Company: SATLW
Filing Date: 2025-10-16
Form Type: 424B5
Source: 0001437749-25-031167
Chunk: 23

Company: Satellogic Inc.
Filing Date: 2025-10-16
Form: 424B5
Chunk 23
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 A Common Stock upon the exercise, conversion or settlement of options, restricted stock units or convertible notes disclosed as outstanding in the registration statement of which this prospectus supplement is a part. |

Further, we, our officers and our directors may transfer the Lock-Up Securities without the prior written consent of the Representative in connection with a change of control.

The Representative may, in its sole discretion and at any time or from time to time before the termination of the 90-day period, release all or any portion of the securities subject to lock-up agreements.

Market Making, Stabilization and Other Transactions

The underwriters may make a market in the shares of Class A Common Stock as permitted by applicable laws and regulations. However, the underwriters are not obligated to do so, and the underwriters may discontinue any market-making activities at any time without notice in their sole discretion. Accordingly, no assurance can be given as to the liquidity of the trading market for the shares of Class A Common Stock, that you will be able to sell any of the shares of Class A Common Stock held by you at a particular time or that the prices that you receive when you sell will be favorable.

The underwriters have advised us that they, pursuant to Regulation M under the Exchange Act, may engage in short sale transactions, stabilizing transactions, syndicate covering transactions or the imposition of penalty bids in connection with this offering. These activities may have the effect of stabilizing or maintaining the market price of the shares of Class A Common Stock at a level above that which might otherwise prevail in the open market. Establishing short sales positions may involve either “covered” short sales or “naked” short sales.

“Covered” short sales are sales made in an amount not greater than the underwriters’ option to purchase Option Shares in this offering. The underwriters may close out any covered short position by either exercising its option to purchase Option Shares or purchasing our shares of Class A Common Stock in the open market. In determining the source of shares to close out the covered short position, the underwriters will consider, among other things, the price of shares available for purchase in the open market as compared to the price at which it may purchase shares through the option to purchase Option Shares.

“Naked” short sales are sales in excess of the option to purchase additional shares of Class A Common Stock. The underwriters must close out any naked short position by purchasing shares in the open market. A naked short position is more likely to be created if the underwriters are concerned that there