Company: SATLW
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001874315-25-000014
Chunk: 45

Company: Satellogic Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Item 1
Chunk 45
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 that during the period between the Closing and the five-year anniversary of the Closing, the Sponsor shall not sell, transfer or otherwise dispose of Class A common stock equal to 1,869,000 less 30% of the Forfeiture Escrow Shares (as defined in the Sponsor Support Agreement) retired and canceled (“Sponsor Earnout”). The Sponsor Earnout is subject to potential forfeiture to us for no consideration until the occurrence of each tranche’s respective earnout triggering event. The earnout triggering events related to achieving a closing price at or above $12.50, $15.00 and $20.00 per share, respectively, for any 10 trading days over a 20 trading day period were not satisfied during the six months ended June 30, 2025. As a result, the Sponsor Earnout of 1,775,962 shares of Class A common stock were not vested and are subject to transfer restrictions and contingent forfeiture provisions.

8. Property and Equipment

Property and equipment, net consists of the following: Estimated Useful Life (in years)June 30,December 31,20252024Satellites and other equipment3-5$29,644 $30,668 Satellites under constructionNot applicable15,653 14,458 Leasehold improvements5-102,870 2,901 Other property and equipment3-104,110 4,307 Total property and equipment52,277 52,334 Less: Accumulated depreciation(27,461)(25,106)Property and equipment, net$24,816 $27,228 Provisions for depreciation are based on estimated useful lives of the assets using the straight-line method.Information related to our property and equipment and operating lease ROU assets by geography is as follows:June 30,December 31,20252024Uruguay$30,776 $26,833 Argentina358 392 Spain7 746 Other countries10 134 Total (1) $31,151 $28,105 (1) The presentation in the table above is based on the geographic location of the entity that holds the assets.

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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) 

9. Additional Financial Statement Information

Prepaid Expenses and Other Current Assets June 30,December 31,20252024Prepaid expenses and