Company: SATLW
Filing Date: 2025-02-14
Form Type: F-4
Source: 0001437749-25-004040
Chunk: 87

Company: Satellogic Inc.
Filing Date: 2025-02-14
Form: F-4
Chunk 87
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2025, to the prospectus supplement, forming a part of its effective registration statement on Form F-3 (File No. 333-283719), initially filed with the SEC on December 10, 2024.

PIPE Financing Transaction

On December 8, 2024, the Company entered into Purchase Agreement with the Purchaser, pursuant to which the Company issued in a private placement 3,571,429 BVI Class A Ordinary Shares to the Purchaser at a purchase price of US$2.80 per share. The closing of the private placement occurred on December 10, 2024 and the Company received gross proceeds of $10,000,000.

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BUSINESS</div>

We are incorporating by reference into this prospectus the information set forth under “Item 4. Information on the Company” in our Annual Report on Form 20-F for the fiscal year ended December 31, 2023.

Multi-Year Satellite Imagery Contract

On February 6, 2025, the Company entered into an agreement with Telespazio Brasil, a subsidiary of Telespazio S.p.A., pursuant to which the Company will provide low latency satellite imagery for the Brazilian Air Force for defense and security operations within the Brazilian territory.

Tasking Partnership

On December 11, 2024, the Company entered into a tasking, data licensing and distribution agreement with Maxar Intelligence, pursuant to which the Company granted Maxar exclusive rights to task the Company’s high-revisit constellation and use its cost-effective satellite imagery to support national security missions for the U.S. Government and select U.S. partners internationally.

Board of Director Changes

On November 25, 2024, Howard Lutnick, a member of our Board of Directors, notified the Company of his decision to voluntarily resign from the Board, effective immediately. Mr. Lutnick’s resignation followed his recent nomination and anticipated confirmation to serve on the cabinet of the President of the United States as the Commerce Secretary. Mr. Lutnick’s decision to resign was not a result of any disagreement with the Company, the Company’s management or the Board. In connection with Mr. Lutnick’s resignation, the Company reduced the size of its Board from nine directors to eight.

On September 4, 2024, we announced the appointment of Kelly Kennedy to the Board of Directors of the Company as a Class III Director and Ms. Kennedy was reelected by the Company’s shareholders on December 20,