Officina Stellare S.p.A. (the “Company”), with headquarters in Sarcedo (Vicenza), listed on Euronext Growth Milan (“EGM”) of the Italian Stock Exchange, has signed an investment agreement with shareholders Virgilio Holding S.p.A., Astro Alliance S.r.l., MIRAK Enterprise S.r.l. and Gino Bucciol (the “Major Shareholders”), owners of a stake in the share capital of the Company consisting of 4,677,690 shares and equal to 82.44% of its capital, and Nettar Group Inc. (“Nettar” and, jointly with the Company and the Major Shareholders, the “Parties”), a wholly-owned subsidiary of Satellogic Inc. (“Satellogic”) (NASDAQ: SATL), a geospatial company and a leader in sub-meter resolution, Earth Observation (EO) data collection (the “Investment Agreement”).
Gino Bucciol, Co-founder and Director of Business Development at Officina Stellare, said, “Officina Stellare and Satellogic have always had in their genetic code the innovative and disruptive approach imposed by the new challenges of the New Space Economy. Although operating in different domains, both companies have tried to seize the opportunities generated by the democratization of space. Therefore, there are the best conditions for this collaboration to be a starting point for new successful projects. The solid collaboration with a leading international group such as Satellogic will amplify the positive returns for the business, and it will attest Officina Stellare’s uniqueness as a primary Space Factory, appreciated worldwide for its in-house skillset and capabilities in the aerospace sector; a production facility where technology and versatility are at the highest levels. We are convinced that the synergies that will arise from this partnership will have positive impacts on the business of both companies, and will ensure a greater market penetration in those areas not yet conquered by our Group.”
Emiliano Kargieman, Co-founder and CEO of Satellogic Inc., said, “We are happy to support Officina Stellare in its growth trajectory with this investment that will strengthen our ongoing collaboration. They are a valued supplier and this agreement solidifies our shared commitment to continue to develop and improve Earth Observation technology through the use of advanced optical systems.”
For the in-depth details of this transaction, please email the company’s Investor Relations division at email@example.com.