Cantor Fitzgerald Amends Satellogic Stake Filing

TL;DR

Cantor Fitzgerald just updated their Satellogic filing - ownership change incoming.

AI Summary

Cantor Fitzgerald, L.P. filed an amendment (No. 3) to its Schedule 13D on November 27, 2024, regarding its holdings in Satellogic Inc. The filing indicates a change in beneficial ownership, with Howard W. Lutnick listed as a key individual associated with Cantor Fitzgerald. The specific details of the ownership change and the total number of shares held are not fully detailed in this excerpt.

Why It Matters

This filing signals a potential shift in the ownership structure or investment strategy of Satellogic Inc., which could impact its stock price and future corporate actions.

Risk Assessment

Risk Level: medium — Schedule 13D filings often indicate significant ownership changes or activist investor intentions, which can introduce volatility.

Key Players & Entities

• Cantor Fitzgerald, L.P. (company) — Filing entity
• Satellogic Inc. (company) — Subject company
• Howard W. Lutnick (person) — Associated individual with Cantor Fitzgerald
• 212-938-5000 (phone_number) — Contact number for Howard W. Lutnick

FAQ

Key Financial Figures

• $0.0001 — e of Issuer) Class A Ordinary Shares, $0.0001 par value (Title of Class of Securiti

Filing Documents

• ea0222777-13da3cantor_sate.htm (SC 13D/A) — 130KB
• 0001213900-24-103484.txt ( ) — 132KB

of the Prior Schedule 13D is hereby amended

Item 5 of the Prior Schedule 13D is hereby amended and restated as follows: (a)-(b) The aggregate number and percentage of Class A Ordinary Shares beneficially owned by each of the Reporting Persons are on the basis of a total of 78,089,268 Class A Ordinary Shares issued and outstanding as of June 30, 2024, as reported by the Issuer in Exhibit 99.1 to its Form 6-K filed by the Issuer with the SEC on August 15, 2024. As of the date hereof: (i) CFAC directly owns, is the beneficial owner of, and has shared voting and dispositive power with respect to, 10,488,738 Class A Ordinary Shares (including up to 1,863,696 Class A Ordinary Shares that are subject to forfeiture based on vesting and earn-out targets as further described in Item 4 of the Prior Schedule 13D) and 533,333 Class A Ordinary Shares underlying an equal number of warrants to purchase Class A Ordinary Shares held by CFAC which are exercisable within 60 days. (ii) CF&Co. directly owns, is the beneficial owner of, and has shared voting and dispositive power with respect to, 2,078,064 Class A Ordinary Shares. (iii) CFS directly owns, is the beneficial owner of, and has shared voting and dispositive power with respect to, 814,071 Class A Ordinary Shares. CFS may be deemed the beneficial owner of, and has shared voting and dispositive power with respect to, 2,0178,064 Class A Ordinary Shares directly owned by CF&Co. CFS disclaims any ownership of the Class A Ordinary Shares directly owed by CF&Co. other than to the extent of any pecuniary interest it may have therein, directly or indirectly. (iv) Cantor, as the sole member of CFAC and the indirect holder of a majority of the equity interests of CF&Co. and CFS, controls each of CFAC, CF&Co. and CFS and may be deemed to beneficially own, and has shared voting and dispositive power with respect to, all Class A Ordinary Shares directly owned by CFAC, CF&Co. and CFS. Cantor disclaims any ownership of such Class A Ordinary Shares other than to the extent of a

of the Prior Schedule 13D is hereby amended

Item 6 of the Prior Schedule 13D is hereby amended and supplemented by updating previously reported information with respect to the following item: On November 25, 2024, Mr. Lutnick resigned as a member of the board of directors of the Issuer (the “Board”) effective immediately. Mr. Lutnick’s resignation follows his recent nomination by U.S. President Donald J. Trump to serve as U.S. Secretary of Commerce. Mr. Lutnick’s decision to resign was not a result of any disagreement with the Issuer, the Issuer’s management or the Board. 9 SIGNATURE After reasonable inquiry and to the best of each of the undersigned’s knowledge and belief, each of the undersigned certifies that the information set forth in this Amendment with respect to the undersigned is true, complete and correct. Date: November 27, 2024 CANTOR FITZGERALD, L.P. By: /s/ Howard W. Lutnick Name: Howard W. Lutnick Title: Chairman and Chief Executive Officer CF GROUP MANAGEMENT, INC. By: /s/ Howard W. Lutnick Name: Howard W. Lutnick Title: Chairman and Chief Executive Officer CFAC HOLDINGS V, LLC By: /s/ Howard W. Lutnick Name: Howard W. Lutnick Title: Chairman and Chief Executive Officer CANTOR FITZGERALD & CO. By: /s/ Howard W. Lutnick Name: Howard W. Lutnick Title: Chairman CANTOR FITZGERALD SECURITIES By: /s/ Howard W. Lutnick Name: Howard W. Lutnick Title: Chairman and Chief Executive Officer /s/ Howard W. Lutnick Howard W. Lutnick [Signature Page to Amendment No. 3 to Schedule 13D, dated November 27, 2024, of Cantor Fitzgerald, L.P., CF Group Management, Inc., CFAC Holdings V, LLC, Cantor Fitzgerald & Co., Cantor Fitzgerald Securities and Howard W. Lutnick –Satellogic Inc.]

View Full Filing

View this SC 13D/A filing on SEC EDGAR