Satellogic raises $35 million in registered direct offering

Satellogic Inc. (NASDAQ: SATL) closed a registered direct offering of 7,399,578 shares of Class A common stock, raising approximately $35 million in gross proceeds before fees and expenses.

The earth observation data company completed the transaction with a single institutional investment manager on January 26. Titan Partners, a division of American Capital Partners, served as lead placement agent, with Craig-Hallum as co-placement agent.

The company plans to use net proceeds for growth initiatives, constellation and satellite infrastructure, working capital, and general corporate purposes, according to a press release statement.

The offering follows recent commercial developments including an $18 million satellite sale to the Government of Portugal and a seven-figure monitoring agreement with a strategic customer for high-frequency monitoring services. Satellogic also participates in expanding Australia's sovereign space capabilities alongside HEO.

The shares were offered under a shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission and declared effective on March 31, 2025.

"This $35 million registered direct offering, in addition to several commercial wins, is the most recent indication that our commercial momentum continues to build and will further accelerate our growth and in-orbit capabilities," said CEO Emiliano Kargieman.

CFO Rick Dunn noted the offering adds to the company's cash position, building on equity offerings completed in 2025.

Founded in 2010, Satellogic designs, manufactures, and operates satellite systems, providing earth observation data to government and commercial customers through sub-meter resolution imaging capabilities.

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