Company: SATLW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001628280-25-025087
Chunk: 53

Company: Satellogic Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 53
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Payments for withholding taxes related to the net share settlement of equity awards(375)(184)Proceeds from issuance of Common Stock under ATM Program, net of transaction costs1,143 — Proceeds from exercise of stock options916 — Net cash provided by (used in) financing activities1,684 (184)Net (decrease) increase in cash, cash equivalents and restricted cash(4,951)(12,241)Effect of foreign exchange rate changes on cash and cash equivalents177 542 Cash, cash equivalents and restricted cash - beginning of period23,682 24,603 Cash, cash equivalents and restricted cash - end of period$18,908 $12,904 

The accompanying notes are an integral part of the Condensed Consolidated Financial Statements.

9

Table of ContentsSATELLOGIC INC. Notes to Condensed Consolidated Financial Statements (in thousands of U.S. dollars, except share and per share information, unless otherwise stated) 

1. Nature of the Business and Basis of Presentation

Nature of the BusinessOn January 25, 2022 (the “Closing Date”), Satellogic Inc. (“Satellogic” or the “Company”), a British Virgin Islands (“BVI”) business company incorporated in the BVI as a company limited by shares, consummated the transactions contemplated by the Agreement and Plan of Merger dated as of July 5, 2021 (the “Merger Agreement,” and the transactions consummated pursuant thereto, the “Merger”), by and among the Company, CF Acquisition Corp. V, a Delaware corporation (“CF V” and now known as “Satellogic V Inc.”), Ganymede Merger Sub 1 Inc., a BVI business company incorporated in the BVI as a company limited by shares and a direct wholly owned subsidiary of the Company, Ganymede Merger Sub 2 Inc., a Delaware corporation and a direct wholly owned subsidiary of the Company, and Nettar Group Inc., a BVI business company incorporated in the BVI as a company limited by shares and a direct wholly-owned subsidiary of the Company (“Nettar” or the “Borrower”). Nettar was, prior to the Merger, the holding company of the Satellogic group and was incorporated on October 7, 2014, under the laws of the BVI as a company limited by shares. The registered office of Satellogic is located at Kingston Chambers BOX 173 C/O Map