The Tencent-backed geospatial data technology developer will acquire a Nasdaq listing through the transaction, giving it an $850m implied enterprise value.

Satellogic, a Uruguay-headquartered satellite imagery analytics provider backed by internet group Tencent, agreed a reverse takeover yesterday with special purpose acquisition company CF Acquisition Corp V.

The merged entity will take the Nasdaq Capital Market listing held by CF Acquisition Corp V since it went public in a $288m initial public offering in January 2021, and will have a pro forma enterprise valuation of $850m.

Internet and telecommunications firm SoftBank’s Latin America-focused SBLA Advisers Corp subsidiary is co-leading a…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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