CF Acquisition V Rolls Another $150M Into Satellogic Deal

CF Acquisition Corp. V

CF Acquisition V in an 8-K filing today disclosed it has secured a commitment from Liberty Strategic Capital to buy up to $150 million in shares and warrants. The funds will support the SPAC’s planned acquisition of Satellogic.

The business combination values Satellogic at an implied pro forma enterprise value of $850 million.

Liberty Strategic Capital is a private equity firm founded and led by Steven Mnuchin, former secretary of the Treasury.

CF Acquisition V has called and adjourned shareholder meetings three times since early December without voting on the Satellogic deal, each time citing the need for more time to secure additional funding ahead of expected heavy redemptions. A vote date is now set for Jan. 24.

Based in Argentina, Satellogic is building the first scalable, fully automated Earth observation platform with the ability to remap the entire planet at both high-frequency and high-resolution, which the compan ysaid will provide “accessible and affordable solutions for geospatial data customers.” Read more.

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