Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation data, has priced a $90 million public offering of Class A common stock. The company will sell 27,692,308 shares at $3.25 per share, generating expected gross proceeds of approximately $90 million before deductions. Underwriters received a 30-day option to purchase up to an additional 4,153,846 shares on the same terms, with the offering expected to close around October 17, 2025, pending customary closing conditions.
The capital raise represents a significant step in Satellogic's mission to democratize access to geospatial data through its information platform of high-resolution images. The company is building a scalable, fully automated Earth Observation platform designed to remap the entire planet with optimal frequency and resolution at unprecedented unit economics. Satellogic plans to use the net proceeds for general corporate purposes, supporting the continued development of its patented Earth imaging technology that unlocks the power of Earth Observation to deliver high-quality planetary insights at unparalleled value.
The offering's importance extends beyond corporate financing to address critical global challenges. Satellogic's platform provides accessible and affordable solutions that help solve pressing worldwide problems including climate change, energy supply, and food security. By making high-resolution geospatial data more widely available, the company enables better monitoring and understanding of environmental changes, resource distribution, and agricultural patterns across the globe. With more than a decade of experience in space, Satellogic has established proven technology and a strong track record of delivering satellites to orbit and high-resolution data to customers at competitive price points.
Cantor and Titan Partners Group, a division of American Capital Partners, are acting as joint bookrunning managers for the offering, while Craig-Hallum and Northland Capital Markets serve as co-managers. The successful pricing of this offering demonstrates investor confidence in Satellogic's business model and its potential to transform how Earth Observation data is collected and utilized. For additional information about the company's technology and mission, visit https://satellogic.com/.
