Company: SATLW
Filing Date: 2025-05-13
Form Type: 10-Q
Source: 0001628280-25-025087
Chunk: 79

Company: Satellogic Inc.
Filing Date: 2025-05-13
Form: 10-Q
Item: Item 1
Chunk 79
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— — 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 Merger Transaction described in Note 4. (Reverse Recapitalization) of our 2024 Annual Report. Also see the description of the transaction involving CF&Co. described in Note 17 (Subsequent Events) of this Report. We made purchases totaling $0.4 million from our equity method investee, OS, in the three months ended March 31, 2024.Pursuant to the ATM Program, when designated as sales agent for a particular sale, CF&Co. is to be paid a commission, in cash, at a fixed rate of 3.0% of the gross sales price per share sold under the Second A&R Sales Agreement. CF&Co. is 

27

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) 

also entitled to reimbursement for certain specified expenses, including the fees and disbursements of CF&Co.’s legal counsel.

15. Secured Convertible Notes

Secured Convertible Notes as of March 31, 2025 and December 31, 2024 were as follows:March 31,December 31,20252024Secured Convertible Notes$96,590 $79,070 Less: Current portion— — Total non-current debt$96,590 $79,070 On April 12, 2024, the Company, Nettar and Acquiom Agency Services LLC (the “Holder Representative”) entered into that certain Note Purchase Agreement (the “Note Purchase Agreement”) with the Purchaser, pursuant to which Nettar agreed to issue $