Exhibit 99.2 Basis of Pro Forma Presentation The adjustments presented on the unaudited pro forma condensed combined financial statements have been identified and presented to provide an
understanding of PubCo upon consummation of the Business Combination for illustrative purposes. The following unaudited pro forma
condensed combined financial information has been prepared in accordance with Article 11 of Regulation S-X as amended by the final rule, Release No. 33-10786
Amendments to Financial Disclosures about Acquired and Disposed Businesses. The adjustments presented on the unaudited pro forma condensed combined financial information have been identified and presented to provide relevant information
necessary for an understanding of PubCo upon consummation of the Other Transaction Adjustments and the Business Combination. The
unaudited pro forma condensed combined financial information is for illustrative purposes only. The financial results may have been different had the companies always been combined. You should not rely on the unaudited pro forma condensed combined
financial information as being indicative of the historical results that would have been achieved had the companies always been combined or the future results that the combined company will experience. The Company and CF V have not had any
historical relationship prior to the Business Combination. Accordingly, no pro forma adjustments were required to eliminate activities between the companies. The historical financial information of the Company has been adjusted by the Other Transaction Adjustments to give effect to material
subsequent events for the purposes of the unaudited pro forma condensed combined financial information. The historical financial
information of CF V has been adjusted to give effect to the differences between U.S. GAAP and IFRS for the purposes of the combined pro forma financial information. No adjustments were required to convert CF Vs financial statements from U.S.
GAAP to IFRS for purposes of the combined pro forma financial information, except to reclassify shares of CF V Class A Common Stock subject to redemption to non-current liabilities under IFRS. The
adjustments presented in the pro forma combined financial information have been identified and presented to provide relevant information necessary for an accurate understanding of PubCo after giving effect to the Business Combination. UNAUDITED PRO FORMA COMBINED BALANCE SHEET AS OF JUNE 30, 2021 (in USD)  As of June 30, 2021(amounts in USD)

Nettar Group Inc.(Historical)


CF V(HistoricalRestated)


TransactionAccountingAdjustments





Pro FormaCombinedAssetsNon-current assetsSatellites and other property and equipment


32,971,943















32,971,943Right-of-use
assets


1,245,771















1,245,771Deferred income tax assets


271,008















271,008Other noncurrent assets


503,790



384,996











888,786Investments held in Trust Account






250,008,083



(250,008,083
)


(1
)


Total non-current assets


34,992,512



250,393,079



(250,008,083
)






35,377,508Current assetsInventory


















Trade and other receivables


523,170















523,170Other current assets


1,017,626



383,813











1,401,439Cash and cash equivalents


23,342,871



449,773



250,008,083



(1
)


202,783,188(226,741,050
)


(2
)




---

(28,063,290
)


(3
)58,167,700



(4
)10,000,000



(4
)150,000,000



(4
)7,500,000



(4
)(41,880,899
)


(5
)Total current assets


24,883,667



833,586



178,990,544







204,707,797Total assets


59,876,179



251,226,665



(71,017,539
)






240,085,305Liabilities and Shareholders EquityNon-current liabilitiesNotes debt


38,594,941







(38,594,941
)


(6
)


Interest bearing loans and borrowings


37,008,630







(37,008,630
)


(5
)


Lease liabilities


932,392















932,392Trade payables and other liabilities


4,660,576















4,660,576Warrant liability






9,386,666



(9,386,666
)


(8
)


Forward purchase securities liability






2,218,092



(2,218,092
)


(8
)


Ordinary shares subject to redemption






250,000,000



(250,000,000
)


(2
)


Total non-current liabilities


81,196,539



261,604,758



(337,208,329
)






5,592,968Current liabilitiesNotes debt and loans


120,679,601



1,040,144



(1,040,144
)


(3
)


(120,679,601
)


(6
)Interest bearing loans and borrowings


20,472,177







(20,472,177
)


(6
)


Lease liabilities


350,395















350,395Trade payables and other liabilities


7,651,667



562,312



(562,312
)


(3
)


7,651,667Current tax liabilities


872,964















872,964Total current liabilities


150,026,804



1,602,456



(142,754,234
)






8,875,026Total liabilities


231,223,343



263,207,214



(479,962,563
)






14,467,994Shareholders equityNettar Ordinary shares


50







(50
)


(6
)


Nettar Preference shares


87







(87
)


(6
)


Nettar Treasury shares


(170,949,000
)






170,949,000



(9
)


Warrants


161,432,000















161,432,000CF V Class A common stock






60



(60
)


(2
)


CF V Class B common stock






625



(625
)


(2
)


PubCo ordinary shares










731



(2
)


11,208582



(4
)125



(4
)206



(4
)79



(4
)2,000



(4
)7,486



(6
)Additional paid-in capital


61,575,504







225,664,709



(4
)


418,244,64123,258,904



(2
)(11,981,234
)


(7
)158,872,739



(6
)(170,949,000
)


(9
)9,386,666



(8
)2,218,092



(8
)3,628,126



(10
)4,250,212



(10
)14,986,545



(10
)




---

97,333,378



(10
)Other paid-in capital


7,697,670















7,697,670Retained earnings


(231,103,475
)


(11,981,234
)


11,981,234



(7
)


(361,768,208
)(4,872,269
)


(5
)20,866,631



(6
)(26,460,834



(3
)(120,198,261
)


(10
)Total shareholders equity


(171,347,164
)


(11,980,549
)


408,945,024







225,617,311Total liabilities and shareholders equity


59,876,179



251,226,665



(71,017,539
)






240,085,305 Pro Forma Adjustments to the Condensed Combined Statement of Balance Sheet (in USD) The condensed
combined statement of balance sheet was derived from the unaudited consolidated statement of financial position of the Company as of June 30, 2021 and the unaudited condensed balance sheet of CF V as of June 30, 2021 (as restated). Transaction Accounting Adjustments to the Condensed Combined Statement of Financial Position  (1)
To reflect the release of cash from marketable securities held in the Trust Account. The pro forma cash impact
of this adjustment is directly reduced by the redemptions of CF V Public Shares for cash immediately prior to consummation of the Business Combination.  (2)
To reflect the cash used from the Trust Account to redeem CF V Public Shares immediately prior to consummation
of the Business Combination, and the reclassification of remaining CF V Public Shares to permanent equity and conversion to PubCo Ordinary Shares as part of the Business Combination.  (3)
To reflect the cash payment of an aggregate of approximately $28.1 million of estimated legal, financial
advisory and other professional fees related to the Business Combination, including approximately $1.6 million of accounts payable, accrued expenses and sponsor loan payable included in the historical CF V financial statements directly
attributable to the Business Combination, an M&A advisory fee of $5.0 million payable to CF&Co., and financial advisory fees and legal, accounting and other service provider fees of approximately $21.5 million. The direct,
incremental costs of the Business Combination related to the legal, financial advisory, accounting and other professional fees of approximately $26.5 million is reflected as an adjustment to accumulated deficit. The cost expensed through
accumulated deficit is included in the unaudited pro forma condensed combined statement of operations for the year ended December 31, 2020.




---

(4)
Reflects (i) proceeds of $150.0 million to be received from the Liberty Investment with the
corresponding issuance of 20,000,000 PubCo Class A Ordinary Shares, with a nominal value of $0.0001, at approximately $7.50 per share, 5,000,000 $10.00 Liberty Warrants to purchase PubCo Class A Ordinary Shares and 15,000,000 $15.00
Liberty Warrants to purchase PubCo Class A Ordinary Shares, (ii) proceeds of $58.2 million to be received from the PIPE Investment (with the Sponsors Subscription Agreement accounting for approximately $23.2 million of the
PIPE Investment) with the corresponding issuance of 5,816,770 PubCo Class A Ordinary Shares, with a nominal value of $0.0001, at approximately $10.00 per share, and 2,500,000 PIPE Warrants, (iii) $10,000,000 to be received from the purchase of
the Forward Purchase Securities including 1,250,000 PubCo Class A Ordinary Shares and 333,333 PubCo Warrants, (iv) the issuance of an aggregate of 2,846,250 PubCo Class A Ordinary Shares to CF&Co. and CF Securities in satisfaction
of $8.75 million of business combination marketing fees and approximately $8.19 million of placement agent fees from the PIPE Investment and Liberty Investment payable to CF&Co. and CF Securities in satisfaction of the repayment of
approximately $7.88 million of principal amount and interest on the Loans. Pursuant to the PIPE Subscription Agreements, certain PIPE Investors elected to purchase shares of CF V Class A Common Stock in the open market which offset on a one-for-one basis their commitment to purchase PubCo Class A Ordinary Shares. These PIPE Investors have agreed not to transfer such shares of CF V Class A Common
Stock prior to the Closing Date, not to redeem such shares of CF V Class A Common Stock in connection with the Business Combination, and to vote such shares of CF V Class A Common Stock in favor of each Proposal.  (5)
To reflect the payoff of outstanding Columbia Loan at the Closing.  (6)
To reflect the conversion and exchange of the Companys ordinary shares, preference shares, warrants,
options, and convertible notes for PubCo Ordinary Shares as part of the Business Combination.  (7)
To reflect the elimination of CF Vs accumulated deficit, which includes interest income on marketable
securities held in the Trust Account, and the changes in the fair value of the warrant liability and forward purchase securities liability through retained earnings; see Notes 2 and 3 in the Transaction Accounting Adjustments to the Combined
Statement of Profit or Loss.  (8)
To reflect the recognition of the CF V Public Warrants and CF V Placement Warrants and Forward Purchase
Securities as equity instruments upon consummation of the Business Combination.  (9)
To reflect the extinguishment of the Companys historical treasury shares.  (10)
To reflect the preliminary estimated expense recognized, in accordance with IFRS 2, for the excess of the fair
value of PubCo Ordinary Shares issued and the fair value of CF Vs identifiable net assets as of June 30, 2021 including the net impact of redemptions, resulting in a $120.2 million, increase to accumulated loss. The fair value of
shares issued was estimated based on a market price of $9.84 per share of CF V Class A Common Stock on January 7, 2022. The value is preliminary and will change based on fluctuations in the share price of CF V Class A Common Stock and
changes in the fair value valuations for the other components listed below through the Closing Date.  Per sharevalue


Shares


Fair valueCF V Class A Common Stock (1)

$
9.84



2,925,895



28,790,807CF V Class B Common Stock (1)

$
9.84



4,381,000



43,109,040CF V Warrants (2)






8,866,666



9,386,666Forward Purchase Securities (2)






1,250,000



2,218,092PIPE Warrants (2)






2,500,000



4,250,212Liberty Warrants (2)






20,000,000



43,554,578Sponsor Earn-Out Shares (2)










14,986,545Sponsor PIPE forfeiture shares (2)










206,803Satellogic PIPE forfeiture shares (2)










(3,421,323
)Total fair value










143,081,420Book value










22,883,159Excess of fair value over book value










120,198,261




---

(1)
Per share value based on closing prices as of January 7, 2022 for shares of CF V Class A Common Stock
(CF V). (2)
Fair values based on various valuation techniques using management estimates and are subject to change at
Closing. UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF PROFIT AND LOSS FOR THE SIX MONTHS ENDED JUNE 30, 2021 (in USD)  Nettar Group Inc.


CF V6/30/2021(HistoricalRestated)


TransactionAccountingAdjustments





Pro FormaCombined(amounts in USD)

6/30/2021(Historical)


OtherTransactionAdjustments





AdjustedContinuing operationsRevenue from contracts with customers


1,706,275











1,706,275















1,706,275Cost of sales


(1,250,848
)










(1,250,848
)














(1,250,848
)Other operating income






























Administrative expenses


(8,680,245
)










(8,680,245
)


(866,562
)










(9,546,807
)Depreciation


(5,126,498
)










(5,126,498
)














(5,126,498
)Other operating expenses


(8,502,173
)










(8,502,173
)














(8,502,173
)Operating loss


(21,853,489
)










(21,853,489
)


(866,562
)










(22,720,051
)Finance costs, net


(5,476,371
)


883,292



(a
)


(5,508,942
)






3,765,407



(1
)


(1,743,535
)(994,008
)


(a
)783,927



(b
)(705,781
)


(b
)Finance income


















8,083



(8,083
)


(2
)


Gain on extinguishment of debt


3,575,773











3,575,773















3,575,773Change in fair value of warrant liability


















962,560



(962,560
)


(3
)


Change in fair value of forward purchase securities liability


















(2,218,092
)


2,218,092



(3
)


Other financial income (expense)


249,984











249,984















249,984Embedded derivative income (expense)


(26,424,890
)


9,967,716



(a
)


(17,101,224
)






17,101,224



(1
)


(644,050
)


(b
)Income (Loss) before income tax


(49,928,993
)


9,291,095







(40,637,898
)


(2,114,011
)


22,114,080







(20,637,829
)




---

Income tax expense


(220,206
)






(220,206
)










(220,206
)Income (Loss) for the year


(50,149,199
)


9,291,095



(40,858,104
)


(2,114,011
)


22,114,080



(20,858,035
)Weighted average shares outstanding basic and diluted


4,985,434







4,985,434



27,324,033







112,078,734Basic and diluted net (loss) income per share


(10.06
)






(8.20
)


(0.08
)






(0.19
) UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED DECEMBER 31, 2020 (in USD) Continuing Operations  Revenue from contracts with customers






























Cost of sales






























Other operating income


22,394











22,394















22,394Administrative expenses


(8,127,496
)










(8,127,496
)


(505
)


(26,460,834
)


(4
)


(34,588,835
)Depreciation


(3,182,011
)










(3,182,011
)














(3,182,011
)Other operating expenses


(11,376,667
)










(11,376,667
)






(120,198,261
)


(5
)


(131,574,928
)Operating loss


(22,663,780
)










(22,663,780
)


(505
)


(146,659,095
)






(169,323,380
)Finance costs, net


(7,565,781
)


1,126,527



(a
)


(9,866,967
)






6,338,996



(1
)


(3,527,971
)(2,004,452
)


(a
)(1,423,261
)


(b
)Finance income


78,570











78,570















78,570Change in fair value of warrant liability






























Change in fair value of forward purchase securities liability






























Other financial income (expense)


596,628











596,628















596,628Embedded derivative income (expense)


(84,223,586
)


10,611,372



(a
)


(73,612,214
)






73,612,214



(1
)







---

Income (Loss) before income tax


(113,777,949
)


8,310,186



(105,467,763
)


(505
)


(66,707,885
)


(172,176,153
)Income tax expense


(147,866
)






(147,866
)










(147,866
)Income (Loss) for the year


(113,925,815
)


8,310,186



(105,615,629
)


(505
)


(66,707,885
)


(172,324,019
)Weighted average shares outstanding basic and diluted


4,853,668







4,853,668



6,250,000







112,078,734Basic and diluted net (loss) income per share


(23.47
)






(21.76
)


(0.00
)






(1.54
) The Companys statement of profit and loss for the six months ended June 30, 2021 was derived from
the unaudited consolidated statement of profit and loss for the six months ended June 30, 2021. The Companys statement of profit and loss for the year ended December 31, 2020 was derived from the audited consolidated statements of
profit and loss for the year ended December 31, 2020. CF Vs statement of operations for the six months ended June 30, 2021 was derived from the unaudited condensed statements of operations for the six months ended June 30, 2021
(as restated). CF Vs statement of operations for year ended December 31, 2020 was derived from the audited statement of operations for the period from January 23, 2020 (inception) to December 31, 2020. Other Transaction Adjustments to the Companys Historical Statement of Profit or Loss  (a)
To reflect the elimination of the interest and change in fair value of the Convertible Notes from the
historical statement of profit or loss, and the addition of interest expense and other operating income on the new debt related to the Debt and Share Exchange to give pro forma effect as if it had occurred as of January 1, 2020.  (b)
To reflect the elimination of the interest and the change in fair value of the issuance of Company Series X
Preference Shares, and the addition of interest expense to give pro forma effect as if it had occurred as of January 1, 2020. Transaction Accounting Adjustments to the Combined Statement of Profit or Loss  (1)
To reflect the elimination of the notes debt and associated changes in fair value of the embedded derivative to
give pro forma effect as if the conversion of Convertible Notes to PubCo Ordinary Shares had occurred as of January 1, 2020.  (2)
To reflect the elimination of interest income on marketable securities held in the Trust Account.  (3)
To reflect the elimination of the change in the fair value of the derivative warrant liability and forward
purchase security liability as a result of the recognition of CF V Public Warrants and CF Placement Warrants and Forward Purchase Securities as equity instruments upon consummation of the Business Combination.  (4)
To reflect the direct, incremental costs of the Business Combination related to the legal, financial advisory,
accounting and other professional fees.




---

(5)
To reflect the preliminary estimated expense recognized, in accordance with IFRS 2, for the excess of the fair
value of PubCo Ordinary Shares issued and the fair value of CF Vs identifiable net assets as of June 30, 2021; refer to note 10 in the Transaction Accounting Adjustments to the Condensed Combined Statement of Financial Position.