Labour members have gathered in Christchurch for their annual conference. Leader Chris Hipkins is set to speak at 2pm. The speech will be live-streamed at the top of this story. The party is debating a “captain’s call” ban and Aukus. Labour Party deputy leader Carmel Sepuloni told Labour members the coalition Government needs a “nana, tinā or kuia” to keep its three leaders together . At the Labour Party conference in Christchurch today, Sepuloni adhered to the time-honoured tradition in speeches made by deputy leaders of winding up the coalition Government, saying the fact she’d recently become a grandparent had given her the idea the coalition itself needed a grandparent in the room. A kuia, Sepuloni said, would have stopped Prime Minister Christopher Luxon from giving David Seymour a chance to introduce the Treaty Principles Bill to Parliament or allowing NZ First to take the reins of the Government’s Smokefree strategy. “David wants all the toys,” Seuponi said.
The Clark County boys and girls basketball teams opened the 2024-25 season on the road last week. Both squads have new coaches this year. New coach Brock Egley led the boys to a 53-51 win over the Tigers. The girls team is under coach Jade Birck. The Indians lost to Scotland County 50-45. “The game was very competitive and came down to the last few possessions,” Birck said. Sydney Binsbacher, a freshman at Clark County, had 25 points and was the Indians top rebounder. Charlee Holland led Scotland County with 17 points. She made three of her team’s five 3-pointers, two in the second quarter when the Tigers outscored the Indians 17-6. Karyn Hamlin added 15 points. The Indians led 14-10 at the first quarter break but trailed 27-20 at halftime. The third quarter was a 12-11 advantage for the Indians to trail 38-32. Binsbacher scored 11 points in the fourth quarter alone and eight in the third quarter after seven in the first half. Tianna Little scored eight points. Clark County teammates Maggie Wheeler had four points and Kayleigh Yates three. Emery Goings and Trinity Little had two points apiece. Both boys and girls teams play in the Classic this week.Galloway gin distillery harbours expansion hopes
TAMPA — K’Andre Miller, back in the lineup as the Rangers returned to action following the NHL’s Christmas break on Saturday night against the Lightning, was hoping things might be different. “I think this could really be the turn to our season,’’ Miller said at the Rangers’ morning skate. “Everybody's rested, everybody's ready to go, and kind of a new mindset.’’ “We've only got one direction to move in,’’ Rangers coach Peter Laviolette added. Apparently not, as the break turned out not to be the catalyst to the reversal of fortune Miller was hoping for. The Lightning scored two power play goals, two shorthanded goals, and chased goalie Igor Shesterkin as they beat the Rangers, 6-2, at Amalie Arena, handing the visitors their third straight loss and 14th in their last 18 games. Brayden Point had two goals and an assist, and the Lightning also got goals from Nikita Kucherov, Anthony Cirelli and ex-Rangers captain Ryan McDonagh. Goaltender Andrei Vasilevskiy made 42 saves and in the middle period, as the Lightning scored three goals against Shesterkin, the home fans chanted, “Vasi’s better!’’ For the Rangers, things could get worse before they get better. Their next game on Monday is against the defending champion Florida Panthers in the finale of the two-game post-Christmas road trip. With 46 points, Florida is 13 points ahead of the Rangers in the Eastern Conference standings. Miller wasn’t the only player returning to the Rangers’ lineup. Left wing Chris Kreider also was back in after being a healthy scratch in the Blueshirts’ last game before the break, the 5-0 loss to the Devils. Kreider took the first shot on goal of the game and totaled six shots. But he was on ice for both shorthanded goals and was a minus-3. In his return, Miller was partnered with the newest Ranger, Will Borgen, in a sort of new-look defense corps. Urho Vaakanainen, the second-newest Ranger, was paired with Braden Schneider, while Adam Fox and Ryan Lindgren remained together on the top defense pair. So much of the game was played on special teams, though. Fourth line center Sam Carrick was called for three minor penalties, and the Lightning scored on two of them (the Rangers scored on the other, a shorthanded effort by Vincent Trocheck). Carrick’s first penalty was a trip of Cam Atkinson 1:46 into the game. Nikita Kucherov made the Rangers pay when he drove the net and tapped in a sweet cross-ice pass from Point. The Rangers shrugged off the bad start, though, and began to take control of the period, badly outshooting the Lightning — at one point the shots were 14-3 — and eventually tying the score, 1-1, on a goal by Artemi Panarin, his 16th of the season, but first in his last eight games, at 9:23. At that point, it looked like the Rangers might begin the turnaround there, but the Lightning’s first shorthanded goal, by McDonagh with 1:49 remaining in the first period, seemed to take the steam out of the visitors. The play started when the struggling Mika Zibanejad fired a shot that Vasilevskiy saved, and Cirelli lifted Kreider’s stick as he tried to get to the rebound, allowing McDonagh to pick up the puck and skate the other way on a three-on-one break. Adam Fox cut off the passing lane, so McDonagh shot the puck from the wing. Shesterkin got plenty of the puck, but it slipped between his stick arm and side and went in — a soft goal — and all the work the Rangers had done to catch up was suddenly moot. Point scored his first goal at 3:35 of the second period, to make it 3-1, and Cirelli’s shorthanded goal made it 4-1 at 5:02. Point jammed in a rebound for his second goal, on the power play at 8:08, to make it 5-1. That one was reviewed to see if there was goaltender interference, but the goal was good, and Laviolette pulled Shesterkin at that point. It was the second time in his last five starts that he was pulled. He allowed five goals on 13 shots. Trocheck’s goal, 13 seconds into the third period, gave the Rangers hope for a little while that perhaps an improbable comeback was possible. But Nick Paul’s goal, at 14:12 of the period, took that hope away. Colin Stephenson covers the Rangers for Newsday. He has spent more than two decades covering the NHL and just about every sports team in the New York metropolitan area.
City of Boston adds Bluesky to social media repertoire, keeping X account: ‘Making moves’Righteous 80s and 90s retro retailer Manic Media opens in Shirt Factory...It's totally tubular!
Wedbush Securities Global Head of Technology Research Dan Ives has noted that Tesla could achieve a $2 trillion market cap in the coming 12 to 18 months. The analyst stated that the company’s advancements in AI and autonomous technology could play a part in Tesla’s rise. During a segment on CNBC’s Closing Bell , Ives noted that Tesla has a lot of potential to grow even more despite its recent rally. As per the analyst, Tesla’s autonomous driving efforts alone could be worth a trillion dollars, so it would not be a surprise if the electric vehicle maker hits a $2 trillion valuation. “I believe Tesla is a stock that can ultimately double from here over the next 12 to 18 months. Autonomous itself, we think, is worth $1 trillion. So when you think, today, I view Tesla as the most undervalued name in the market. It is not ridiculous,” Ives noted. We believe Cybercab and Autonomous is worth $1 trillion alone to the Tesla story @CNBCOvertime @CNBC @CNBCtech 🔥🏆🍿🐂📺🌎 https://t.co/8qQ0MHgaTn The Wedbush analyst also noted in a report that Musk’s rapport with a Trump-led administration could pave the way for Tesla to expedite its self-driving car initiatives. “We fully expect under a Trump White House, those initiatives will now get fast tracked as the federal regulatory spiderweb that Musk & Co have encountered over the past few years clears significantly,” Ives noted . Wedbush has rated Tesla stock as Outperform, setting a price target at $400, one of the highest in the Street. Tesla stock has seen a lot of momentum following Donald Trump’s win in the 2024 U.S. presidential elections. As of Friday’s close, Tesla shares were ahead nearly 40% for the year. The company has also reached a market cap of about $1.07 trillion, making it one of only eight companies in the market with a valuation of more than a trillion dollars. Watch Dan Ives’ interview with CNBC ‘s Closing Bell in the video below. Don’t hesitate to contact us with news tips. Just send a message to simon@teslarati.com to give us a heads up.None
Forrest's 30 lead N.C. A&T past North Carolina Central 85-72
The No. 2 Ohio State Buckeyes hoped Saturday’s loss to the Michigan Wolverines was just a bad dream, but unfortunately, it wasn’t. For the fourth consecutive year, the Buckeyes fell to their archrivals, and this time, as 21-point underdogs ( ). Immediately following the 13-10 loss, between both teams after Michigan players attempted to plant their flag on Ohio State's midfield logo. Javascript is required for you to be able to read premium content. Thanks for the feedback.Growing Muslim Population: A Key Driver Transforming the Islamic Finance Market 2024
The chairs of an annual science and technology conference say Nobel Prize recipient Geoffrey Hinton is donating some of his winnings to create a new award. They say of the Neural Information Processing Systems conference say the US$10,000 award will be handed out at the event each year. It will be given to teams of two or more researchers under the age of 40 who write a paper proposing a novel theory of how the brain works. The award will be named the Sejnowski-Hinton Prize after computational neurobiologist Terry Sejnowski and AI pioneer Hinton. Hinton received the Nobel for physics along with computer scientist John Hopfield earlier this week in Stockholm. Hinton has said he will also donate a portion of the 11 million Swedish kronor — about $1.4 million Canadian dollars — prize money he and Hopfield will split to Water First, an organization working to boost Indigenous access to water. This report by The Canadian Press was first published Dec. 13, 2024. Tara Deschamps, The Canadian PressForrest's 30 lead N.C. A&T past North Carolina Central 85-72
A group of seven conservative and free market New England think tanks warns in a newly released report that green energy policies, combined with public benefit charges in Connecticut, could lead to increased electricity costs and rolling blackouts in the region. The report prepared by Always On Energy Research describes renewable energy mandates and climate goals in most New England states as failed policy and estimates that compliance will cost the six-state region’s residents more than $815 billion through 2050. The Yankee Institute for Public Policy in Connecticut was one of the groups that commissioned the report released last month. “Connecticut already endures one of the highest electricity rates in the nation,” said Andy Fowler, communications director for the Yankee Institute. “Just this past summer, our state’s residents and businesses experienced a large spike in rates due to an increase in the public benefits charge, which passes along to consumers the cost of government mandates imposed on power companies for a variety of state energy policies including green renewable energy.” Environmental advocates pushed back on the report. The Acadia Center, a climate and clean energy advocacy group based in the Northeast, said the report is inaccurate, misleading, and presents a deeply flawed analysis and distorted view of the region’s future energy outlook. The study makes five policy recommendations: Reconsider emission reductions goals in the context of affordability and reliability of electricity. Lift state moratoriums on building new nuclear power plants. Allow nuclear energy to compete against renewable energy technologies to meet state mandates to reduce greenhouse gas emissions. Detail the cost of state mandates for procurement contracts for certain types of energy. Require state pension funds publicly report investment fees to gauge the costs and benefits environmental, social and governance investment policies.
The standard Lorem Ipsum passage, used since the 1500s "Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum." Section 1.10.32 of "de Finibus Bonorum et Malorum", written by Cicero in 45 BC "Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, sed quia non numquam eius modi tempora incidunt ut labore et dolore magnam aliquam quaerat voluptatem. Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam, nisi ut aliquid ex ea commodi consequatur? Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem eum fugiat quo voluptas nulla pariatur?" To keep reading, please log in to your account, create a free account, or simply fill out the form below.Kangkan Kalita is a reporter with The Times of India and covers issues on health, education, stories of human interest while keeping a close watch on political developments and student movements. Reporting on environment and forest related issues and concerns of the northeast interest him equally. Read More Morning habits that can help improve concentration and performance at work Graceful snaps of Helly Shah Statement wedding jewellery inspired by ardent gemstone lover Nita Ambani Elegant snaps of Malavika Mohanan 10 simple ways you can boost productivity at work Vaani Kapoor's winter formal styling sets the next big fashion trend 10 authors who went viral on social media in 2024 Rasha Thadani's all-black look exudes chic elegance 8 tips to protect home garden in wintersSenior students in Surrey high schools will get a chance to take online classes next school year, in the board's latest strategy to free up classroom space. "Hybrid learning is a blend of face-to-face and online learning for students and in our context, for kids in the senior Grades 10, 11 and 12," explained Perry Smith, assistant superintendent for Guildford-area schools. Exploring hybrid learning is motivated by a "capital crunch" trustee Bob Holmes says the district is facing, as student enrolment outpaces available school space. While the permanent implementation of hybrid classes would be new, students got a taste for the model during the pandemic years when schools were running classes virtually. As well, teachers became accustomed to the model and likely have learned lessons to improve on this time around, district staff suggested. "We identified many benefits of hybrid learning in our secondary schools," Smith said, pointing to research on the topic to support the claim. The superintendent explained that students will have a choice of going home for their online blocks, staying at school in shared spaces or being out in the community, for example, at a library. For those students who do not have access to internet services or personal electronic devices, technology will be provided so the opportunity is more inclusive, Smith said. He added that the district would receive a grant to make this possible. "While there is a side benefit for students to get ready for the 21st century, as previous speakers have mentioned, the reality is that this was driven because we have such a shortage of space," chair Gary Tymoschuk said. The issue of overcrowding in Surrey Schools can be seen at nearly every school, with trustee Laurie Larsen noting Walnut Road Elementary, that is set to receive a prefabricated module. "They have had one playground for 800 students because the other playground has been cordoned off, they have no greenspace, they have no adequate parking for parents, visitors or for staff. Staff are double parking so they all have to know which teacher is in front of them so they can let them know when they have to leave," Larsen said. The trustee added that prefabs do not provide everything. "We appreciate the modulars, I don’t want to say that we don’t but the modulars do only give the classroom," Larsen said. "They don’t give the gym space, they don’t give any extra outdoor space, they don’t give any library space and especially for the gym so in that school, they have to have three assemblies for every event.. because the gym is too small and the occupancy is just over 300 people." Walnut Road also has nine portables on school site and with the addition of the modulars, whether those portables will remain on site is still unknown. According to the board, affording to relocate the portables may be a challenge. Staff recommended for the board to approve the implementation of up to three senior level courses in a hybrid learning model at secondary schools as a trial for next school year, available on an optional basis. The board unanimously passed the motion.
Radhika Merchant celebrated Christmas 2024 in style, hosting a grand party with the Ambani family in Jamnagar. The star-studded affair saw celebrities like Janhvi Kapoor, Khushi Kapoor, Ananya Panday, Orry, Shanaya Kapoor, Sara Ali Khan and many more in attendance. However, it was the Ambani choti bahu who stole the show with her stunning outfits. From elegant dresses to cosy nightwear, Radhika's wardrobe served endless fashion inspiration. Let's decode her looks and take some inspiration. (Also read: Radhika Merchant proves she can make even a pyjama set look stylish at Ambani Christmas party; it costs just ₹ 5.4K ) Red mini dress A post shared by Bollywood Celebrity Style (@bollywoodwomencloset) For her first look that made a splash on social media, Radhika embraced Christmas vibes in stunning red mini dress by Celine. Made from luxurious shimmery velvet, the dress featured a turtleneck, full sleeves, a flowing silhouette, and a mini hemline. She styled it with black stockings and a white furry half-coat, adding a cosy touch. Radhika accessorised her look with black Jimmy Choo boots and diamond drop earrings. Glam makeup and a chic curtain bangs haircut perfectly completed her look. Golden fringe gown A post shared by EatTweetBlog (@eattweetblog) In another look, Radhika turned heads in a glamorous golden shimmer gown. The stunning outfit featured a deep plunging neckline and signature metallic cords all over, creating a bold statement. The figure-hugging silhouette accentuated her curves perfectly. Her gown is from the label Rimzim Dadu and is priced at ₹ 3.5 lakh. She elevated the look with diamond stud earrings, a sleek bracelet, metallic stiletto heels, dewy makeup, and loose waves, exuding elegance. Pink satin pyjama set A post shared by Bollywood Celebrity Style (@bollywoodwomencloset) For her third look, Radhika opted for a cosy pink satin pyjama set. It featured a chic button-down top with long sleeves paired with matching pyjamas. The adorable candy cane print made it a perfect choice for Christmas celebrations. Her outfit is from Pretty Little Thing and is priced at $65 (approximately ₹ 5,400). She kept it simple with minimal makeup and open tresses.Vance takes on a more visible transition role, working to boost Trump’s most contentious picks
NEW YORK--(BUSINESS WIRE)--Dec 10, 2024-- Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation data, announced today it has closed its previously announced $10 million private placement, pursuant to which the Company issued an aggregate 3,571,429 Class A Ordinary Shares to a single institutional investor at a purchase price of $2.80 per share. The Company expects to use the net proceeds from the offering for general corporate purposes. The Company also announced today that it has filed a shelf registration statement on Form F-3 (the “Shelf Registration Statement”) to register the resale of the shares issued in the private placement as required under the share purchase agreement entered into in connection with the transaction. The Shelf Registration Statement also contemplates the primary issuance of up to $150 million aggregate amount of Class A Ordinary Shares. Accordingly, if and when the Shelf Registration Statement is declared effective, it will permit the offer and sale, from time to time, in one more series or issuance and on terms to be determined at the time of the offering, the resale of the private placement shares and the offer and sale by the Company of up to $150 million aggregate amount of Class A Ordinary Shares. “We are pleased to have successfully completed this private placement, which strengthens our balance sheet and positions us for continued growth as we advance our mission and continue our focus on our U.S. strategy, the National Security market, and our global Space Systems opportunities,” said Emiliano Kargieman, CEO & Founder, of Satellogic. Rick Dunn, Chief Financial Officer, added, “This shelf registration statement allows for future flexibility in our capital markets strategy by establishing a framework for potential future capital raising opportunities.” Should the Company decide to raise capital in a future offering using the Shelf Registration Statement, the Company will describe the specific details of that future offering in a prospectus supplement that is filed with the SEC. The Shelf Registration Statement has been filed with the SEC but is not yet effective. The Class A Ordinary Shares included therein may not be sold nor may offers to buy be accepted under the Shelf Registration Statement prior to the time it becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities of the Company in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. About Satellogic Satellogic is a leading provider of sub-meter resolution satellite imagery that delivers real-time insights for governments, industries, and consumers worldwide. With its growing constellation of small satellites, Satellogic offers scalable, cost-effective solutions for high-frequency Earth observation. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Satellogic’s current expectations and beliefs concerning future developments and their potential effects on Satellogic and include statements concerning the Company’s strategies, future opportunities, recently completed private placement and plans regarding the Shelf Registration Statement. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by, an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Satellogic. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) our ability to generate revenue as expected; (ii) our ability to continue as a going concern; (iii) our ability to effectively market and sell our EO services and to convert contracted revenues and our pipeline of potential contracts into actual revenues; (iv) risks related to the secured convertible notes issued by the Company’s wholly-owned subsidiary, Nettar Group Inc.; (v) the potential loss of one or more of our largest customers; (vi) the considerable time and expense related to our sales efforts and the length and unpredictability of our sales cycle; (vii) risks and uncertainties associated with defense-related contracts; (viii) risks related to our pricing structure; (ix) our ability to scale production of our satellites as planned; (x) unforeseen risks, challenges and uncertainties related to our expansion into new business lines; (xi) our dependence on third parties, to transport and launch our satellites into space; (xii) our reliance on third party vendors and manufacturers to build and provide certain satellite components, products, or services; (xiii) our dependence on ground station and cloud-based computing infrastructure operated by third parties for value added services, and any errors, disruption, cybersecurity incidents, performance problems, or failure in their or our operational infrastructure; (xiv) risks related to certain minimum service requirements in our customer contracts; (xv) market acceptance of our EO services and our dependence upon our ability to keep pace with the latest technological advances; (xvi) our ability to identify suitable acquisition candidates or consummate acquisitions on acceptable terms, or our ability to successfully integrate acquisitions; (xvii) competition for EO services; (xviii) challenges with international operations or unexpected changes to the regulatory environment in certain markets; (xix) unknown defects or errors in our products; (xx) risk related to the capital-intensive nature of our business and our ability to raise adequate capital to finance our business strategies; (xxi) uncertainties regarding our previously announced and ongoing efforts to reduce operational costs and control spending, including workforce reductions; (xxii) uncertainties beyond our control related to the production, launch, commissioning, and/or operation of our satellites and related ground systems, software and analytic technologies; (xxiii) the failure of the market for EO services to achieve the growth potential we expect; (xxiv) risks related to our satellites and related equipment becoming impaired; (xxv) risks related to the failure of our satellites to operate as intended; (xxvi) production and launch delays, launch failures, and damage or destruction to our satellites during launch; (xxvii) significant risks and uncertainties related to our insurance that may not be covered by insurance; and (xxviii) the impact of natural disasters, unusual or prolonged unfavorable weather conditions, epidemic outbreaks, terrorist acts and geopolitical events (including the ongoing conflicts between Russia and Ukraine, in the Gaza Strip and the Red Sea region) on our business and satellite launch schedules. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Satellogic’s Annual Report on Form 20-F and other documents filed or to be filed by Satellogic from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Satellogic assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Satellogic can give no assurance that it will achieve its expectations. View source version on businesswire.com : https://www.businesswire.com/news/home/20241210774054/en/ CONTACT: Investor Relations: Ryan Driver, VP of Strategy & Corporate Development ryan.driver@Satellogic.com KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SATELLITE SOURCE: Satellogic Inc. Copyright Business Wire 2024. PUB: 12/10/2024 05:40 PM/DISC: 12/10/2024 05:40 PM http://www.businesswire.com/news/home/20241210774054/enLife Science Analytics Software Market Trend 2024-2033: Focusing on Artificial Intelligence-powered Analytics Platforms
Forrest's 30 lead N.C. A&T past North Carolina Central 85-72MILWAUKEE (AP) — Giannis Antetokounmpo was available for the Milwaukee Bucks against the Washington Wizards Saturday night after missing one game with swelling in his left knee. Antetokounmpo sat out the Bucks' 106-103 NBA Cup victory at Miami on Tuesday. The two-time MVP had been listed as probable with tendinopathy in his right patellar tendon. “He's good,” Bucks coach Doc Rivers said before the game. Antetokounmpo entered Saturday as the league's leading scorer at 32.4 points per game. He ranked fifth in rebounds (11.9) and 20th in assists (6.4). ___ AP NBA: The Associated Press
NEW YORK--(BUSINESS WIRE)--Dec 10, 2024-- Satellogic Inc. (NASDAQ: SATL), a leader in sub-meter resolution Earth Observation data, announced today it has closed its previously announced $10 million private placement, pursuant to which the Company issued an aggregate 3,571,429 Class A Ordinary Shares to a single institutional investor at a purchase price of $2.80 per share. The Company expects to use the net proceeds from the offering for general corporate purposes. The Company also announced today that it has filed a shelf registration statement on Form F-3 (the “Shelf Registration Statement”) to register the resale of the shares issued in the private placement as required under the share purchase agreement entered into in connection with the transaction. The Shelf Registration Statement also contemplates the primary issuance of up to $150 million aggregate amount of Class A Ordinary Shares. Accordingly, if and when the Shelf Registration Statement is declared effective, it will permit the offer and sale, from time to time, in one more series or issuance and on terms to be determined at the time of the offering, the resale of the private placement shares and the offer and sale by the Company of up to $150 million aggregate amount of Class A Ordinary Shares. “We are pleased to have successfully completed this private placement, which strengthens our balance sheet and positions us for continued growth as we advance our mission and continue our focus on our U.S. strategy, the National Security market, and our global Space Systems opportunities,” said Emiliano Kargieman, CEO & Founder, of Satellogic. Rick Dunn, Chief Financial Officer, added, “This shelf registration statement allows for future flexibility in our capital markets strategy by establishing a framework for potential future capital raising opportunities.” Should the Company decide to raise capital in a future offering using the Shelf Registration Statement, the Company will describe the specific details of that future offering in a prospectus supplement that is filed with the SEC. The Shelf Registration Statement has been filed with the SEC but is not yet effective. The Class A Ordinary Shares included therein may not be sold nor may offers to buy be accepted under the Shelf Registration Statement prior to the time it becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of securities of the Company in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. About Satellogic Satellogic is a leading provider of sub-meter resolution satellite imagery that delivers real-time insights for governments, industries, and consumers worldwide. With its growing constellation of small satellites, Satellogic offers scalable, cost-effective solutions for high-frequency Earth observation. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intends”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “should”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements are based on Satellogic’s current expectations and beliefs concerning future developments and their potential effects on Satellogic and include statements concerning the Company’s strategies, future opportunities, recently completed private placement and plans regarding the Shelf Registration Statement. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. These statements are based on various assumptions, whether or not identified in this press release. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by, an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Satellogic. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) our ability to generate revenue as expected; (ii) our ability to continue as a going concern; (iii) our ability to effectively market and sell our EO services and to convert contracted revenues and our pipeline of potential contracts into actual revenues; (iv) risks related to the secured convertible notes issued by the Company’s wholly-owned subsidiary, Nettar Group Inc.; (v) the potential loss of one or more of our largest customers; (vi) the considerable time and expense related to our sales efforts and the length and unpredictability of our sales cycle; (vii) risks and uncertainties associated with defense-related contracts; (viii) risks related to our pricing structure; (ix) our ability to scale production of our satellites as planned; (x) unforeseen risks, challenges and uncertainties related to our expansion into new business lines; (xi) our dependence on third parties, to transport and launch our satellites into space; (xii) our reliance on third party vendors and manufacturers to build and provide certain satellite components, products, or services; (xiii) our dependence on ground station and cloud-based computing infrastructure operated by third parties for value added services, and any errors, disruption, cybersecurity incidents, performance problems, or failure in their or our operational infrastructure; (xiv) risks related to certain minimum service requirements in our customer contracts; (xv) market acceptance of our EO services and our dependence upon our ability to keep pace with the latest technological advances; (xvi) our ability to identify suitable acquisition candidates or consummate acquisitions on acceptable terms, or our ability to successfully integrate acquisitions; (xvii) competition for EO services; (xviii) challenges with international operations or unexpected changes to the regulatory environment in certain markets; (xix) unknown defects or errors in our products; (xx) risk related to the capital-intensive nature of our business and our ability to raise adequate capital to finance our business strategies; (xxi) uncertainties regarding our previously announced and ongoing efforts to reduce operational costs and control spending, including workforce reductions; (xxii) uncertainties beyond our control related to the production, launch, commissioning, and/or operation of our satellites and related ground systems, software and analytic technologies; (xxiii) the failure of the market for EO services to achieve the growth potential we expect; (xxiv) risks related to our satellites and related equipment becoming impaired; (xxv) risks related to the failure of our satellites to operate as intended; (xxvi) production and launch delays, launch failures, and damage or destruction to our satellites during launch; (xxvii) significant risks and uncertainties related to our insurance that may not be covered by insurance; and (xxviii) the impact of natural disasters, unusual or prolonged unfavorable weather conditions, epidemic outbreaks, terrorist acts and geopolitical events (including the ongoing conflicts between Russia and Ukraine, in the Gaza Strip and the Red Sea region) on our business and satellite launch schedules. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Satellogic’s Annual Report on Form 20-F and other documents filed or to be filed by Satellogic from time to time with the Securities and Exchange Commission. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Satellogic assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Satellogic can give no assurance that it will achieve its expectations. View source version on businesswire.com : https://www.businesswire.com/news/home/20241210774054/en/ CONTACT: Investor Relations: Ryan Driver, VP of Strategy & Corporate Development ryan.driver@Satellogic.com KEYWORD: NEW YORK UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY DATA MANAGEMENT SATELLITE SOURCE: Satellogic Inc. Copyright Business Wire 2024. PUB: 12/10/2024 05:40 PM/DISC: 12/10/2024 05:40 PM http://www.businesswire.com/news/home/20241210774054/en