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Satellogic ( (SATL) ) has shared an announcement.
On June 5, 2025, Satellogic Inc. terminated a side letter agreement with Nettar Group Inc. and Hannover Holdings S.A., which previously allowed Hannover to nominate a board member if they held at least four percent of the company’s Class A common stock. Despite the termination, Miguel Gutiérrez will remain on the board as an independent director. Additionally, Marcos Galperin announced his resignation from the board effective June 6, 2025, which will result in the board size being reduced from eight to seven directors.
Spark’s Take on SATL Stock
According to Spark, TipRanks’ AI Analyst, SATL is a Neutral.
Satellogic’s overall stock score is primarily impacted by its poor financial performance, with consistent losses and a negative equity position. The valuation further reflects the company’s challenges with profitability. Technical analysis shows a somewhat neutral stance but does not offset the significant financial weaknesses.
To see Spark’s full report on SATL stock, click here.
More about Satellogic
Average Trading Volume: 1,190,354
Technical Sentiment Signal: Buy
Current Market Cap: $369.6M
Learn more about SATL stock on TipRanks’ Stock Analysis page.