Satellogic Announces Strategic Partnership With Palantir Technologies

  • Five-year partnership builds on existing technology collaboration
  • Unlocks advanced image and geospatial products, and tailored AI insights for customers

CHARLOTTE, N.C. (Satellogic PR) — Satellogic Inc. (NASDAQ:SATL), a leader in sub-meter resolution satellite imagery collection, today announced a new partnership with Palantir Technologies Inc. (NYSE:PLTR), a leading builder of operating systems for the modern enterprise. Under the agreement, Satellogic will leverage Palantir’s Foundry platform, accelerating business processes, rapid image product delivery, AI model training, and enterprise-wide data integration. Palantir’s government and commercial customers will have access to Satellogic’s Aleph platform APIs to power their use of Palantir’s MetaConstellation and Edge AI capabilities.

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Satellogic Completes Business Combination with CF Acquisition Corp. V to Become Publicly Traded Company

  • Class A Ordinary Shares to Commence Trading on Nasdaq on January 26, 2022 under ticker “SATL”
  • Gross proceeds to Satellogic will total approximately  $262 million, including cash held in CFV’s trust account and concurrent PIPE financing, as well as the transaction with Liberty Strategic Capital, slated to close in February
  • Transaction expected to allow Satellogic to scale its constellation of satellites, collecting and analyzing weekly remaps of the Earth by 2023 and creating a live catalog of every square meter of Earth daily thereafter, enabling immense commercial, sustainability, and government applications

NEW YORK, January 25, 2022 (Satellogic PR) – Satellogic Inc., a leader in sub-meter resolution satellite imagery collection (“Satellogic,” the “Company”), today announced that it has completed its previously announced business combination with CF Acquisition Corp. V (Nasdaq: CFV) (“CFV”), a publicly traded special purpose acquisition company sponsored by Cantor Fitzgerald. The business combination was approved at a special meeting of CFV stockholders on January 24, 2022. Beginning Wednesday, January 26, 2022, Satellogic’s Class A ordinary shares and warrants will trade on the Nasdaq under the ticker symbols “SATL” and “SATLW,” respectively.

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Secretary Steven Mnuchin’s Liberty Strategic Capital to Invest $150 Million in Satellogic and CF Acquisition Corp. V

  • Investment will support Satellogic as it scales its constellation, with the goal of weekly remapping of the entire Earth’s surface in 2023 and daily remapping thereafter, unlocking countless commercial, sustainability, and government applications
  • Secretary Mnuchin to serve as Non-Executive Chairman of Satellogic Board of Directors
  • Howard W. Lutnick, Chairman and CEO of Cantor Fitzgerald and CFV, to join Satellogic Board of Directors
  • Satellogic satellites have the capacity to collect more images than the closest four satellite competitors combined, changing the way we see our Earth by delivering data that helps analyze and develop solutions for the world’s most pressing problems within a $140 billion TAM opportunity1
  • Total committed capital of $265 million; merger slated to close in Q1 2022

NEW YORK (Satellogic PR) — Satellogic, a leader in sub-meter resolution satellite imagery collection, currently 70 centimeters, and CF Acquisition Corp. V (Nasdaq: CFV) (“CFV”), a special purpose acquisition company sponsored by Cantor Fitzgerald, today announced that they have secured an additional $150 million private placement commitment from Liberty Strategic Capital (“Liberty”), a private equity firm founded and led by former U.S. Secretary of the Treasury Steven T. Mnuchin.

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Satellogic Announces Upcoming Appointment of Six New Board Members

New appointments to Board of Directors will enhance Satellogic’s leadership and expertise as company prepares for public listing

Members to bring extensive relevant experience from NASA, Boeing, Google, Cloudera, Massachusetts Institute of Technology, Caterpillar and MercadoLibre

Charlotte, NC: December 22, 2021 – Satellogic, a leader in sub-meter resolution satellite imagery collection, today announced the upcoming appointment of six new members to the company Board of Directors, collectively bringing decades of public company experience, technical expertise and commercial capabilities to guide the company through its public listing and beyond. The members, Jenette Ramos, Marcos Galperin, Brad Halverson, Dr. Dava Newman, Tarun Bhatnagar and Robert Bearden will join incoming Chairman Ted Wang and Satellogic CEO Emiliano Kargieman on the board, which will be effective upon the company’s upcoming public listing.

“These upcoming additions to our board have impressive backgrounds spanning astronautics, engineering, manufacturing, audit, scaling and public listing, and will help drive the company to its mission of democratizing access to geospatial data. We are grateful for their commitment to the company as we continue to build out our constellation of satellites to remap the entire surface of the Earth daily,” said Emiliano Kargieman, Satellogic CEO.

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CF Acquistion Corp. V Delays Vote on Merger with Satellogic

NEW YORK, Dec. 20, 2021 (CF Acquisition Corp. V PR) — CF Acquisition Corp. V (Nasdaq: CFFV, “CF V”), announced today that it convened and then adjourned, without conducting any other business, CF V’s special meeting of stockholders (the “Special Meeting”) held on December 20, 2021. The Special Meeting has been adjourned until Thursday, December 30, 2021 at 9:00 a.m. Eastern Time, to allow CF V additional time to continue discussions regarding potential additional financing for the post-combination company.

The Special Meeting is being held to vote on the Business Combination Proposal as described in CF V’s definitive proxy statement filed with the Securities and Exchange Commission (the “SEC”) on November 12, 2021, relating to its proposed business combination with Nettar Group Inc. (d/b/a Satellogic) (the “Company”).

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