Satellogic Inc. 8-K

What Happened

• Satellogic Inc. announced a registered direct offering under a securities purchase agreement dated January 26, 2026, to sell 7,399,578 shares of Class A common stock at $4.73 per share. The gross proceeds are approximately $35 million, before placement agent fees and offering expenses. The offering closed on January 27, 2026.

Key Details

• Shares issued: 7,399,578 Class A common shares at $4.73 per share; gross proceeds ≈ $35 million.
• Closing date: January 27, 2026; Purchase Agreement executed January 26, 2026.
• Lock-up: Company, directors and executive officers agreed not to sell or register shares (with certain exceptions) for 45 days after closing.
• Placement agents: Titan Partners Group LLC (lead) and Craig‑Hallum Capital Group LLC (co-placement). Company will reimburse certain fees and indemnify Titan. Offering was made under the company’s Form S-3 registration statements; King & Spalding LLP provided a legal opinion.

Why It Matters

• The transaction raises capital for Satellogic, providing near-term liquidity of roughly $35 million before fees and expenses. For investors, this is dilutive because new shares were issued, but it strengthens the company's cash position.
• The short 45-day lock-up limits immediate additional insider selling but is relatively brief compared with longer lock-ups often seen in financings. Placement agent arrangements and indemnities are standard but represent additional obligations tied to the offering.