Company: SATLW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001874315-25-000019
Chunk: 50

Company: Satellogic Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 50
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 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 nine months ended September 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 Interest payments— — — (1,525)Remeasurement (gain)/loss(1)(1,242)(61)(266)6,875 At September 30, 2024$775 $36 $153 35,350 At December 31, 2024$8,012 $471 $1,501 $79,070 Interest payments— — — (3,312)Remeasurement (gain)/loss(1)(1,138)(134)(182)13,212 At September 30, 2025$6,874 $337 $1,319 $88,970 (1) Recognized in Change in fair value of financial instruments of the Condensed Consolidated Statements of Operations and Comprehensive Loss as change in fair value of financial instruments for the nine months ended September 30, 2025 and 2024, respectively.There were no transfers between Level 1 and Level 2 during the nine months ended September 30, 2025 or 2024.

14. Related Parties

See description of transactions with CF&Co. and Liberty Investment as part of the Merger Transaction described in Note 4. (Reverse Recapitalization) of our 2024 Annual Report. Also see the description of the transactions involving CF&Co. described in Note 1 (Nature of the Business and Basis of Presentation) of this Report. We made purchases totaling $0.7 million and $0.8 million from our equity method investee, OS, in the nine months ended September 30, 2025 and 2024, respectively and there was $0.4 million owed to OS and included in Accounts payable at September 30, 2025.Pursuant to the ATM Program, when designated as sales agent for a particular sale, CF&Co. is