Satellogic falls on deep-discounted $90 mln stock sale

Satellogic

16/10/2025 13:13

** Geospatial firm Satellogic's SATL.O shares down 15.7% before the bell at $3.49 after $90 mln follow-on priced at deep discount

** Davidson, North Carolina-headquartered SATL sells ~27.7 mln shares at $3.25 for general corp purposes

** Offering price represents 21.5% discount to stock's last close of $4.14

** Cantor Fitzgerald and Titan Partners, division of American Capital Partners, are joint bookrunners for offering

** Satellogic designs, manufactures and operates Earth observation satellites capable of remapping the entire planet at both high-frequency and high-resolution, according to the prospectus

** With about 105.6 mln total shares outstanding, co has roughly $437 mln market cap through Weds

** SATL shares on Weds finished up 5.9%, extending YTD gain to 45%

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))