Satellogic Inc SEC Filings

Satellogic Inc. (SATL) set its 2025 Annual Meeting for December 8, 2025 at 1:00 p.m. ET, to be held virtually. Stockholders will vote on three items: elect three Class I directors (Ted Wang, Steven T. Mnuchin, and Joseph F. Dunford, Jr.) for terms expiring in 2028; ratify Ernst & Young LLP as independent auditor for Fiscal 2025; and approve an amended and restated Incentive Compensation Plan.

The equity plan proposal would increase authorized shares under the plan by 4,264,986, taking the pool from 8,475,601 to 12,740,587. As of October 15, 2025, 1,464,098 shares were available for new awards, average burn rate over the last three fiscal years was 2.83%, and overhang would move from 5.99% to 9.37% if approved. The Board states this is intended to attract, retain, and motivate talent.

The record date is October 15, 2025. As of that date, Class A shares outstanding were 97,185,435 (one vote per share) and Class B shares outstanding were 10,582,641 (1.472467906 votes per share). The Board unanimously recommends voting FOR all three proposals.

Satellogic Inc. completed an underwritten public offering of 27,692,308 Class A shares at $3.25 per share, with expected gross proceeds of approximately $90 million before fees. The underwriters received a 30‑day option to purchase up to 4,153,846 additional shares.

All shares were sold by the company, and the offering closed on October 17, 2025. The deal was conducted under an effective Form S‑3 shelf (No. 333‑283719) via preliminary and final prospectus supplements, with Cantor Fitzgerald & Co. acting as representative of the underwriters.

Satellogic Inc. amended its at-the-market program to offer up to $15,000,000 of Class A common stock, to be sold from time to time through Cantor Fitzgerald & Co. and Northland Securities, Inc. under a Sales Agreement. These sales are deemed “at the market offerings” under Rule 415.

Under the Prospectus, the company initially registered up to $50,000,000. From December 20, 2024 through the date of this supplement, it sold 2,452,704 shares for an aggregate gross purchase price of $9,505,845. As of this supplement, the company is offering up to an aggregate of $15,000,000 from and after the date hereof, not including shares previously sold.

The Class A Common Stock trades on Nasdaq as SATL. The last reported sale price was $4.14 per share on October 15, 2025.

Satellogic Inc. (SATL) insider transaction: CEO, Director and 10% owner Emiliano Kargieman reported open market sales of Class A common stock executed under a Rule 10b5-1 trading plan adopted on June 23, 2025. On 10/14/2025, he sold 11,040 shares at $4.0005, leaving 1,606,603 shares beneficially owned. On 10/15/2025, he sold 283,121 shares at $4.0754, leaving 1,323,482 shares beneficially owned. The filing was made by one reporting person.

Satellogic Inc. priced a primary offering of 27,692,308 shares of Class A common stock at $3.25 per share under a Rule 424(b)(5) prospectus supplement. The company granted underwriters a 30‑day option to purchase up to 4,153,846 additional shares on the same terms. The offering size implies gross proceeds of $90,000,000 and proceeds to the company, before expenses, of $85,500,000; the company estimates net proceeds of $84.9 million.

Shares outstanding were 94,661,906 before the transaction and are expected to be 122,354,214 after the offering (126,508,060 if the option is exercised). Net proceeds will be used for general corporate purposes. The filing highlights risk factors including stock price volatility, potential dilution, and a going concern uncertainty tied to cash needs. Cantor Fitzgerald & Co. is a joint book‑runner and is deemed to have a conflict of interest under FINRA Rule 5121.

Satellogic Inc. (Nasdaq: SATL) launched a primary underwritten offering of its Class A common stock via a preliminary prospectus supplement. The company has granted the underwriters a 30‑day option to purchase additional shares on the same terms. Proceeds will go to the company.

The filing notes 94,661,906 shares of Class A Common Stock outstanding before the offering. The company intends to use net proceeds for general corporate purposes, including working capital, capex, debt repayment or redemption, and potential acquisitions. Cantor Fitzgerald & Co. is a joint book‑runner; because an affiliate beneficially owns more than 10% of the company’s Class A common stock, the deal will be conducted in compliance with FINRA Rule 5121.

The risk section highlights liquidity pressure: cash and cash equivalents were $32.6 million as of June 30, 2025 and an estimated $28.3 million as of September 30, 2025, alongside an accumulated deficit. The company states there is substantial doubt about its ability to continue as a going concern without additional funding. Recent developments include the launch of the NexGen high‑resolution satellite and new partnerships in India/Nepal and for non‑Earth imagery access.

Satellogic Inc. (SATL) furnished preliminary, unaudited results for the three and nine months ended September 30, 2025, via an Item 2.02 update. Management emphasized these figures are estimates and remain subject to the completion of quarterly closing procedures and the finalization of the consolidated financial statements, and changes may be material.

The company’s independent registered public accounting firm has not audited, reviewed, or performed procedures on these preliminary results and provides no assurance. The information is furnished, not filed, under the Exchange Act and is not subject to Section 18 liabilities, nor incorporated by reference unless specifically stated.

Insider sales under a 10b5-1 plan reduced Emiliano Kargieman's direct holdings in Satellogic (SATL). The CEO, who also is a director and 10% owner, sold a total of $4.03–$4.0946-priced Class A shares across three transactions on 10/08/2025, 10/09/2025, and 10/10/2025

Combined sales of 402,303 shares left Mr. Kargieman with 1,617,643 Class A shares beneficially owned after the trades. The filing states the sales were executed pursuant to a Rule 10b5-1 trading plan adopted on 6/23/2025, indicating the trades were pre‑planned rather than ad hoc.