Company: SATLW
Filing Date: 2025-10-15
Form Type: 424B5
Source: 0001437749-25-031060
Chunk: 13

Company: Satellogic Inc.
Filing Date: 2025-10-15
Form: 424B5
Chunk 13
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 sales could occur, could adversely affect the price for our Class A Common Stock. The accompanying prospectus covers the offering of $150,000,000 aggregate amount of Class A Common Stock, inclusive of the Shares offered hereby. Immediately prior to this offering, approximately $120,500,000 aggregate amount of Class A common stock remained available for issuance under the accompanying prospectus. In addition, in April 2024, Nettar Group Inc. (“Nettar”), a subsidiary of the Company, issued an aggregate principal amount of $30,000,000 in floating rate secured convertible promissory notes (the “Notes”), which are guaranteed by the Company and are convertible into an aggregate of 25,000,000 shares of Class A Common Stock, all of which remain unsold. The issuance or resale, or expected or potential issuance or resale, of a substantial number of shares of our Class A Common Stock in the public market could adversely affect the market price for our Class A Common Stock, result in dilution and make it more difficult for you to sell your Class A Common Stock at times and prices that you feel are appropriate.

In the future, we may attempt to increase our capital resources by making offerings of debt, including additional Notes, or additional offerings of equity securities. In connection with the issuance of the Notes, we entered into a side letter which provides the purchaser with pre-emptive rights, in order to maintain its as-converted ownership percentage on the same basis as new capital raised. Accordingly, for so long as the purchaser holds Notes, it will be entitled to acquire, upon the same terms and at the same price to be paid by other holders, its pro rata portion of any Class A Common Stock (or securities convertible into Class A Common Stock), other than issuances under the Company’s incentive compensation plans, issued by us.

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Additionally, any convertible or exchangeable securities that we issue in the future may have rights, preferences, and privileges more favorable than those of our Class A Common Stock and may result in dilution of owners of our Class A Common Stock. We and, indirectly, our stockholders, will bear the cost of issuing and servicing such securities. Upon liquidation, holders of our debt securities and preferred stock (if any), and lenders with respect to other borrowings, will receive a distribution of our available assets prior to the holders of our Class A Common Stock. Additional equity offerings may dilute the holdings of our existing stockholders or reduce the