08:42 AM EDT, 10/16/2025 (MT Newswires) -- Satellogic ( SATL ) said Thursday it has priced an underwritten public offering of about 27.7 million Class A common shares at $3.25 each.

The company said it also granted the underwriters a 30-day option to buy up to roughly 4.2 million more shares on the same terms.

The estimated gross proceeds are about $90 million, assuming no exercise of the underwriters' overallotment option, Satellogic ( SATL ) said.

The company also said the offering will likely close around Friday and its net proceeds are expected to be used for general corporate purposes.

Satellogic's ( SATL ) shares were down 18% in recent Thursday premarket activity.