Author: Nichols Martin|| Date Published: July 7, 2021
Satellogic, an Argentina-based satellite imagery provider to the government and commercial markets, has agreed to merge with New York-based CF Acquisition Corp. V (Nasdaq: CFV) in a transaction with an enterprise value of $850 million.
The Argentine satellite operator, also known as Nettar Group, intends to trade on the Nasdaq under the ticker symbol “SATL” upon the deal’s closure, the company said Tuesday.
CF Acquisition Corp. V operates as blank check company led by Chairman and CEO Howard Lutnick.
Satellogic noted it aims to increase the number of its satellites from 17 to 300 by 2025 through a launch agreement with SpaceX to offer a wide range of Earth imagery products to public and private sector customers for applications such event impact, food supply and climate change monitoring.
J.P. Morgan provides financial advisory to Satellogic on the transaction, while Friedman Kaplan Seiler & Adelman and Greenberg Traurig act as its legal counsel.
Cantor Fitzgerald & Co. and Hughes Hubbard & Reed serve as CFAC V’s financial and legal advisers, respectively.
Brian Meyer, federal field chief technology officer at Axonius Federal, said cybersecurity asset management could help government agencies make dozens…
“Technology transformation company Red River has acquired Invictus International Consulting to expand its cybersecurity and enterprise modernization capabilities to support…
Synergy ECP, a software engineering, cybersecurity and systems engineering services provider, has acquired NetServices, a company offering secure, mission-focused technology services. The…
Precision Aerospace & Defense Group and FACT II Acquisition, a special purpose acquisition company, have signed a definitive business combination agreement to…
LMI has announced the acquisition of intellectual property and advanced capabilities to broaden its in-transit visibility and asset tracking services for…
