Satellogic prices $90 million stock offering at $3.25 per share

Satellogic Inc. (NASDAQ: SATL) announced the pricing of its underwritten public offering of 27,692,308 shares of Class A common stock at $3.25 per share. The earth observation data company expects gross proceeds of approximately $90 million before deducting underwriting discounts, commissions and other offering expenses.

The company granted underwriters a 30-day option to purchase up to 4,153,846 additional shares on the same terms. The offering is expected to close on or about October 17, 2025, subject to customary closing conditions.

Cantor and Titan Partners Group serve as joint bookrunning managers for the offering, while Craig-Hallum and Northland Capital Markets act as co-managers.

Satellogic plans to use the net proceeds for general corporate purposes. The shares are being offered through a shelf registration statement on Form S-3 that the Securities and Exchange Commission declared effective on March 31, 2025.

The company operates as a vertically integrated geospatial company providing sub-meter resolution earth observation data. Founded in 2010, Satellogic develops satellite imaging technology and maintains a constellation for collecting high-resolution planetary data.

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