Satellogic Announces $30 Million Strategic Investment from Tether Investments Limited
The net proceeds from the Offering, after deducting transaction fees and other debt issuance costs, were approximately $27.6 million.
- The net proceeds from the Offering, after deducting transaction fees and other debt issuance costs, were approximately $27.6 million.
- The Borrower has the ability to issue additional Secured Convertible Notes, provided the aggregate principal amount outstanding does not exceed $50 million.
- “The proceeds from Tether’s investment in Satellogic will help advance our mission as we continue to focus on our U.S. strategy, the National Security market, and our global Space Systems opportunities,” said Emiliano Kargieman, CEO & Founder of Satellogic.
- “This new facility will provide necessary funding as we look to continue expanding in 2024,” added Rick Dunn, CFO of Satellogic.