Satellogic Inc. - Class A Common Stock (SATL)

Revenue of $3.4 million in 1Q 2025

Agreement Unlocks Advanced Monitoring Capabilities Through Satellogic’s NewSat Fleet and Aleph Platform

NEW YORK, April 16, 2025 (GLOBE NEWSWIRE) -- Satellogic Inc. (NASDAQ: SATL), a leader in high-resolution Earth observation data, announced today that it has closed the purchase and sale of 6,451,612 shares of the Company’s Class A Common Stock at a purchase price of $3.10 in a registered direct offering pursuant to a definitive share purchase agreement entered into with a certain institutional investor on April 15, 2025.

Satellogic High-Resolution EO Data Is Now Available via EarthCache

Leveraging AI-powered on-orbit analytics to deliver frequent and near real-time global defense monitoring to enterprise and national security customers

NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- On March 26, 2025, Satellogic Inc. (NASDAQ: SATL) (the “Company”), consummated its previously announced domestication, pursuant to which the Company changed its jurisdiction of incorporation, domesticating as a corporation incorporated under the laws of the State of Delaware and discontinuing as a business company with limited liability incorporated under the laws of the British Virgin Islands. The Company’s business, assets and liabilities on a consolidated basis, as well as its Board of Directors, the Company’s executive officers, principal business locations (other than its principal executive office) and fiscal year, were the same immediately after the domestication as they were immediately prior to the domestication. Additionally, the Company’s Class A common stock will continue to trade under the ticker symbol “SATL” and its publicly-traded warrants will continue to trade under the ticker symbol “SATLW.”

Revenue up 28% to $12.9 million in 2024

Satellogic Inc. (NASDAQ: SATL), a leader in high-resolution Earth observation data, and Telespazio Brasil, a subsidiary of Telespazio S.p.A, a global leader in satellite services and a joint venture between Leonardo (67%) and Thales (33%) have entered into a multi-year agreement with the Brazilian Air Force (Força Aérea Brasileira, FAB) to provide low-latency satellite imagery for defense and security operations within the Brazilian territory. The contract, with an initial one-year term and one-year extension option, underscores Satellogic’s capabilities in delivering timely, mission-critical insights to international defense customers.

Maxar Intelligence and Satellogic, Inc. (NASDAQ: SATL) have announced a tasking, data licensing and distribution agreement (the “Agreement”) that enhances Maxar’s ability to deliver monitoring and change detection insights in near real-time for the U.S. government and the government’s partners around the world.

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.

Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation data, announced today it has entered into a share purchase agreement with a single institutional investor, pursuant to which the Company has agreed to issue and sell an aggregate 3,571,429 Class A Ordinary Shares (the “Shares”) in a private placement at a purchase price of $2.80 per share, resulting in gross proceeds of approximately $10 million before deducting offering expenses. The Company expects to use the net proceeds from the offering for general corporate purposes. The transaction is expected to close on or before December 10, 2024.

Satellogic Inc. (NASDAQ: SATL) today announced an expansion of its contract with SynMax, a leading U.S. satellite data analytics firm. SynMax will leverage Satellogic’s high-frequency, high-resolution imagery to enhance its Hyperion platform, delivering unparalleled oil and natural gas production monitoring for hedge funds and financial analysts.

Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation data, is proud to announce its selection as one of eight recipients of NASA's Commercial SmallSat Data Acquisition Program (CSDA) On-Ramp1 Multiple Award contract, with a maximum cumulative value of $476 million for all award winners. This award, announced on September 6, 2024, highlights Satellogic’s commitment to delivering high-quality Earth observation data to advance scientific research and enhance life on Earth.

Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation data, is pleased to announce the appointment of Kelly Kennedy to its Board of Directors and as chair of the board’s Audit Committee, effective September 3, 2024. Kelly Kennedy, a seasoned financial executive with over 30 years of experience in finance, operations, and strategic growth, brings a wealth of expertise that will be valuable as she helps to guide Satellogic’s leadership team as an independent board member.

Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today announced that it has been onboarded as a commercial vendor in the Global Data Marketplace (“GDMP”), a real-time e-commerce platform delivering commercially sourced data and data fusion analytics to meet the not classified space awareness needs for the US and international agencies, including US Space Force.

Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today announced the release of a large open dataset of high-resolution imagery, curated from the company’s archive, to support the training of foundation models.

Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today announced that it has signed a letter of intent (the “LOI”) with O.N.E. Amazon, a company focused on creating sustainable impact for the environment and investors by using next-generation technology to bring innovation to conservation. The announcement coincides with Earth Day, amplifying the importance of advancing geospatial sciences for planetary health and preservation.

Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today provided financial results for the year ended December 31, 2023, and a business update.

Satellogic Inc. (NASDAQ: SATL) (“Satellogic” or the “Company”), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today announced that Nettar Group, Inc. (the “Borrower”), a wholly-owned subsidiary of the Company, entered into a Note Purchase Agreement (the “Note Purchase Agreement”) led by Tether Investments Limited (the “Purchaser”), pursuant to which the Borrower agreed to issue floating rate secured convertible promissory notes in the aggregate principal amount of $30 million (the “Secured Convertible Notes”) to the Purchaser (the “Offering”). The net proceeds from the Offering, after deducting transaction fees and other debt issuance costs, were approximately $27.6 million. The Borrower has the ability to issue additional Secured Convertible Notes, provided the aggregate principal amount outstanding does not exceed $50 million.

Tata Advanced Systems Limited (“TASL”), India’s leading private sector player for aerospace and defense solutions, and Satellogic Inc. (NASDAQ: SATL) (“Satellogic”), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today announced the successful deployment into space of TASL’s TSAT-1A satellite aboard the Bandwagon-1 mission, which SpaceX’s Falcon 9 rocket launched from Launch Complex 39A at Kennedy Space Center, Florida, USA, at 23:16 UTC on April 7, 2024.

Uzma, a leading energy and technology company (BURSA:7250.KL), and Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, announced today a groundbreaking collaboration aimed to evolve the landscape of satellite imagery capabilities and geospatial services in Southeast Asia. The agreement includes leveraging a state-of-the-art EO satellite designed and manufactured by Satellogic that is planned to be launched in the second half of 2024 as “UzmaSAT-1” aboard a SpaceX Falcon 9 rocket, and extensive tasking access to the Satellogic constellation.

Tata Advanced Systems Limited (“TASL”), India’s leading private sector player for aerospace and defense solutions, and Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today announced their collaboration for establishing and developing local space technology capabilities in India. This collaboration is a first step in TASL’s satellite strategy and a significant milestone for Satellogic as it enters the fast-growing Indian defense and commercial market.

Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today announced that it has been granted a remote sensing license by the National Oceanic and Atmospheric Administration (“NOAA”) as part of Satellogic’s strategy to capitalize on high-value opportunities in the U.S.

Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation (“EO”) data collection, today provided first half 2023 financial results and a business update.

Skyloom Global Corp., a leader in space-based telecommunications, announced today that it has signed an agreement with Satellogic Inc. (NASDAQ: SATL), a leader in submeter Earth Observation (“EO”) data and satellite technology. The agreement details plans to integrate Skyloom’s Optical Communications Terminal (“OCT”) onto Satellogic satellites.