Satellogic (NASDAQ: SATL) launches $50M at-the-market stock program

Rhea-AI Filing Summary

Satellogic Inc. entered into a Sales Agreement with Cantor Fitzgerald, Craig-Hallum, Northland Securities and Roth Capital Partners that allows it to sell, from time to time, up to $50,000,000 of its Class A common stock in an at-the-market offering under an effective Form S-3 shelf registration.

The sales will be made through the sales agents in accordance with the company’s instructions, and Satellogic is not obligated to sell any shares. The company will pay the designated agent a fee under the agreement and has provided customary indemnification and expense reimbursement. A related prospectus supplement and legal opinion were also filed.

8-K Event Classification

2 items: 1.01, 9.01

2 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

ATM program size: $50,000,000

1 metrics

ATM program size $50,000,000 Maximum aggregate offering amount of Class A common stock under Sales Agreement

Key Terms

at the market offering, Sales Agreement, prospectus supplement, Form S-3, +1 more

5 terms

at the market offering financial

"deemed to be an “at the market offering” as defined by Rule 415(a)(4)"

An at-the-market offering is a way a company raises cash by selling newly issued shares directly into the open market at prevailing prices, rather than all at once in a single deal. Think of it like turning a faucet on to drip shares into trading at current prices when needed; it gives the company flexibility to raise funds over time but can dilute existing shareholders and potentially affect the stock price, which investors should monitor.

Sales Agreement financial

"entered into a Sales Agreement (the “Sales Agreement”) with Cantor Fitzgerald & Co."

A sales agreement is a written contract that sets out the terms for selling goods, services, or assets, specifying price, delivery, payment schedule and responsibilities of each side. For investors it matters because it creates a predictable stream of revenue or cash obligations, clarifies timing and risk, and can change a company’s value or forecasts much like a signed order turns a customer’s verbal intent into a firm commitment.

prospectus supplement financial

"filed a prospectus supplement, including an accompanying base prospectus"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

Form S-3 regulatory

"forming a part of its registration statement on Form S-3 (File No. 333-294446)"

Form S-3 is a legal document companies use to register their stock sales with the government, making it easier and faster for them to raise money by selling shares to investors. It’s like having a pre-approved shopping list that lets a company quickly sell new shares when they need funds, without going through a lengthy approval process each time.

Emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

Offering Details

ATM

Offering

Offering Type ATM

Understanding 8-K Material Events →

false 0001874315 0001874315 2026-03-30 2026-03-30 0001874315 satl:CommonStockCustomMember 2026-03-30 2026-03-30 0001874315 satl:WarrantsCustomMember 2026-03-30 2026-03-30

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): March 30, 2026

SATELLOGIC INC.

(Exact Name of Registrant as Specified in Charter) 

Delaware	001-41247	98-1845974
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

210 Delburg Street

Davidson, NC 28036
(Address of Principal Executive Offices, and Zip Code)

(704) 802-2041

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communication pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Class A Common Stock	SATL	The Nasdaq Capital Market
Warrants	SATLW	The Nasdaq Capital Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Agreement.

On March 30, 2026, Satellogic Inc. (the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with Cantor Fitzgerald & Co. (“Cantor”), Craig-Hallum Capital Group LLC (“Craig-Hallum”), Northland Securities, Inc. (“Northland”) and Roth Capital Partners, LLC (“Roth Capital” and, together with Cantor, Craig-Hallum and Northland, the “Sales Agents”), pursuant to which the Company may offer and sell, from time to time, through the Sales Agents, shares of its Class A common stock, par value $0.0001 per share (the “Shares”), having an aggregate offering amount of up to $50,000,000. On March 30, 2026, pursuant to the Sales Agreement, the Company filed a prospectus supplement, including an accompanying base prospectus, dated March 27, 2026, forming a part of its registration statement on Form S-3 (File No. 333-294446), initially filed with the Securities and Exchange Commission on March 19, 2026.

The Company is not obligated to sell any Shares under the Sales Agreement. Subject to the terms and conditions of the Sales Agreement, the Sales Agents will use commercially reasonable efforts consistent with their normal trading and sales practices, applicable state and federal law, rules and regulations and the rules of The Nasdaq Capital Market to sell the Shares from time to time based upon the Company’s instructions, including any price, time or size limits specified by the Company. Upon delivery of a placement notice, and subject to the Company’s instructions in that notice, and the terms and conditions of the Sales Agreement generally, the designated Sales Agent may sell the Shares by any method permitted by law deemed to be an “at the market offering” as defined by Rule 415(a)(4) promulgated under the Securities Act of 1933, as amended (the “Securities Act”). The Company will pay the designated Sales Agent, in connection with the sale of the Shares through the designated Sales Agent, in accordance with the fee schedule as set forth in the Sales Agreement. The Company has also agreed to provide the Sales Agents with customary indemnification and to reimburse the Sales Agents for certain specified expenses.

The foregoing summary of the Sales Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Sales Agreement, which is attached as Exhibit 10.1 hereto and incorporated by reference herein.

A copy of the opinion of King & Spalding LLP relating to the legality of the issuance and sale of the Shares is attached as Exhibit 5.1 hereto and incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d)         Exhibits.

5.1	Opinion of King & Spalding LLP
10.1	Sales Agreement, dated March 30, 2026, by and among Satellogic Inc., Cantor Fitzgerald & Co., Craig-Hallum Capital Group LLC, Northland Securities, Inc. and Roth Capital Partners, LLC
23.1	Consent of King & Spalding LLP (included in Exhibit 5.1)
104	Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: March 30, 2026

	SATELLOGIC INC.
	By:		/s/ Rick Dunn
	Name:		Rick Dunn
	Title:		Chief Financial Officer

FAQ

What did Satellogic Inc. (SATL) announce regarding new stock sales?

Satellogic Inc. entered a Sales Agreement with several banks to sell up to $50,000,000 of Class A common stock. These shares may be sold over time in an at-the-market offering under an existing Form S-3 shelf registration and related prospectus supplement.

How much stock can Satellogic Inc. (SATL) sell under the new program?

The Sales Agreement permits Satellogic to offer and sell shares of its Class A common stock with an aggregate offering amount of up to $50,000,000. Sales can occur from time to time through designated sales agents in at-the-market transactions, subject to the company’s instructions.

Who are the sales agents in Satellogic Inc.’s (SATL) at-the-market offering?

The at-the-market program uses Cantor Fitzgerald & Co., Craig-Hallum Capital Group LLC, Northland Securities, Inc. and Roth Capital Partners, LLC as sales agents. Each may sell shares for Satellogic under the Sales Agreement, following company instructions and applicable Nasdaq and securities regulations.

Is Satellogic Inc. (SATL) required to sell shares under this Sales Agreement?

No. Satellogic is not obligated to sell any shares under the Sales Agreement. The arrangement simply allows, but does not require, the company to issue Class A common stock over time through the sales agents, depending on its future decisions and placement notices.

What regulatory filings support Satellogic Inc.’s (SATL) at-the-market program?

The program relies on Satellogic’s registration statement on Form S-3 and a related prospectus supplement dated March 27, 2026. The company also filed an opinion of King & Spalding LLP on the legality of the shares and a Sales Agreement as exhibits.

How will Satellogic Inc. (SATL) compensate the sales agents in this arrangement?

Under the Sales Agreement, Satellogic will pay the designated sales agent fees according to an agreed fee schedule. The company has also agreed to provide customary indemnification and reimburse certain specified expenses incurred by the sales agents in connection with selling the Class A common stock.

Filing Exhibits & Attachments

6 documents

Agreements & Contracts

• EX-10.1 EXHIBIT 10.1 324.4 KB

Other Documents

• EX-5.1 EXHIBIT 5.1 9.2 KB
• EX-101 XBRL TAXONOMY EXTENSION SCHEMA 3.9 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE 13.4 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE 17.5 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE 13.4 KB