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Geospatial constellation operator Satellogic: $90M stock offering provides enough cash for 12 months' operations
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Geospatial constellation operator Satellogic: $90M stock offering provides enough cash for 12 months' operations
LA PLATA, Maryland — Satellite geospatial imaging constellation operator Satellogic Inc. said its mid-October public offering of stock at $3.25 per share netted $90 million in gross proceeds and provides enough cash to run the businesses for at least a year. The sale, which closed Oct. 17, has resolved the cash crisis that gave rise to its accountants’ “going concern” notification, the company said in a Nov. 10 filing with the US Securities and …
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