Satellogic Raises $35 Million in Registered Direct Offering of Common Stock

Satellogic has closed a $35 million registered direct offering of common stock, with the funds to be used for growth initiatives, constellation and satellite infrastructure, working capital, and general corporate purposes. The offering follows recent commercial milestones, including an $18 million sovereign satellite sale to Portugal and a seven-figure monitoring agreement with a strategic customer. The company plans to use the net proceeds to accelerate growth and in-orbit capabilities.