Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth observation (EO) data, announced the pricing of its underwritten public offering of 27,692,308 shares of Class A common stock at $3.25 per share, with expected gross proceeds of approximately $90 million before deductions. The company also granted underwriters a 30-day option to purchase up to an additional 4,153,846 shares on the same terms. The offering is expected to close on or about Oct. 17, 2025, subject to customary conditions.
Cantor and Titan Partners Group, a division of American Capital Partners, are acting as joint bookrunning managers, with Craig-Hallum and Northland Capital Markets serving as co-managers. Satellogic plans to use the net proceeds for general corporate purposes, which may include scaling its satellite constellation and enhancing its automated EO platform. The company aims to provide high-resolution, frequent imagery at lower costs, potentially disrupting the geospatial industry.
Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic is the first vertically integrated geospatial company, driving real outcomes with planetary-scale insights. Its mission is to democratize access to geospatial data through an information platform of high-resolution images to help solve pressing global problems such as climate change, energy supply, and food security. With more than a decade in space, Satellogic has proven technology and a track record of delivering satellites to orbit and high-resolution data to customers.
The offering comes as Satellogic continues to build a scalable, fully automated EO platform designed to remap the entire planet with an optimal balance of frequency and resolution. The company's patented Earth imaging technology unlocks the power of EO to deliver high-quality, planetary insights at unparalleled value. This capital raise is a critical step in achieving that vision, providing the financial resources needed to expand operations and accelerate growth.
For more information about the company, visit https://satellogic.com/. The full press release is available at https://ibn.fm/YtgJc.
