Company: SATLW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001874315-25-000014
Chunk: 47

Company: Satellogic Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 1
Chunk 47
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1.8%)(5.7%)The difference between the U.S. federal statutory income tax rate of 21% and the Company’s effective income tax rate for the six months ended June 30, 2025 and 2024 was primarily impacted by a variety of factors including the location in which income was earned, the recognition of a full deferred tax asset valuation allowance in various jurisdictions, and interest and penalties related to uncertain tax positions.On July 4, 2025, the One Big Beautiful Bill Act ("OBBBA") was enacted. The OBBBA makes significant tax law changes and modifications, such as the permanent extension of certain expiring provisions of the Tax Cuts and Jobs Act and the restoration of favorable tax treatment for certain business provisions, including allowing accelerated tax deductions for qualified property and equipment expenditures and the business interest expense limitation. The legislation has multiple effective dates, with certain provisions effective in 2025 and others implemented through 2027. The Company is currently assessing the potential impacts on its consolidated financial position, results of operations and cash flows.

11. Stock-based Compensation

A summary of stock option activity for the six months ended June 30, 2025 is as follows: Number of OptionsWeighted-Average Exercise PriceWeighted-Average Remaining Contractual Term (years)Outstanding at December 31, 20243,234,296$1.50 4.55Granted ——Forfeited (335)8.22 Exercised(1,236,659)1.08 Expired (2,025)8.22 Outstanding at June 30, 20251,995,277$1.78 4.16Exercisable at June 30, 20251,985,640$1.75 4.15A summary of RSU activity for the six months ended June 30, 2025 is as follows:Number of RSUsWeighted Average Grant-Date ValueOutstanding unvested RSUs at December 31, 20242,893,396$1.40 Granted during the year2,059,3823.54 Forfeited during the year(210,149)2.00 Vested during the year (1)(1,178,430)1.28 Outstanding unvested RSUs at June 30, 20253,564,199$2.64 

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Table of ContentsSATELLOGIC INC. Notes to Condensed Consolid