Satellogic Closes $35 Million Direct Offering of Shares

MT Newswires Live

01/28

Satellogic (SATL) said late Tuesday it has closed the sale of roughly 7.4 million Class A shares to an institutional investment manager in a direct offering.

The company said it raised about $35 million from the offering, with proceeds to be used among others for investment, working capital, and general corporate purposes.

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