Satellogic Announces Pricing of $90 Million Public Offering of Class A Common Stock

Rhea-AI Summary

Satellogic (NASDAQ: SATL) priced an underwritten public offering of 27,692,308 shares of Class A common stock at $3.25 per share, with gross proceeds expected to be approximately $90 million before fees. The underwriters have a 30‑day option to purchase up to 4,153,846 additional shares on the same terms. The offering is expected to close on or about October 17, 2025, subject to customary closing conditions.

The shares are being sold by the company under a Form S‑3 shelf registration declared effective on March 31, 2025. The company anticipates using net proceeds for general corporate purposes. A preliminary prospectus supplement was filed with the SEC on October 15, 2025.

Positive

• Gross proceeds of approximately $90 million
• Offering priced at $3.25 per share for 27,692,308 shares
• Underwriters include Cantor and Titan Partners Group

Negative

• Issuance of 27,692,308 new shares will increase outstanding share count
• Underwriters' 30‑day option could add 4,153,846 shares

Insights

Capital Markets Strategist

Equity raise priced at $3.25 for ~$90 million; dilutive but provides near-term liquidity.

Sale of 27,692,308 Class A shares at $3.25 plus a 30-day greenshoe creates gross proceeds of about $90 million. The transaction uses an existing Form S-3 shelf and is market-standard in structure with underwriters and customary closing conditions; all shares are being sold by the company rather than selling stockholders.

Key dependencies include successful closing on or about October 17, 2025 and whether the underwriters exercise the additional 4,153,846-share option. The primary immediate effect is dilution to existing holders offset by increased corporate liquidity; the net impact hinges on how management deploys proceeds for general corporate purposes. Watch the final prospectus supplement for underwriting discounts, use-of-proceeds detail, and timing of cash availability over the next 30 days.

Corporate Finance Analyst

Provides balance-sheet flexibility but reduces ownership concentration; impact depends on spend discipline.

The offering converts future funding needs into immediate cash by issuing equity under an effective shelf registration. Gross proceeds are stated at ~$90 million before underwriting fees and expenses, so net cash will be materially lower; the press release does not disclose fees or net proceeds.

Risks center on dilution, fee drag, and lack of earmarked use—management cites "general corporate purposes," so investors must monitor subsequent filings. Concrete items to watch: the final prospectus supplement for net proceeds and fees, whether the underwriter option is exercised within 30 days, and any near-term 8-K or Form 8-A updates around October 17, 2025.

NEW YORK, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data, announced today the pricing of its underwritten public offering of 27,692,308 shares of Class A common stock, at a public offering price of $3.25 per share. The Company has also granted the underwriters a 30-day option to purchase up to 4,153,846 additional shares of Class A common stock on the same terms. The gross proceeds to the Company from this offering are expected to be approximately $90 million, before deducting the underwriting discounts and commissions and other estimated offering expenses payable by the Company, and assuming no exercise of the underwriters' option to purchase additional shares of Class A common stock. The offering is expected to close on or about October 17, 2025, subject to satisfaction of customary closing conditions. 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. Craig-Hallum and Northland Capital Markets are acting as co-managers for the offering.

The Company anticipates using the net proceeds from the offering for general corporate purposes.

The shares of Class A common stock are being offered by the Company pursuant to a “shelf” registration statement on Form S-3 (File No. 333-283719) previously filed with the Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on March 31, 2025. A preliminary prospectus supplement and the accompanying prospectus relating to the shares of Class A common stock being offered have been filed with the SEC on October 15, 2025 and are available on the SEC's website at http://www.sec.gov. The public offering of Class A common stock is being made only by means of a prospectus supplement and accompanying prospectus. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement filed on October 15, 2025, the final prospectus supplement once available, and other documents the issuer has filed with the SEC for more complete information about the Company and this offering. A final prospectus supplement will be filed with the SEC and will be available on the SEC’s website at http://www.sec.gov. Electronic copies of the final prospectus supplement (when available) and accompanying prospectus may be obtained from Cantor Fitzgerald & Co., Attention: Capital Markets, 110 East 59th Street, 6th Floor, New York, New York 10022, or by e-mail at prospectus@cantor.com, or from Titan Partners Group LLC, Attention: Titan Partners Group LLC, a division of American Capital Partners, 4 World Trade Center, 49th Floor, New York, New York 10007, or by phone at (929) 833-1246 or by email at prospectus@titanpartnersgrp.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy Class A common stock, nor shall there be any sale of Class A common stock in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. Any offer, solicitation or sale of Class A common stock will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

About Satellogic

Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic (NASDAQ: SATL) is the first vertically integrated geospatial company, driving real outcomes with planetary-scale insights. Satellogic is building a scalable, fully automated EO platform with the ability, when scaled, to remap the entire planet with an optimal balance of frequency and resolution at unprecedented unit economics, providing accessible and affordable solutions for our customers.

Satellogic’s mission is to democratize access to geospatial data through its information platform of high-resolution images to help solve the world’s most pressing problems including climate change, energy supply, and food security. Using its patented Earth imaging technology, Satellogic unlocks the power of EO to deliver high-quality, planetary insights at unparalleled value.

With more than a decade of experience in space, Satellogic has proven technology and a strong track record of delivering satellites to orbit and high-resolution data to customers at the right price point.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Satellogic’s current expectations and beliefs concerning future developments and their potential effects on Satellogic and include statements concerning Satellogic’s public offering, including the size and timing of the public offering, the granting of an option by the Company to the underwriters to purchase additional shares of Class A common stock from the Company and the proposed use of proceeds of the public offering. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve, and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Satellogic. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to, the risks and uncertainties described in the “Risk Factors” section of Satellogic’s Annual Report on Form 10-K and other documents filed or to be filed by Satellogic from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Satellogic assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Satellogic can give no assurance that it will achieve its expectations.

Media Contacts

Investor Relations:
ir@Satellogic.com

Media Relations:
Satellogic
pr@Satellogic.com

FAQ

How many shares did Satellogic (SATL) offer in the October 16, 2025 offering?

Satellogic offered 27,692,308 shares of Class A common stock.

What price per share did Satellogic (SATL) set for the October 2025 offering?

The public offering price was set at $3.25 per share.

How much gross capital will Satellogic (SATL) raise from the offering?

Gross proceeds to the company are expected to be approximately $90 million before fees.

When is the Satellogic (SATL) offering expected to close?

The offering is expected to close on or about October 17, 2025, subject to customary closing conditions.

Will the Satellogic (SATL) underwriters have an option to buy more shares?

Yes. Underwriters have a 30‑day option to purchase up to 4,153,846 additional shares on the same terms.

What will Satellogic (SATL) use the net proceeds from the offering for?

The company expects to use net proceeds for general corporate purposes.

Where can investors find the Satellogic (SATL) prospectus for the October 2025 offering?

A preliminary prospectus supplement was filed with the SEC on October 15, 2025; final prospectus will be available on the SEC website.