Davidson Kempner trims Satellogic (SATL) stake to 1.76% ownership

Rhea-AI Filing Summary

Satellogic Inc. received a Schedule 13G showing that investment firms associated with Davidson Kempner, led by Anthony A. Yoseloff, collectively report beneficial ownership of 2,325,878 Class A common shares, equal to 1.76% of the company. This percentage is based on 132,284,092 shares outstanding, including stock issued in a recent offering. The filers note they may previously have held over 5% but now own 5% or less and certify the shares are not held to change or influence control of Satellogic.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Satellogic Inc.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

80401C100

(CUSIP Number)

01/26/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 80401C100

1

Names of Reporting Persons

M.H. Davidson & Co.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 50,006.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 50,006.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

50,006.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.04 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 80401C100

1

Names of Reporting Persons

Davidson Kempner Arbitrage, Equities & Relative Value LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,275,872.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,275,872.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,275,872.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.72 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 80401C100

1

Names of Reporting Persons

Davidson Kempner Capital Management LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,325,878.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,325,878.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,325,878.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.76 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. 80401C100

1

Names of Reporting Persons

Anthony A. Yoseloff

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,325,878.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,325,878.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,325,878.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

1.76 %

12

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Satellogic Inc.
(b)	Address of issuer's principal executive offices: 210 Delburg Street, Davidson, NC 28036
Item 2.
(a)	Name of person filing: This Statement is filed by each of the entities and persons listed below, all of whom together are referred to herein as the "Reporting Persons": (i) M.H. Davidson & Co., a New York limited partnership ("CO"). M.H. Davidson & Co. GP, L.L.C., a Delaware limited liability company ("CO GP"), is the general partner of CO and Davidson Kempner Liquid GP Topco LLC, a Delaware limited liability company, is the managing member of CO GP. DKCM (as defined below) is responsible for the voting and investment decisions of CO; (ii) Davidson Kempner Arbitrage, Equities and Relative Value LP, a Cayman Islands exempted limited partnership ("DKAERV"). Davidson Kempner Multi-Strategy GP II LLC, a Delaware limited liability company ("DKAERV GP"), is the general partner of DKAERV and Davidson Kempner Liquid GP Topco LLC, a Delaware limited liability company, is the managing member of DKAERV GP. DKCM is responsible for the voting and investment decisions of DKAERV; (iii) Davidson Kempner Capital Management LP, a Delaware limited partnership and a registered investment adviser with the U.S. Securities and Exchange Commission, acts as investment manager to each of CO and DKAERV ("DKCM"). DKCM GP LLC, a Delaware limited liability company, is the general partner of DKCM. The managing members of DKCM are Anthony A. Yoseloff, Conor Bastable, Morgan P. Blackwell, Patrick W. Dennis, Gabriel T. Schwartz, Zachary Z. Altschuler, Joshua D. Morris, Suzanne K. Gibbons, Gregory S. Feldman, Melanie Levine and James Li; and (iv) Anthony A. Yoseloff, through DKCM, is responsible for the voting and investment decisions relating to the Class A common stock, par value $0.0001 per share ("Class A Common Stock"), of Satellogic Inc. (the "Company") held by CO and DKAERV.
(b)	Address or principal business office or, if none, residence: The address of the principal business office of each of the Reporting Persons is c/o Davidson Kempner Capital Management LP, 9 West 57th Street, 29th Floor, New York, NY 10019.
(c)	Citizenship: (i) CO - a New York limited partnership (ii) DKAERV - a Cayman Islands exempted limited partnership (iii) DKCM - a Delaware limited partnership (iv) Anthony A. Yoseloff - United States
(d)	Title of class of securities: Class A Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 80401C100
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The percentages set forth in this Schedule 13G are calculated based upon an aggregate of 132,284,092 shares of Class A Common Stock outstanding, which is the sum of (i) 7,399,578 shares of Class A Common Stock issued in the offering described in the Company's Prospectus filed pursuant to Rule 424(b)(5) with the Securities and Exchange Commission (the "SEC") on January 27, 2026 and (ii) 124,884,514 shares of Class A Common Stock outstanding as of October 31, 2025, as reported in the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025, filed with the SEC on November 10, 2025. As of the date of the event which requires the filing of this Schedule 13G, the Reporting Persons may have been deemed to beneficially own more than 5% of the shares of Class A Common Stock outstanding.
(b)	Percent of class: 1.76%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

M.H. Davidson & Co.

Signature:	/s/ Anthony A. Yoseloff
Name/Title:	Anthony A. Yoseloff, Executive Managing Member of Davidson Kempner Liquid GP Topco LLC, Managing Member of CO GP, General Partner of CO
Date:	01/30/2026

Davidson Kempner Arbitrage, Equities & Relative Value LP

Signature:	/s/ Anthony A. Yoseloff
Name/Title:	Anthony A. Yoseloff, Executive Managing Member of Davidson Kempner Liquid GP Topco LLC, Managing Member of DKAERV GP, General Partner of DKAERV
Date:	01/30/2026

Davidson Kempner Capital Management LP

Signature:	/s/ Anthony A. Yoseloff
Name/Title:	Anthony A. Yoseloff, Executive Managing Member
Date:	01/30/2026

Anthony A. Yoseloff

Signature:	/s/ Anthony A. Yoseloff
Name/Title:	Anthony A. Yoseloff, Individually
Date:	01/30/2026

Exhibit Information

99.1 Joint Filing Agreement

FAQ

What ownership stake in Satellogic (SATL) does Davidson Kempner report?

Davidson Kempner-affiliated entities report beneficial ownership of 2,325,878 Satellogic Class A shares, representing 1.76% of the company. This reflects their current passive institutional stake as disclosed in the Schedule 13G filing.

How was the 1.76% Satellogic (SATL) ownership percentage calculated?

The 1.76% figure is based on 132,284,092 Satellogic Class A shares outstanding. That total combines 7,399,578 shares issued in a prospectus offering and 124,884,514 shares outstanding as of October 31, 2025, from Satellogic’s quarterly report.

Which entities are the reporting persons in the Satellogic (SATL) Schedule 13G?

The reporting persons are M.H. Davidson & Co., Davidson Kempner Arbitrage, Equities and Relative Value LP, Davidson Kempner Capital Management LP, and Anthony A. Yoseloff, who oversees voting and investment decisions for the Satellogic shares held by the investment entities.

Did Davidson Kempner previously own more than 5% of Satellogic (SATL)?

The filing states that as of the relevant event date, the reporting persons may have been deemed to beneficially own more than 5% of Satellogic’s Class A shares. As of this filing, they report ownership of 5% or less of the class.

Is Davidson Kempner seeking control of Satellogic (SATL) with this stake?

No. The certification explicitly states the Satellogic securities were not acquired and are not held for the purpose of changing or influencing control of the issuer, consistent with a passive Schedule 13G filing status.

Who has voting and investment power over the Satellogic (SATL) shares reported?

The filing explains that Davidson Kempner Capital Management LP acts as investment manager to the holding entities, and Anthony A. Yoseloff is responsible, through that structure, for voting and investment decisions related to the reported Satellogic Class A shares.