Satellogic (SATL) Registration filing summary

Company overview and business model

• Mission is to democratize access to geospatial data using a high-resolution Earth observation platform, targeting global challenges like climate change and food security.

• Vertically integrated, designs, manufactures, and operates satellite systems, offering flexible solutions from imagery access to full satellite ownership for government and commercial clients.

• Operates 17 satellites with 2 in commissioning as of December 31, 2025, providing one of the largest high-resolution commercial constellations.

• Employs a non-ITAR design and manufactures in Uruguay, enabling rapid, cost-effective delivery and local technology transfer.

• Business lines include Data & Analytics (tasking, archived data, Aleph Observer, Constellation as a Service) and Space Systems, with Aleph Observer and Merlin AI-First constellation as key innovations.

Financial performance and metrics

• Recent direct offering in January 2026 raised $35 million at $4.73 per share.

• Previous capital raises include $90 million in October 2025 and $20 million in April 2025.

• Registered for resale of up to 25 million shares upon conversion of Secured Convertible Notes, representing potential future dilution.

Use of proceeds and capital allocation

• Net proceeds from offerings intended for general corporate purposes, including working capital, capital expenditures, debt repayment, stock repurchases, acquisitions, and strategic investments.

• Pending use, proceeds may be invested in short- and intermediate-term, interest-bearing instruments.