Satellogic (NASDAQ: SATL) cuts at-the-market stock capacity to zero

Rhea-AI Filing Summary

Satellogic Inc. is amending its at-the-market stock offering program by reducing the amount of Class A common stock registered under its existing prospectus to $0.00. This change means the company cannot sell additional shares under the current prospectus supplement through its sales agents, Cantor Fitzgerald & Co. and Northland Securities, Inc., unless a new prospectus supplement is filed with the SEC.

Under the prior at-the-market setup, Satellogic had initially registered up to $50,000,000 of Class A common stock and later reduced this to up to $15,000,000 from October 16, 2025, excluding earlier sales. From December 20, 2024 through the date of this supplement, the company sold 2,452,704 shares for aggregate gross proceeds of $9,505,845. The Class A common stock trades on the Nasdaq Capital Market under the symbol SATL, with a last reported sale price of $5.25 per share on January 23, 2026.

Filed Pursuant to Rule 424(b)(5)

Registration Statement No. 333-283719

Prospectus Supplement

(To Prospectus dated March 31, 2025)

SATELLOGIC INC.

Class A Common Stock

This prospectus supplement updates and amends certain information contained in the prospectus supplement, dated October 16, 2025, the prospectus supplement, dated April 9, 2025, the prospectus supplement, dated February 13, 2025, the prospectus supplement, dated December 20, 2024, and the accompanying prospectus, dated March 31, 2025 (together, the “Prospectus”), relating to the sale of shares of Class A common stock, par value $0.0001 per share (the “Class A Common Stock”) by Satellogic Inc. (the “Company”) from time to time to or through Cantor Fitzgerald & Co. and Northland Securities, Inc., acting as sales agents pursuant to that certain Second Amended and Restated Sales Agreement, dated April 9, 2025, by and among the Company, Cantor and Northland (the “Sales Agreement”), in sales deemed to be “at the market offerings” as defined in Rule 415 promulgated under the Securities Act of 1933, as amended.

This prospectus supplement should be read in conjunction with the Prospectus and is qualified by reference to the Prospectus, except to the extent that the information presented herein supersedes the information contained in the Prospectus. This prospectus supplement is not complete without, and may only be delivered or used in connection with, the Prospectus, including any amendments or supplements thereto.

The Class A Common Stock is listed on The Nasdaq Capital Market under the symbol “SATL.” On January 23, 2026, the last reported sale price of the Class A Common Stock was $5.25 per share.

Under the Prospectus, we initially registered up to $50,000,000 of the Class A Common Stock for offer and sale pursuant to the Sales Agreement, not inclusive of amounts previously sold. From December 20, 2024 through the date of this prospectus supplement, we sold an aggregate of 2,452,704 shares of Class A Common Stock for an aggregate gross purchase price of $9,505,845 under the Prospectus. On October 16, 2025, we decreased the amount of the Class A Common Stock that we were offering pursuant to the Sales Agreement, such that we were offering up to an aggregate of $15,000,000 of shares of Class A Common Stock for sale under the Sales Agreement from and after the date thereof, not including the shares of Class A Common Stock previously sold. We are filing this prospectus supplement to amend the Prospectus to reduce the amount of Class A Common Stock registered under the Prospectus to $0.00. As a result, we may not make any sales of Class A Common Stock pursuant to the Sales Agreement unless and until a new prospectus supplement is filed with the Securities and Exchange Commission; however the Sales Agreement remains in full force and effect.

Investing in Class A Common Stock involves risks that are described in the “Risk Factors” sections in the documents incorporated by reference into this prospectus supplement.

The Company is an “emerging growth company” under applicable federal securities laws and is subject to reduced public company reporting requirements

Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of the securities to be issued under this prospectus or determined if this prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

Cantor Northland Capital Markets

The date of this prospectus supplement is January 26, 2026

FAQ

What change does Satellogic Inc. (SATL) make in this prospectus supplement?

Satellogic Inc. amends its at-the-market offering program by reducing the amount of Class A common stock registered under its existing prospectus to $0.00. As a result, it may not make any sales of Class A common stock under the current Sales Agreement prospectus unless and until a new prospectus supplement is filed with the SEC.

How much Class A common stock has Satellogic (SATL) already sold under this at-the-market program?

From December 20, 2024 through the date of this prospectus supplement, Satellogic sold an aggregate of 2,452,704 shares of Class A common stock for an aggregate gross purchase price of $9,505,845 under the at-the-market program described in the Prospectus.

What were the previously registered amounts under Satellogic’s at-the-market offering?

Under the Prospectus, Satellogic initially registered up to $50,000,000 of Class A common stock for offer and sale pursuant to the Sales Agreement. On October 16, 2025, it decreased this amount so that it was offering up to an aggregate of $15,000,000 of Class A common stock, not including shares previously sold.

Can Satellogic (SATL) still use its Sales Agreement with Cantor and Northland after this change?

The Second Amended and Restated Sales Agreement with Cantor Fitzgerald & Co. and Northland Securities, Inc. remains in full force and effect. However, Satellogic may not make any sales of Class A common stock under that agreement unless and until a new prospectus supplement is filed with the Securities and Exchange Commission.

On which exchange is Satellogic Inc. Class A common stock listed and what was the recent price?

Satellogic’s Class A common stock is listed on The Nasdaq Capital Market under the symbol SATL. On January 23, 2026, the last reported sale price of the Class A common stock was $5.25 per share.

What risk disclosures does Satellogic reference in connection with this Class A common stock offering?

Investing in Satellogic’s Class A common stock involves risks described in the “Risk Factors” sections in the documents incorporated by reference into this prospectus supplement. The company also notes that it is an “emerging growth company” and subject to reduced public company reporting requirements.