SpaceTech 2023 - Banner

Officina Stellare and Satellogic sign investment agreement

Earth observation space telescope assembly operations. Credit: Officina Stellare

Edinburgh / Sarcedo, 13 May 2022. – Italian Officina Stellare announced that it signed an investment agreement with shareholders Virgilio Holding, Astro Alliance, MIRAK Enterprise, Gino Bucciol and Nettar Group, a wholly-owned subsidiary of Satellogic, a geospatial company and leader in sub-meter resolution Earth observation data collection. 

Officina specializes in the design and manufacturing of opto-mechanical system instrumentation for the aerospace, research and defense-related markets. The four shareholders, Virgilio Holding, Astro Alliance, MIRAK Enterprise and Gino Bucciol own 4,677,690 shares equal to 82.44% of the company’s capital.

The Investment Agreement allows Nettar to purchase 283,725 shares representing 5% of Officina’s outstanding shares for a total of € 3,767,868. Officina will also issue and assign 524,715 warrants to Nettar. This gives Nettar the right to purchase further shares in three instalments over a period of 36 months. Furthermore, the Agreement authorizes a capital increase to a maximum of € 8,080,611.00.

Nettar also has the right to designate a director in the person of Emiliano Kargieman, Co-Founder and CEO of Satellogic. 

Check Also


EU SST Wins T.S. Kelso Award for Flight Safety Contributions

Space Data Association has announced The European Union Space Surveillance and Tracking Partnership (EU SST) as the recipient of the T.S. Kelso Award in recognition of outstanding contributions to space flight safety. The EU SST Partnership relies on the SSA capabilities of 15 Member states of the European Union to provide space safety services, with the EU Agency for the Space Programme (EUSPA) acting as the Front Desk.