Satellogic Completes Business Combination with CF Acquisition Corp. V
January 25, 2022
Satellogic Inc. completed a business combination with CF Acquisition Corp. V (CFV), and its Class A ordinary shares and warrants began trading on Nasdaq on January 26, 2022 under the tickers SATL and SATLW. The transaction provides Satellogic approximately $262 million in gross proceeds—including a $100 million PIPE led by SoftBank's SBLA Advisers and Cantor Fitzgerald and a $150 million private placement commitment from Liberty Strategic Capital—to scale its satellite constellation and expand its high-resolution Earth-observation and analytics capabilities.
- Buyers
- CF Acquisition Corp. V, SBLA Advisers Corp. (SoftBank), Cantor Fitzgerald, Liberty Strategic Capital
- Targets
- Satellogic Inc.
- Industry
- Aerospace & Defense
- Location
- Uruguay
- Transaction Type
- Buyout
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