The combination with CF Acquisition Corp. V, which was first announced in July 2021, would bring in $262 million in gross proceeds for Satellogic and places the combined entity’s stocks on the Nasdaq under the symbol SATL, the company said Tuesday.
Proceeds include $100 million from a private placement funding round led by Cantor Fitzgerald and SoftBank’s SBLA Advisers Corp. Liberty Strategic Capital also committed $150 million in private placement funds to help raise the funds.
Steven Mnuchin, founder of Liberty Strategic Capital and former Department of the Treasury secretary, will serve as the non-executive chairman of Satellogic’s board of directors.
Satellogic plans to use the money raised through the deal in efforts to establish its satellite constellation for mapping Earth’s surface.
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
Precision Aerospace & Defense Group and FACT II Acquisition, a special purpose acquisition company, have signed a definitive business combination agreement to…
LMI has announced the acquisition of intellectual property and advanced capabilities to broaden its in-transit visibility and asset tracking services for…
