Company: SATLW
Filing Date: 2025-02-14
Form Type: F-4
Source: 0001437749-25-004040
Chunk: 110

Company: Satellogic Inc.
Filing Date: 2025-02-14
Form: F-4
Chunk 110
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”), representing an aggregate of up to $7.5 million in Advisory Fee Cash Payments.

PIPE Warrants:The Company allocated 5,816,770 BVI Class A Ordinary Shares and a non-redeemable warrant enabling the acquisition of 2,500,000BVI Class A Ordinary Shares at $20.00 per share. This issuance to the PIPE investor amounted to a total purchase value of $58.2 million.

Columbia Warrants:In March 2021, we issued a warrant to purchase up to 15,931,360 shares of our common stock (“Columbia Warrant”) at anexercise price of $2.51635975 per share, or an aggregate of $40.1 million, in connection with the loan agreement between us and Columbia River Investment Limited (“Columbia”). The Columbia Warrant is exercisable the earlier of 25 years from the effective date or the date in which the warrant is exercised in full. The Columbia Warrant was initially recognized on March 8, 2021 as a liability with a fair value of $161.2 million, and was remeasured to a fair value of $143.2 million as of December 31, 2021. The fair value of the Columbia Warrant of $143.2 million was reclassified to additional paid-in capital in connection with the Merger.

Convertible Notes:Additionally, in April 2024, we entered into a Note Purchase Agreement, under which the Company agreed to issue the Convertible Notes in the aggregate principal amount of $30 million to Tether Investments Limited. The Convertible Notes are convertible into 25,000,000 BVI Class A Ordinary Shares. On June 20, 2024, we filed a registration statement with the SEC registering the resale of up to 25,000,000 BVI Class A Ordinary Shares issuable upon the conversion of the Convertible Notes, all of which remain unsold as of the date of this prospectus.

Preferred Stock

Blank Check Preferred.

Under the Satellogic Delaware certificate of incorporation, our Board of Directors will be authorized by resolution to create and issue one or more series of preferred stock of Satellogic Delaware, and, with respect to each series, to determine the number of shares constituting the series and the designations and the powers, preferences and rights, and the qualifications, limitations and restrictions thereof, which may include dividend rights, conversion or exchange rights, voting rights, redemption rights and terms and liquidation preferences, without stockholder approval.