Business
Satellogic Finalizes Move to U.S. Jurisdiction to Strengthen Market Position and Investor Access
NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- On March 26, 2025, Satellogic Inc. (NASDAQ: SATL) (the “Company”), consummated its previously announced domestication, pursuant to which the Company changed its jurisdiction of incorporation, domesticating as a corporation incorporated under the laws of the State of Delaware and discontinuing as a business company with limited liability incorporated under the laws of the British Virgin Islands. The Company’s business, assets and liabilities on a conso
About this update from Satellogic Inc.
[{"type":"image","alt":"Satellogic, Inc.","displaySize":"","headline":null,"caption":"Satellogic, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":70,"url":"https://media.zenfs.com/en/globenewswire.com/64780308c3b82915890daca3159b0485"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/DbNlXBtXgS0Wwq57a0Iw6w--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTk4O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/64780308c3b82915890daca3159b0485","width":300,"height":70}},"lazy":false},{"type":"text","content":"NEW YORK, March 26, 2025 (GLOBE NEWSWIRE) -- On March 26, 2025, Satellogic Inc. (NASDAQ: SATL) (the “Company”), consummated its previously announced domestication, pursuant to which the Company changed its jurisdiction of incorporation, domesticating as a corporation incorporated under the laws of the State of Delaware and discontinuing as a business company with limited liability incorporated under the laws of the British Virgin Islands. The Company’s business, assets and liabilities on a consolidated basis, as well as its Board of Directors, the Company’s executive officers, principal business locations (other than its principal executive office) and fiscal year, were the same immediately after the domestication as they were immediately prior to the domestication. Additionally, the Company’s Class A common stock will continue to trade under the ticker symbol “SATL” and its publicly-traded warrants will continue to trade under the ticker symbol “SATLW.”","length":968,"tagName":"p","attribs":{}},{"type":"text","content":"“We are incredibly excited about the strategic realignment of Satellogic as a U.S. company,” said Emiliano Kargieman, the Company’s Chief Executive Officer. “We believe this realignment provides better visibility to our investors and customers and better positions the Company to capture high value growth opportunities as it relates to competing for U.S. and allied government contracts.”","length":389,"tagName":"p","attribs":{}},{"type":"text","content":"About Satellogic","length":16,"tagName":"p","attribs":{}},{"type":"text","content":"Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic (NASDAQ: SATL) is the first vertically integrated geospatial company, driving real outcomes with planetary-scale insights. Satellogic is creating and continuously enhancing the first scalable, fully...