Company: SATLW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001628280-25-025087
Chunk: 17

Company: Satellogic Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 8
Chunk 17
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 March 31, 2025, and December 31, 2024 were $1.4 million and $1.4 million, respectively. Unused credits expire one year after issuance. There were no credits that expired in the three months ended March 31, 2025 or 2024.A contract’s transaction price is allocated to each distinct performance obligation and recognized as revenue when, or as, the performance obligation is satisfied. The following table represents the total transaction price for the remaining performance obligations as of March 31, 2025 related to non-cancellable contracts longer than 12 months in duration that is expected to be recognized over future periods.Within 1 YearYears 1-2Years 2-3ThereafterRemaining performance obligations$11,496 $4,605 $7,000 $24,000 

6. Warrant Liabilities

Liberty Warrants and Liberty Advisory Fee WarrantPIPE Warrant$8.63 WarrantsTotal Warrant LiabilitiesAs of December 31, 2024$8,012 $471 $3,028 $11,511 Change in fair value of financial instruments2,569 131 691 3,391 As of March 31, 2025$10,581 $602 $3,719 $14,902 

20

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) 

Liberty Warrants and Liberty Advisory Fee WarrantOn January 18, 2022, the Company and CF V entered into the Liberty Subscription Agreement with an investor (the “Liberty Investor”). The Company agreed to issue and sell to the Liberty Investor (i) 20,000,000 shares of Class A common stock (the “Liberty Shares”), (ii) a warrant to purchase up to 5,000,000 shares of Class A common stock at an exercise price of $10.00 per share (the “$10.00 Liberty Warrant”), and (iii) a warrant to purchase up to 15,000,000 shares of Class A common stock at an exercise price of $15.00 per share (the “$15.00 Liberty Warrant”, and together with the $10.00 Liberty Warrant, the “Liberty Warrants”), in a private placement for an aggregate purchase price of $150.0