. This collaboration will utilize Palantir's Foundry platform for improved image processing and data integration, benefiting both companies' clients. The partnership builds on prior successful integration of Palantir's Edge AI on Satellogic's satellites. Key advantages include faster delivery of tailored AI insights and streamlined data management. This strategic alliance aims to revolutionize customer access to advanced geospatial products.
Satellogic Inc. has completed its business combination with CF Acquisition Corp. V (CFV), with trading on Nasdaq set to start on January 26, 2022. The deal secures approximately
Satellogic has secured a $150 million private placement from Liberty Strategic Capital, led by former Treasury Secretary Steven Mnuchin, boosting total committed capital to over $265 million. The firm aims to remap the entire Earth weekly by 2023 and daily thereafter, addressing key commercial and government applications within a $140 billion total addressable market. Secretary Mnuchin will become Non-Executive Chairman, while Howard Lutnick of CF Acquisition Corp. V joins the board. The merger is expected to close in Q1 2022, enhancing Satellogic's position in high-resolution satellite imagery.
CF Acquisition Corp. V (Nasdaq: CFFV) has adjourned its special meeting of stockholders originally scheduled for December 30, 2021, to January 24, 2022, at 11:00 a.m. ET. The adjournment allows CF V, Nettar Group Inc. (d/b/a Satellogic), and a potential third-party investor additional time to finalize terms for significant PIPE financing for the combined entity. The meeting aims to vote on the Business Combination Proposal as detailed in CF V's proxy statement filed with the SEC on November 12, 2021. No assurance is given that the definitive agreement will be executed.
Satellogic announced the construction of a new high-throughput satellite manufacturing facility in the Netherlands, designed to enhance its satellite assembly capacity. The facility, covering 57,000 square feet, is strategically located in Berkel en Rodenrijs, benefiting from a skilled workforce and excellent logistics. Operations are led by Gustav Wenhold, who has over 20 years of aerospace manufacturing experience. The plant is expected to commence production by Q2 2022, aiming for a capacity of 25 satellites per quarter by Q3 2023. This move aligns with Satellogic's plans to maintain 300 satellites in orbit, supported by a merger with CF Acquisition Corp. V (CFV).
Satellogic has announced the appointment of six new members to its Board of Directors, enhancing its leadership mainly as it prepares for a public listing via a merger with CF Acquisition Corp. V (CFV). This board will include industry veterans from organizations like NASA, Boeing, and Google, providing key expertise in technology and commercial operations. The merger is expected to finalize in Q4 2021, positioning Satellogic to expand its satellite constellation and strengthen its market presence in sub-meter resolution satellite imagery.
CF Acquisition Corp. V (Nasdaq: CFV) has adjourned its special stockholders' meeting originally scheduled for December 8, 2021, to December 20, 2021, aiming to further discuss potential financing for its merger with Nettar Group Inc. (d/b/a Satellogic). This meeting focuses on voting for the Business Combination Proposal, as detailed in the proxy statement filed with the SEC on November 12, 2021. Shareholders are urged to review all relevant filings with the SEC regarding the transaction.
CF Acquisition Corp. V has called a special stockholders' meeting on December 8, 2021, to approve its business combination with Satellogic, a leader in Earth observation technology. The SEC has declared effective Satellogic's registration statement, facilitating the merger. If approved, Satellogic's shares will trade on Nasdaq under the symbols SATL and SATLW. The meeting aims to secure stockholder votes and finalize the process swiftly.
Satellogic, a leader in satellite data collection, has entered into a merger agreement with CF Acquisition Corp. V (CFV) to become publicly traded. The transaction, valued at $850 million, is expected to close in Q4 2021, pending regulatory approval. Satellogic operates 17 satellites, capturing data at a superior scale and cost efficiency compared to competitors. With a total addressable market exceeding $140 billion, they aim to deploy over 300 satellites by 2025, enhancing global data access for addressing critical issues like climate change and resource management.
