# EDGAR Filing Document

**Accession Number:** 0001962608
**File Stem:** 0001315863-25-000432
**Filing Date:** 2025-6
**Character Count:** 14693
**Document Hash:** 7e149eb4d7359a62f33a1f5467164975
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001315863-25-000432.hdr.sgml**: 20250603

**ACCESSION NUMBER**: 0001315863-25-000432

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250603

**DATE AS OF CHANGE**: 20250603

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Satellogic Inc.
- **CENTRAL INDEX KEY:** 0001874315
- **STANDARD INDUSTRIAL CLASSIFICATION:** RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-93334
- **FILM NUMBER:** 251020268

**BUSINESS ADDRESS:**
- **STREET 1:** 210 DELBURG STREET
- **CITY:** DAVIDSON
- **STATE:** NC
- **ZIP:** 28036
- **BUSINESS PHONE:** 1-206-313-4516

**MAIL ADDRESS:**
- **STREET 1:** 210 DELBURG STREET
- **CITY:** DAVIDSON
- **STATE:** NC
- **ZIP:** 28036
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Hannover Holdings S.A.
- **CENTRAL INDEX KEY:** 0001962608

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** N4
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D/A

**BUSINESS ADDRESS:**
- **STREET 1:** 58, RUE CHARLES MARTEL
- **STREET 2:** L-2134
- **CITY:** LUXEMBOURG
- **STATE:** N4
- **ZIP:** 00000
- **BUSINESS PHONE:** 352 27 44 73 00

**MAIL ADDRESS:**
- **STREET 1:** 58, RUE CHARLES MARTEL
- **STREET 2:** L-2134
- **CITY:** LUXEMBOURG
- **STATE:** N4
- **ZIP:** 00000

## Exhibit 99.1

Exhibit 99.1

#### Schedule of Transactions in Class A Shares

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br> Date of Transaction | <br> Reporting Person | <br> Title of Class | <br> Number of Shares Acquired (Disposed) | <br> Price Per<br> Share<br>|
| 5/28/2025 | Hannover Holdings S.A. | Class A Common Stock | &nbsp;&nbsp;&nbsp;&nbsp; (136665) | $3.962668 (1) |
| 5/29/2025 | Hannover Holdings S.A. | Class A Common Stock | &nbsp;&nbsp;&nbsp;&nbsp; (150000) | $3.768249 (2) |
| 5/30/2025 | Hannover Holdings S.A. | Class A Common Stock | &nbsp;&nbsp;&nbsp;&nbsp; (200000) | $3.707998 (3) |
| 6/02/2025 | Hannover Holdings S.A. | Class A Common Stock | &nbsp;&nbsp;&nbsp;&nbsp; (200000) | $3.706178 (4) |

---

(1) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.90 to $4.225, inclusive.

(2) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.735 to $3.88, inclusive.

(3) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.67 to $3.785, inclusive.

(4) The sale price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $3.65 to $3.80, inclusive.

The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold, as applicable, at each separate price within the ranges set forth in footnotes (1), (2), (3), and (4).

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**(Amendment No. 1)**

**Satellogic Inc.**

*(Name of Issuer)*

**Class A Common Stock, par value $0.0001 per share**

*(Title of Class of Securities)*

**G7823S101**

*(CUSIP Number)*

**Hannover Holdings S.A.**<br>28, Boulevard d'Avranches, L-1160<br>Luxembourg N4 -<br>352 20 60 11 84

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**05/30/2025**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **G7823S101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Hannover Holdings S.A.** | Name of reporting person<br>**Hannover Holdings S.A.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**N4** | Citizenship or place of organization<br>**N4** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**6472357.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**6472357.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**6472357.00** | Aggregate amount beneficially owned by each reporting person<br>**6472357.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.2%** | Percent of class represented by amount in Row (11)<br>**7.2%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **G7823S101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Baitcon Investments Ltd.** | Name of reporting person<br>**Baitcon Investments Ltd.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**D8** | Citizenship or place of organization<br>**D8** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**6472357.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**6472357.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**6472357.00** | Aggregate amount beneficially owned by each reporting person<br>**6472357.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.2%** | Percent of class represented by amount in Row (11)<br>**7.2%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **G7823S101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Ellipse Global Holding Ltd.** | Name of reporting person<br>**Ellipse Global Holding Ltd.** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**C5** | Citizenship or place of organization<br>**C5** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**6472357.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**6472357.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**6472357.00** | Aggregate amount beneficially owned by each reporting person<br>**6472357.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.2%** | Percent of class represented by amount in Row (11)<br>**7.2%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

| **CUSIP No.** | **G7823S101** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Tanhill Management Limited** | Name of reporting person<br>**Tanhill Management Limited** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**C5** | Citizenship or place of organization<br>**C5** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**6472357.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**6472357.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**0.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**6472357.00** | Aggregate amount beneficially owned by each reporting person<br>**6472357.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**7.2%** | Percent of class represented by amount in Row (11)<br>**7.2%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**OO** | Type of Reporting Person (See Instructions)<br>**OO** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Class A Common Stock, par value $0.0001 per share

**(b) Name of Issuer:**
Satellogic Inc.

**(c) Address of Issuer's Principal Executive Offices:**
210 Delburg Street, Davidson, NC, 28036

The following constitutes Amendment No. 1 ("Amendment No. 1") to the Schedule 13D filed with the Securities and Exchange Commission ("SEC") by Hannover Holdings S.A. ("Hannover"), Baitcon Investments Ltd. ("Baitcon"), Ellipse Global Holding Ltd. ("Ellipse"), and Tanhill Management Limited ("Tanhill", and together with Hannover, Baitcon and Ellipse, the "Reporting Persons") on February 2, 2023. This Amendment No. 1 amends and supplements the Schedule 13D as specifically set forth herein.

All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable.

**Item 5. Interest in Securities of the Issuer**

**(a)**
Each of the Reporting Persons may be deemed to beneficially own 6,472,357 Class A Shares of the Issuer that are directly held by Hannover.  Such amount represents approximately 7.2% of the Class A Shares outstanding, based on 90,526,937 Class A Shares outstanding as of May 2, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on May 13, 2025.

**(b)**
Items 7 through 10 of each of the cover pages of this Schedule 13D are incorporated herein by reference.

**(c)**
The transactions by the Reporting Persons in the securities of the Issuer during the past sixty days are set forth in Exhibit 99.1 and such information is incorporated herein by reference. All such transactions were carried out in open market transactions.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Hannover Holdings S.A.

**Signature:** /s/ Giovanni Dell'Orto

**Name/Title:** Giovanni Dell'Orto/Chairman

**Date:** 06/03/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Baitcon Investments Ltd.

**Signature:** /s/ Giovanni Dell'Orto

**Name/Title:** Giovanni Dell'Orto/President

**Date:** 06/03/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Ellipse Global Holding Ltd.

**Signature:** /s/ Giovanni Dell'Orto

**Name/Title:** Giovanni Dell'Orto/President

**Date:** 06/03/2025

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Tanhill Management Limited

**Signature:** /s/ Giovanni Dell'Orto

**Name/Title:** Giovanni Dell'Orto/Director

**Date:** 06/03/2025