Cantor Fitzgerald SPAC’s $850 Million Merger With Satellogic

Hughes Hubbard represented CF Acquisition Corp. V in the transaction.

CF Acquisition Corp. V, a special purpose acquisition company (SPAC) sponsored by New York investment firm Cantor Fitzgerald, executed the merger with Satellogic that will take the satellite earth imagery provider public.

The deal is expected to close early in the fourth quarter of 2021, subject to regulatory approvals and other customary closing conditions.

CF Acquisition Corp. V is a blank check company led by Chairman and Chief Executive Officer Howard W. Lutnick. CFAC V was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. CFAC V focuses on industries where its management team and founders have experience and insights and can bring significant value to business combinations.

Founded in 2010 by Emiliano Kargieman and Gerardo Richarte, Satellogic is the first vertically integrated geospatial analytics company, driving real outcomes with planetary-scale insights. Satellogic is building the first scalable, fully automated Earth Observation platform with the ability to remap the entire planet at both high-frequency and high-resolution, providing accessible and affordable solutions for customers.

Partners Michael Traube (Picture) and Carlos Lobo, counsel Javad Husain and associate Mariana Veiga lead the HHR team. The team also includes partners Andy Braiterman, Ryan Fayhee, Philip Giordano, Federico Goudie, Alan Kravitz, Ken Lefkowitz, Gus Petropoulos, Gary Simon and Charlie Wachsstock; counsel James Klaiber, Richard Koehl and Carol Remy; and associates Flavio Averbug, Justin Cohen, Tyler Grove, Andrew Herman, Kristin Millay and Jonathan Zygielbaum.

Involved fees earner: Flavio Averbug – Hughes Hubbard & Reed; Andy Braiterman – Hughes Hubbard & Reed; Justin Cohen – Hughes Hubbard & Reed; Ryan Fayhee – Hughes Hubbard & Reed; Philip Giordano – Hughes Hubbard & Reed; Federico Goudie – Hughes Hubbard & Reed; Tyler Grove – Hughes Hubbard & Reed; Andrew Herman – Hughes Hubbard & Reed; Javad Husain – Hughes Hubbard & Reed; James Klaiber – Hughes Hubbard & Reed; Richard Koehl – Hughes Hubbard & Reed; Alan Kravitz – Hughes Hubbard & Reed; Kenneth Lefkowitz – Hughes Hubbard & Reed; Carlos Lobo – Hughes Hubbard & Reed; Kristin Millay – Hughes Hubbard & Reed; Constantine Petropoulos – Hughes Hubbard & Reed; Carol Remy – Hughes Hubbard & Reed; Gary Simon – Hughes Hubbard & Reed; Michael Traube – Hughes Hubbard & Reed; Mariana Veiga – Hughes Hubbard & Reed; Charles Wachsstock – Hughes Hubbard & Reed; Jonathan Zygielbaum – Hughes Hubbard & Reed;

Law Firms: Hughes Hubbard & Reed;

Clients: CF Acquisition Corp. V;

Author: Martina Bellini