Company: SATLW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001874315-25-000014
Chunk: 27

Company: Satellogic Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 1
Chunk 27
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,154)Net cash used in operating activities(9,064)(23,891)Cash flows from investing activities:Purchases of property and equipment(2,689)(3,334)Other— 14 Net cash used in investing activities(2,689)(3,320)Cash flows from financing activities:Proceeds from Secured Convertible Notes— 30,000 Payments of debt issuance costs— (2,397)Payments for withholding taxes related to the net share settlement of equity awards(653)(295)Proceeds from issuance of Common Stock under ATM Program, net of transaction costs2,039 — Proceeds from Registered Direct Offering, net of transaction costs18,769 — Proceeds from exercise of stock options1,275 53 Net cash provided by financing activities21,430 27,361 Net increase in cash, cash equivalents and restricted cash9,677 150 Effect of foreign exchange rate changes on cash and cash equivalents220 2,026 Cash, cash equivalents and restricted cash - beginning of period23,682 24,603 Cash, cash equivalents and restricted cash - end of period$33,579 $26,779 

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

10

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