NEW YORK, April 08, 2025 (GLOBE NEWSWIRE) -- Satellogic Inc. (NASDAQ:SATL), a leader in high-resolution Earth observation data, has been awarded a multi-year contract valued at $30 million to provide near-daily and ultra-low latency analytics from its groundbreaking, AI-first constellation to a strategic defense and security customer. This innovative approach generates analytics directly onboard each satellite, enabling insights to be downlinked within minutes, significantly enhancing operational responsiveness and decision-making capabilities. Under the terms of the agreement, Satellogic will deliver multiband optical imagery captured by the satellite constellation. The constellation is

NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- On March 26, 2025, Satellogic Inc. (NASDAQ:SATL) (the "Company"), consummated its previously announced domestication, pursuant to which the Company changed its jurisdiction of incorporation, domesticating as a corporation incorporated under the laws of the State of Delaware and discontinuing as a business company with limited liability incorporated under the laws of the British Virgin Islands. The Company's business, assets and liabilities on a consolidated basis, as well as its Board of Directors, the Company's executive officers, principal business locations (other than its principal executive office) and fiscal year, were the same immediately

Revenue up 28% to $12.9 million in 2024 Redomicile to U.S. Nears Completion; Set to Accelerate Market Opportunities Completed $10 Million Private Placement Entered into $50 Million At-The-Market (ATM) Program NEW YORK, March 24, 2025 (GLOBE NEWSWIRE) -- Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution Earth Observation ("EO") data collection, today provided a business update and financial results for the year ended December 31, 2024. "The second half of 2024 was highlighted by commercial milestones, including a pivotal agreement with Maxar Intelligence granting them exclusive rights to task Satellogic's high-revisit constellation and use our cost-effective satellite im

Agreement Provides Rapid Access to Satellogic's NewSat Constellation and Aleph Platform for Enhanced Defense and Security Monitoring Satellogic Inc. (NASDAQ:SATL), a leader in high-resolution Earth observation data, and Telespazio Brasil, a subsidiary of Telespazio S.p.A, a global leader in satellite services and a joint venture between Leonardo (67%) and Thales (33%) have entered into a multi-year agreement with the Brazilian Air Force (Força Aérea Brasileira, FAB) to provide low-latency satellite imagery for defense and security operations within the Brazilian territory. The contract, with an initial one-year term and one-year extension option, underscores Satellogic's capabilities in d

Maxar Granted Exclusive Rights to Satellogic Data for Missions Supporting the U.S. Government and Select International Government Partners Maxar Intelligence and Satellogic, Inc. (NASDAQ:SATL) have announced a tasking, data licensing and distribution agreement (the "Agreement") that enhances Maxar's ability to deliver monitoring and change detection insights in near real-time for the U.S. government and the government's partners around the world. Specifically, the Agreement grants Maxar exclusive rights to task Satellogic's high-revisit constellation and use its cost-effective satellite imagery to support national security missions for the U.S. Government and select U.S. partners intern

Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution Earth Observation data, announced today it has closed its previously announced $10 million private placement, pursuant to which the Company issued an aggregate 3,571,429 Class A Ordinary Shares to a single institutional investor at a purchase price of $2.80 per share. The Company expects to use the net proceeds from the offering for general corporate purposes. The Company also announced today that it has filed a shelf registration statement on Form F-3 (the "Shelf Registration Statement") to register the resale of the shares issued in the private placement as required under the share purchase agreement entered into in connect

Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution Earth Observation data, announced today it has entered into a share purchase agreement with a single institutional investor, pursuant to which the Company has agreed to issue and sell an aggregate 3,571,429 Class A Ordinary Shares (the "Shares") in a private placement at a purchase price of $2.80 per share, resulting in gross proceeds of approximately $10 million before deducting offering expenses. The Company expects to use the net proceeds from the offering for general corporate purposes. The transaction is expected to close on or before December 10, 2024. "The proceeds from this investment in Satellogic will help advance o

Expansion of Commercial Partnership Triples SynMax's Oil and Natural Gas Wellhead Coverage Powered by Satellogic's Cost-Effective Fleet of High Resolution Satellites Satellogic to Provide Imagery via SynMax's Hyperion Platform; Further Solidifying Company as a Leader in Providing Earth Observation Data to Power Enterprise Decision Making Satellogic Inc. (NASDAQ:SATL) today announced an expansion of its contract with SynMax, a leading U.S. satellite data analytics firm. SynMax will leverage Satellogic's high-frequency, high-resolution imagery to enhance its Hyperion platform, delivering unparalleled oil and natural gas production monitoring for hedge funds and financial analysts. Tripl

One of Eight Recipients to Multiple Award Contract Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution Earth Observation data, is proud to announce its selection as one of eight recipients of NASA's Commercial SmallSat Data Acquisition Program (CSDA) On-Ramp1 Multiple Award contract, with a maximum cumulative value of $476 million for all award winners. This award, announced on September 6, 2024, highlights Satellogic's commitment to delivering high-quality Earth observation data to advance scientific research and enhance life on Earth. Under the CSDA On-Ramp1, Satellogic will provide NASA with high-resolution multispectral imagery under a multiple-award contract in effect unt

Satellogic Also Announces the Retirement of Brad Halverson Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution Earth Observation data, is pleased to announce the appointment of Kelly Kennedy to its Board of Directors and as chair of the board's Audit Committee, effective September 3, 2024. Kelly Kennedy, a seasoned financial executive with over 30 years of experience in finance, operations, and strategic growth, brings a wealth of expertise that will be valuable as she helps to guide Satellogic's leadership team as an independent board member. Ms. Kennedy is currently serving as Chief Financial Officer for Willow Innovations and has held key financial leadership roles at The

Piper Sandler initiated coverage of Satellogic with a rating of Underweight and set a new price target of $5.00

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$30 Million Secured Convertible Notes Provides Additional Operating Liquidity and Financial Flexibility Satellogic Inc. (NASDAQ:SATL) ("Satellogic" or the "Company"), a leader in sub-meter resolution Earth Observation ("EO") data collection, today announced that Nettar Group, Inc. (the "Borrower"), a wholly-owned subsidiary of the Company, entered into a Note Purchase Agreement (the "Note Purchase Agreement") led by Tether Investments Limited (the "Purchaser"), pursuant to which the Borrower agreed to issue floating rate secured convertible promissory notes in the aggregate principal amount of $30 million (the "Secured Convertible Notes") to the Purchaser (the "Offering"). The net proceed

Asset Monitoring Revenue Grew at a 35% CAGR Year-to-Date through October with Constellation-as-a-Service (CaaS) Business Gaining Momentum Following a Multi-Million-Dollar Agreement Awarded from the Republic of Albania Fully Funded, Debt-free 2023 Business Plan with Expectation of Reaching Adjusted EBITDA Breakeven in 2024 $124 million in Cash at 1H 2022; Expected to be $78 - $82 million at End of 2022 Established New ‘Space Systems' Business Line to Sell Satellites Directly to Select Customers, with Unmatched Build-to-Launch Cycles of Less than 8 months Largest High Resolution Commercial Capture Capability (6.2MM sq km daily) in the World; Expanded Fleet to 26 Satellites in 2022 Full F

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Satellogic Also Announces the Retirement of Brad Halverson Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution Earth Observation data, is pleased to announce the appointment of Kelly Kennedy to its Board of Directors and as chair of the board's Audit Committee, effective September 3, 2024. Kelly Kennedy, a seasoned financial executive with over 30 years of experience in finance, operations, and strategic growth, brings a wealth of expertise that will be valuable as she helps to guide Satellogic's leadership team as an independent board member. Ms. Kennedy is currently serving as Chief Financial Officer for Willow Innovations and has held key financial leadership roles at The

Experienced Executive Brings Global Expertise Representing Public and Private Companies Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution Earth Observation ("EO") data collection, today announced Matthew Brannen has joined the company's senior management team as VP of Legal to add compliance and regulatory leadership, and support rapid growth into new markets and industries. "Matt fully understands the compliance, regulatory and cultural nuance hurdles that need to be cleared for scaled global growth," said Rick Dunn, CFO at Satellogic. "We're thrilled to add Matt's expertise with complex go-to-market strategies as a tremendous asset for us and our customers as we advance ou

Investment Drives Strategic Focus on Vertical Integration Satellogic CEO Emiliano Kargieman Joins Board of Directors of Officina Stellare Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution Earth Observation ("EO") data collection, today announced the completion of an ~5% investment in Officina Stellare ("OS"). This includes an option for Satellogic to expand its ownership to up to 12% in the next 36 months and the appointment of Emiliano Kargieman, CEO and Co-Founder of Satellogic, to the OS Board of Directors. OS, a publicly traded Euronext Growth Milan company headquartered in Sarcedo - Vicenza, is widely recognized as a leader in the design and production of optomechanica

General Joseph F. Dunford, Jr. joins Board of Directors that includes Secretary Steven T. Mnuchin and Howard W. Lutnick Completes $150 million investment from Secretary Mnuchin's Liberty Strategic Capital Share repurchase program approved by Board of Directors to capitalize on undervalued stock price Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution satellite imagery collection, today announced the appointment of Liberty Strategic Capital's Senior Managing Director and former Chairman of the Joint Chiefs of Staff General Joseph F. Dunford, Jr. to its Board of Directors. General Dunford is enormously respected in the business community and brings decades of defense and i

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