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Synopsis
Satellogic, an Argentine company specialized in Earth-observation satellites, went public via a SPAC merger with CF Acquisition V in an $850m deal. The transaction included a $100m PIPE from SoftBank's SBLA Advisers and Cantor Fitzgerald. “Since our founding, Satellogic has been committed to our mission of democratizing access to geospatial data to help solve the world’s most pressing problems. Today’s transaction is a significant milestone and brings us one step closer to fulfilling that goal. The merger will allow us to continue building out our constellation of satellites and maintain our position as a global leader in sub-meter imagery. Satellogic is poised to be the only company capable of remapping the world daily at the sub-meter resolution necessary to address commercial applications affordably. We are grateful to our talented and ambitious team who have developed best-in-class technology, a strong track record of delivering satellites to orbit, and the ability to scale at near-zero marginal cost,” Emiliano Kargieman, Satellogic CEO & Co-Founder. On January 18, 2022, Liberty Strategic Capital announced it would support the transaction with a $150m investment.
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