Satellogic secures $30 million from Tether Investments for strategic expansion
Tuesday, 16 April 2024 ()
Los Angeles CA (SPX) Apr 15, 2024
Satellogic Inc. (NASDAQ: SATL) has announced a significant capital injection of $30 million through a Note Purchase Agreement with Tether Investments Limited, marking a pivotal step in its expansion efforts. The agreement allows Nettar Group, Inc., a wholly-owned subsidiary of Satellogic, to issue Secured Convertible Notes to the investor with the potential for issuing additional notes up to a t
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