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Get filing alertsRisk Profile Improvements
- Going Concern (removed) — Prior-year auditor opinion disclosed substantial doubt about ability to continue operations; current-year opinion contains no such language after $145M in equity raises.
Satellogic raises $145M, resolves going concern, launches AI satellite platform Merlin
Filed March 19, 2026 · Period ending December 31, 2025 · Compared to 10-K Mar 26, 2025 · ~1 min read
Key Changes
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Going-concern doubt removed after three equity raises totaling $145M (April, October 2025, January 2026); cash increased to $94M from $23M, stockholders' equity turned positive at $61M.
Notes: Going Concern verify on EDGAR → -
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Merlin AI-First constellation announced, fully funded by existing contracts, launching Q4 2026 with on-orbit analytics and inter-satellite links for near real-time alerts.
Business: Merlin constellation verify on EDGAR → -
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Revenue grew 38% to $17.7M; operating loss narrowed 41% to $31M; net loss reduced 96% to $4.8M driven by $26M fair value gain on convertible notes.
MD&A: Financial Results verify on EDGAR →
2 more material changes behind this preview — plus the full narrative summary, section-by-section diffs against the prior filing, and verbatim quotes with EDGAR citations.
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Generated by AI · Jun 5, 2026 1:37 PM