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Satellogic ( (SATL) ) just unveiled an update.
On February 12, 2025, Satellogic Inc. announced an Amended and Restated Sales Agreement with Cantor Fitzgerald & Co. and Northland Securities, Inc., allowing for the sale of up to $50 million in Class A Ordinary Shares. This agreement does not increase the share amount from the original December 2024 agreement with Cantor, and Northland will now act as an additional sales agent. The move is part of Satellogic’s strategy to enhance its market presence and operational capabilities, with potential implications for stakeholders and industry positioning.
More about Satellogic
Satellogic Inc. operates in the satellite and geospatial analytics industry. The company focuses on providing high-resolution Earth observation data and related services, leveraging a network of satellites to capture and deliver imagery for various applications.
YTD Price Performance: 32.62%
Average Trading Volume: 1,113,010
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $387.5M
See more insights into SATL stock on TipRanks’ Stock Analysis page.
