EU Space Week - 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

#SpaceWatchGL Opinion: ISU SSP22 Special – Team Project – Microgravity enables a better life on Earth

Microgravity enables a better life on Earth – The case of protein crystallization from a TP of the SSP 2022 edition in Portugal. A 3Is (international-intercultural-interdisciplinary) team of 22 participants of the SSP2022 in Portugal has intensively brainstormed this summer to identify the business potential of doing research in space-based microgravity conditions.