XML 38 R15.htm IDEA: XBRL DOCUMENT
v3.25.1

Warrant Liabilities | 12 Months Ended
--- | ---
Dec. 31, 2024
Other Liabilities Disclosure [Abstract] |
Warrant Liabilities | Warrant Liabilities
| Liberty Warrants and Liberty Advisory Fee Warrant |  | PIPE Warrant |  | $8.63 Warrants |  | Total Warrant Liabilities
As of December 31, 2023 | $ | 2,017 |  |  | $ | 97 |  |  | $ | 681 |  |  | $ | 2,795 |
Change in fair value of financial instruments | 5,995 |  |  | 374 |  |  | 2,347 |  |  | 8,716 |
As of December 31, 2024 | $ | 8,012 |  |  | $ | 471 |  |  | $ | 3,028 |  |  | $ | 11,511 |
Liberty Warrants and Liberty Advisory Fee Warrant In 2022, the Liberty Warrants and the Liberty Advisory Fee Warrant were initially recognized as a liability with a fair value of $30.9 million. The Liberty Warrants and the Liberty Advisory Fee Warrant remain unexercised and were remeasured to a fair value of $8.0 million as of December 31, 2024. PIPE Warrant In 2022, the PIPE Warrant was initially recognized as a liability with a fair value of $1.3 million. The PIPE Warrant remains unexercised and was remeasured to fair value of $0.5 million as of December 31, 2024. $8.63 Warrants In connection with the Merger, we entered into the PIPE Warrant Agreement on January 25, 2022, with the Sponsor and CF V, which amended the Public Warrant Agreement, dated January 28, 2021. Pursuant to the Existing Warrant Agreement, we issued Public Warrants to purchase 8,333,333 shares of Class A common stock and 200,000 private placement Warrants. Additionally, we agreed to issue the Forward Purchase Warrant to purchase 333,333 shares of Class A common stock pursuant to the Amended and Restated Forward Purchase Agreement (together, with the Public Warrants and the private placement Warrants, the “$8.63 Warrants”). All of the $8.63 Warrants are governed by the Existing Warrant Agreement. The $8.63 Warrants became exercisable 30 days after the Closing Date, or February 25, 2022, and will expire five years after the Closing Date (January 25, 2027), or earlier upon redemption or liquidation. The $8.63 Warrants were initially recognized as a liability with a fair value of $4.9 million. On April 1, 2022, we determined pursuant to a warrant agreement executed by CF V on January 28, 2021, as modified and assumed by an assignment and assumption agreement executed on January 25, 2022, that the warrant price with respect to the warrants issued and outstanding was adjusted from $11.50 to $8.63 and the redemption price was adjusted from $18.00 to $13.50. The $8.63 Warrants had a fair value of $3.0 million as of December 31, 2024.

X
- Definition Warrant Liability Disclosure + References No definition available. + Details
Name: | satl_WarrantLiabilityDisclosureTextBlock
Namespace Prefix: | satl_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_OtherLiabilitiesDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration