Satellogic Announces Closing of $35 Million Registered Direct Offering of Common Stock
NEW YORK, Jan. 27, 2026 (GLOBE NEWSWIRE) -- Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution Earth Observation ("EO") data, announced today that it has closed the purchase and sale of 7,399,578 shares of the Company's Class A Common Stock in a registered direct offering pursuant to a definitive securities purchase agreement entered into with a single institutional investment manager on January 26, 2026.
Titan Partners, a division of American Capital Partners, acted as lead placement agent, with Craig-Hallum serving as co-placement agent for the offering.
The gross proceeds from the offering are expected to be approximately $35 million, before deducting the placement agent fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from this offering for continued investment in growth initiatives, constellation and satellite infrastructure, working capital, and general corporate purposes.
This financing follows a series of recent commercial milestones that underscore growing demand for Satellogic's ability to deliver unique sovereign solutions and persistent, AI-First monitoring at scale. These include an $18 million sovereign satellite sale to the Government of Portugal, a seven-figure monitoring agreement with a strategic customer to support continuous, high-frequency monitoring across a large portfolio of priority sites, as well as the Company's participation alongside HEO in expanding Australia's sovereign space capabilities.
This strong commercial momentum to start 2026 builds on Satellogic's strategic hiring of Jeffrey Kerridge as SVP Sales in Q4 of 2025 and reflects increasing adoption of services designed to provide continuous situational awareness rather than episodic data access.
Emiliano Kargieman, CEO of Satellogic, commented, "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. We are excited about what 2026 will bring for Satellogic."
Rick Dunn, CFO of Satellogic, added, "This offering adds to our strong cash position, building on the equity offerings completed in 2025. Combined with our recent announcements of new contracts and partnerships that continue to expand our backlog and pipeline, we are off to a great start to the year."
The shares of Class A Common Stock in this offering were offered by the Company pursuant to a "shelf" registration statement on Form S-3 (File Nos. 333-283719 and 333-292940) previously filed with the Securities and Exchange Commission (the "SEC") and declared effective by the SEC on March 31, 2025. The offering was made only by means of a prospectus, including a prospectus supplement, forming a part of the effective registration statement, relating to the offering that was filed with the SEC on January 27,2026. Electronic copies of the final prospectus supplement and accompanying prospectus may be obtained on the SEC's website at http://www.sec.gov or by contacting Titan ...
