Satellogic SPAC merger with CF Acquisition Corp. V: PIPE
Satellogic, the Uruguay-based Earth observation operator, listed on Nasdaq by merging with Cantor's SPAC.
- Company
- Satellogic
- Type
- SPAC merger
- Status
- Completed
- Date
- 25 Jan 2022
- Value
- US$58.2m
- Value basis
- SPAC business combination; PIPE of US$58.2m at US$10.00 a share at closing (US$69.7m committed, reduced by shares non-redeeming subscribers already held)
- Region
- US
- Segment
- Listed equity
Parties
- Satellogic issuer
- CF Acquisition Corp. V (Cantor) merger partner
Key terms
- Merger agreement
- 5 Jul 2021
- PIPE
- US$69.7m committed, of which the sponsor about US$23.2m; US$58.2m sold at closing
- Closing
- 25 Jan 2022
Sources
- Satellogic shell company report (Form 20-F) on closing the business combination sec.gov · 27 Jan 2022
Record ORB-INV-2022-0012. Investments are kept apart from the financings register and never counted in debt totals.
