Company: SATLW
Filing Date: 2025-04-15
Form Type: 424B5
Source: 0001437749-25-012003
Chunk: 16

Company: Satellogic Inc.
Filing Date: 2025-04-15
Form: 424B5
Chunk 16
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 our as adjusted net tangible book value as of December 31, 2024 would have been approximately $(46.0) million, or $(0.45) per share. This represents an immediate increase in as adjusted net tangible book value of $0.23 per share to our existing stockholders and an immediate dilution of $3.55 per share issued to the purchaser purchasing the Shares in this offering.

The following table illustrates this per share dilution:

| Offering price per share of Class A Common Stock                                        
 Net tangible book value (deficit) per share as of December 31, 2024                     |     |   | (0.68) |     |   |  3.10 |
|:----------------------------------------------------------------------------------------|:----|:--|-------:|:----|:--|------:|
| Increase in as adjusted net tangible book value per share attributable to this offering |     | $ |   0.23 |     |   |       |
| As adjusted net tangible book value (deficit) per share after this offering             |     |   |        |     | $ | -0.45 |
| Dilution per share to purchaser participating in this offering                          |     |   |        |     | $ |  3.55 |

The above table and discussion are based on 96,015,320 shares of Common Stock outstanding as of December 31, 2024, which includes 13,582,642 shares of Class A Common Stock issuable upon conversion of the Class B Common Stock, but excludes the following securities outstanding as of that date:

| ● | 49,184,915 warrants to purchase Class A Common Stock; |

| ● | 2,893,396 restricted stock units granted under the Company’s Equity Incentive Plan; |
| ● | 3,234,296 stock options granted under the Company’s Equity Incentive Plan;          |

| ● | 25,000,000 shares of Class A Common Stock issuable upon conversion of the Notes; and |

| ● | 1,775,962 shares of Class A Common Stock held by CFAC Holdings V, LLC, that will vest subject to the achievement of certain earnout triggers pursuant to the Sponsor Support Agreement, dated as of July 5, 2021, by and among the Company, Nettar Group Inc. and CFAC Holdings V, LLC. |

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DESCRIPTION OF SECURITIES WE ARE OFFERING</