Satellogic SPAC

TRANSACTION SUMMARY CF Acquisition Corp. V ("CFAC V") business combination with Nettar Group, Inc. d/b/a Satellogic ("Satellogic") at a pro forma enterprise value of $850mm TRANSACTION HIGHLIGHTS TRANSACTION SIZE VALUATION CAPITAL STRUCTURE OWNERSHIP¹,6 $250mm cash in trust from CF Acquisition Corp. V ("CFAC V")¹ ● $100mm PIPE² ● ● ● ● ● ● ● $850mm pro forma enterprise value Implies highly attractive valuation relative to peers Satellogic shareholders are rolling 100% of their equity in the transaction³ $274mm cash to balance sheet to fund the company's growth plan¹4 $41mm in proceeds will be used for debt repayment -64% existing fully diluted Satellogic equity holders5 -27% SPAC including founder shares -9% PIPE Investors² 1 Assumes no redemptions from CFAC V 2 Includes $33mm from Cantor Fitzgerald (including $10mm forward purchase agreement) and -$20mm from pre-PIPE funding 3 If up to two existing Satellogic convertible note holder(s) give(s) notice of their election to redeem their convertible notes, Satellogic and CFAC V will cooperate to arrange for the assignment (or replacement) of such notes 4 Assumes $35mm of transaction expenses 5 Includes 16.2 million pro forma shares (-14%) in the form of a warrant to an investor that may be exercised only in connection with a sale of the underlying shares 6 Excludes 8.3mm warrants held by the SPAC stockholders and 0.2mm warrants held by Sponsor; excludes 30% of sponsor promote subject to vesting at $12.50, $15.00 and $20.00 SATELLOGIC CONFIDENTIAL 4

View entire presentation