Company: SATLW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001874315-25-000019
Chunk: 103

Company: Satellogic Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 8
Chunk 103
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 of U.S. dollars, except share and per share information, unless otherwise stated) 

•The fair values of the PIPE Warrant have been estimated using the Black-Scholes model. Significant unobservable inputs include:◦Time to expiry: 1.3 years◦Volatility: 90%◦Risk free rate of return: 3.6%•The fair values of the Liberty Warrants and Liberty Advisory Fee Warrant have been estimated using the Black-Scholes model. Significant unobservable inputs include:◦Time to expiry: 1.4 years◦Volatility: 90.0%◦Risk free rate of return: 3.6%•The fair value of the Sponsor Earnout has been estimated using the Monte Carlo model. Significant unobservable inputs include:◦Time to expiry: 1.3 years◦Volatility: 90%◦Risk free rate of return: 3.6%•The fair values of the Secured Convertible Notes is determined by using the “with” method. At each measurement date we valued the Secured Convertible Notes with the conversion option. The difference between the aggregate fair value of the Secured Convertible Notes and the unpaid principal balance was $59.0 million at September 30, 2025. Inputs used for the fair value measurement include:◦Credit spread: 24.21% to 36.71%◦Volatility: 60%◦Risk free rate of return: 3.6%Changes in the fair value of Level 3 assets during the three months ended September 30, 2025 were as follows:OS warrantsAt December 31, 2024$322 Remeasurement gain/(loss)(1)828 Foreign currency translation adjustment93 At September 30, 2025$1,243 (1) Recognized in 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.

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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) 

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 Earnout