Brief: Satellogic To Go Public Through Merger With Cantor Fitzgerald's Cf Acquisition Corp. V

Satellogic

06/07/2021 12:29

July 6 (Reuters) - CF Acquisition Corp V  CFV.O :
    * SATELLOGIC, A LEADER IN SATELLITE EARTH IMAGERY, TO GO
PUBLIC
THROUGH MERGER WITH CANTOR FITZGERALD’S CF ACQUISITION CORP. V
    * CF ACQUISITION CORP V - COMBINATION VALUES SATELLOGIC AT
AN
IMPLIED PRO FORMA ENTERPRISE VALUE OF $850 MILLION
    * CF ACQUISITION CORP V - AFTER CLOSING, SATELLOGIC WILL
TRADE ON
NASDAQ UNDER TICKER SYMBOL SATL
    * CF ACQUISITION CORP V - DEAL EXPECTED TO RESULT IN CASH ON
BALANCE SHEET OF UP TO ABOUT $274 MILLION, AFTER TRANSACTION
EXPENSES AND DEBT REPAYMENT
    * CF ACQUISITION CORP V - INSTITUTIONAL INVESTORS COMMITTED
TO
PARTICIPATE IN DEAL THROUGH PIPE OF $100 MILLION, INCLUDING
SOFTBANK'S SBLA ADVISERS

Source text for Eikon:  ID:nBw31qLh6a 
Further company coverage:  CFV.O 

 ((Reuters.Briefs@thomsonreuters.com;))