Company: SATLW
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001628280-25-014951
Chunk: 5

Company: Satellogic Inc.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 5
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22 1,126 Non-cash change in contract liabilities(1,323)1,188 Other, net234 666 Changes in operating assets and liabilities:Accounts receivable(1,126)(385)Prepaid expenses and other current assets(1,666)2,114 Accounts payable(2,356)1,533 Contract liabilities2,532 598 Accrued expenses and other liabilities7,200 (2,059)Operating lease liabilities(2,024)(2,233)Cash paid for interest on Secured Convertible Notes(1,525)— Net cash used in operating activities(35,890)(49,571)Cash flows from investing activities:Purchases of property and equipment(5,038)(14,885)Other6 450 Net cash used in investing activities(5,032)(14,435)Cash flows from financing activities:Proceeds from Secured Convertible Notes30,000 — Payments of debt issuance costs(2,397)— Tax withholding payments for vested equity-based compensation awards(660)(458)Proceeds from exercise of Public Warrants1 — Proceeds from PIPE Investment, net of transaction costs9,600 — Proceeds from exercise of stock options911 375 Net cash provided by (used in) financing activities37,455 (83)Net (decrease) increase in cash, cash equivalents and restricted cash(3,467)(64,089)Effect of foreign exchange rate changes2,546 10,900 Cash, cash equivalents and restricted cash - beginning of period24,603 77,792 Cash, cash equivalents and restricted cash - end of period$23,682 $24,603 

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

78

Table of ContentsSATELLOGIC INC. Notes to 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 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”), by and among the Company, CF Acquisition