Company: SATLW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001874315-25-000014
Chunk: 107

Company: Satellogic Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 8
Chunk 107
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◦Time to expiry: 1.6 years◦Volatility: 85.0%◦Risk free rate of return: 3.8%•The fair value of the Sponsor Earnout has been estimated using the Monte Carlo model. Significant unobservable inputs include:◦Time to expiry: 1.6 years◦Volatility: 85%◦Risk free rate of return: 3.8%•The fair values of the Secured Convertible Notes is determined by using the “with” method. At each measurement date we valued the Secured Convertible Notes with the conversion option. The difference between the aggregate fair value of the Secured Convertible Notes and the unpaid principal balance was $67.7 million at June 30, 2025. Inputs used for the fair value measurement include:◦Credit spread – 25.00% to 37.50%◦Volatility: 50%◦Risk free rate of return: 3.7%Changes in the fair value of Level 3 assets during the three months ended June 30, 2025 were as follows:OS warrantsAt December 31, 2024$322 Remeasurement gain/(loss)(1)236 Foreign currency translation adjustment91 At June 30, 2025$649 (1) Recognized in the Condensed Consolidated Statements of Operations and Comprehensive Loss as change in fair value of financial instruments for the six months ended June 30, 2025.

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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) 

Changes in the fair value of Level 3 liabilities during the three months ended June 30, 2025 and 2024 were as follows:Liberty Warrants and Liberty Advisory Fee WarrantPIPE WarrantSponsor EarnoutSecured Convertible NotesAt December 31, 2023$2,017 $97 $419 $— Issues— — — 30,000 Remeasurement (gain)/loss(1)(933)(41)(206)6,430 At June 30, 2024$1,084 $56 $213 36,430 At December 31, 2024$8,012 $471 $1,501 $79,070 Interest payments—