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

Company: Satellogic Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 8
Chunk 25
---
 (in thousands of U.S. dollars, except share and per share information, unless otherwise stated) 

fair value of the Secured Convertible Notes and the unpaid principal balance was $66.6 million at March 31, 2025. Inputs used for the fair value measurement include:◦Credit spread – 25.42% to 37.92%◦Volatility: 50%◦Risk free rate of return: 3.9%Changes in the fair value of Level 3 assets during the three months ended March 31, 2025 were as follows:OS warrantsAt December 31, 2024$322 Remeasurement gain/(loss)(1)711 Foreign currency translation adjustment20 At March 31, 2025$1,053 (1) Recognized in the Condensed Consolidated Statements of Operations and Comprehensive Loss as change in fair value of financial instruments for the three months ended March 31, 2025.Changes in the fair value of Level 3 liabilities during the three months ended March 31, 2025 and 2024 were as follows:Liberty Warrants and Liberty Advisory Fee WarrantPIPE WarrantSponsor EarnoutSecured Convertible NotesAt December 31, 2023$2,017 $97 $419 $— Remeasurement (gain)/loss(1)452 33 80 — At March 31, 2024$2,469 $130 $499 — At December 31, 2024$8,012 $471 $1,501 $79,070 Issues— — — — Interest payments— — — (1,670)Remeasurement (gain)/loss(1)2,569 131 491 19,190 At March 31, 2025$10,581 $602 $1,992 $96,590 (1) Recognized in Change in fair value of the Condensed Consolidated Statements of Operations and Comprehensive Loss as change in fair value of financial instruments for the three months ended March 31, 2025 and 2024, respectively.There were no transfers between Level 1 and Level 2 during the three months ended March 31, 2025 or 2024.

14. Related Parties

See description of transactions with CF&Co. and Liberty Investment as part of the Mer