Satellogic prices 27,692,308-share offering at $3.25 per share

Rhea-AI Filing Summary

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.

Insights

Equity capital markets analyst

Satellogic raised equity capital via an underwritten offering; potential dilution depends on total shares outstanding.

Satellogic sold 27,692,308 shares at $3.25 per share, targeting approximately $90 million in gross proceeds. The offering included a 30‑day option for up to 4,153,846 additional shares, which can expand the issuance if exercised by the underwriters.

The transaction was executed off an effective Form S‑3 shelf, using a final prospectus supplement, and closed on October 17, 2025. Because all shares were sold by the company, cash flows accrue to the issuer, less underwriting discounts and expenses.

Investor impact hinges on how proceeds are used and the size of the new issuance relative to shares outstanding, which are not detailed in the excerpt. Actual market effects will reflect holder demand and any exercise of the over‑allotment option.

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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): October 15, 2025

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) 894-4482

(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 Definitive Agreement.

On October 15, 2025, Satellogic Inc. (the “Company”) entered into an Underwriting Agreement (the “Underwriting Agreement”) with Cantor Fitzgerald & Co., as representative of the underwriters named therein (the “Underwriters”), in connection with an underwritten public offering of 27,692,308 shares of the Company’s Class A common stock, par value $0.0001 per share (the “Shares”), at a public offering price of $3.25 per Share.

Under the terms of the Underwriting Agreement, the Company granted the Underwriters a 30-day option to purchase up to 4,153,846 additional Shares. The gross proceeds to the Company from the offering are expected to be approximately $90 million, before deducting underwriting discounts and commissions and other estimated offering expenses payable by the Company. All of the Shares are being sold by the Company. The offering closed on October 17, 2025.

The offering is being made pursuant to the Company’s effective shelf registration statement on Form S-3 (Registration No. 333-283719) previously filed with the Securities and Exchange Commission and declared effective on March 31, 2025, and a preliminary and final prospectus supplement thereunder.

The Underwriting Agreement contains customary representations, warranties and agreements by the Company, customary conditions to closing, indemnification obligations of the Company and the Underwriters, including liabilities arising under the Securities Act of 1933, as amended, other obligations of the parties and termination provisions. The Underwriting Agreement has been filed with this Current Report on Form 8-K to provide investors and security holders with information regarding its terms. It is not intended to provide any other factual information about the Company. The representations, warranties and covenants contained in the Underwriting Agreement were made only for purposes of such agreement and as of specific dates, were solely for the benefit of the parties to such agreement, and may be subject to limitations agreed upon by the contracting parties.

The preceding summary of the Underwriting Agreement is qualified in its entirety by reference to the full text of the Underwriting Agreement, a copy of which is attached as Exhibit 1.1 hereto and incorporated herein by reference.

A copy of the opinion of King & Spalding LLP regarding the validity of the shares of Class A common stock sold in the offering is attached as Exhibit 5.1 hereto and incorporated herein by reference.

Item 9.01.        Financial Statements and Exhibits.

(d)         Exhibits.

1.1	Underwriting Agreement, dated October 15, 2025, by and between Satellogic Inc. and Cantor Fitzgerald & Co.
5.1	Opinion of King & Spalding LLP
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: October 17, 2025

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

FAQ

What did SATL announce in its 8-K?

The company completed an underwritten public offering of 27,692,308 Class A shares at $3.25 per share.

How much does Satellogic (SATL) expect to raise from the offering?

Expected gross proceeds are approximately $90 million before underwriting discounts and expenses.

Is there an over-allotment option in the SATL offering?

Yes. Underwriters have a 30‑day option to purchase up to 4,153,846 additional shares.

Who is selling the shares and who receives the proceeds?

All shares were sold by Satellogic Inc., so proceeds go to the company.

When did the SATL offering close?

The offering closed on October 17, 2025.

Under what registration was the SATL offering made?

It was conducted under an effective Form S‑3 shelf (No. 333‑283719) via preliminary and final prospectus supplements.

Who led the underwriting for SATL?

Cantor Fitzgerald & Co. acted as representative of the underwriters.