SCHEDULE 13D/A 0001011438-23-000044 0001962608 XXXXXXXX LIVE 2 Class A Common Stock, par value $0.0001 per share 06/05/2025 false 0001874315 G7823S101 Satellogic Inc.

210 Delburg Street Davidson NC 28036

Hannover Holdings S.A. 352 20 60 11 84 28, Boulevard d'Avranches, L-1160 Luxembourg N4 - 0001962608 Hannover Holdings S.A. OO N4 6127265 0 6127265 0 6127265 N 6.8 OO Y Baitcon Investments Ltd. OO D8 6127265 0 6127265 0 6127265 N 6.8 OO Y Ellipse Global Holding Ltd. OO C5 6127265 0 6127265 0 6127265 N 6.8 OO Y Tanhill Management Limited OO C5 6127265 0 6127265 0 6127265 N 6.8 OO Class A Common Stock, par value $0.0001 per share Satellogic Inc. 210 Delburg Street Davidson NC 28036 The following constitutes Amendment No. 2 ("Amendment No. 2") to the Schedule 13D filed with the Securities and Exchange Commission ("SEC") by Hannover Holdings S.A. ("Hannover"), Baitcon Investments Ltd. ("Baitcon"), Ellipse Global Holding Ltd. ("Ellipse"), and Tanhill Management Limited ("Tanhill", and together with Hannover, Baitcon and Ellipse, the "Reporting Persons") on February 2, 2023, as amended by Amendment No. 1 filed on June 3, 2025. This Amendment No. 2 amends and supplements the Schedule 13D as specifically set forth herein. All capitalized terms contained herein but not otherwise defined shall have the meanings ascribed to such terms in the Schedule 13D, as amended. Information given in response to each item shall be deemed incorporated by reference in all other items, as applicable. Item 4 of this Schedule 13D is supplemented and superseded, as the case may be, as follows: As previously disclosed, pursuant to the Letter Agreement, so long as Hannover held at least 4% of the outstanding Class A Shares, Hannover had the right to nominate a person of its choice, reasonably acceptable to the Issuer, to serve on the Issuer's Board of Directors (the "Board"). Pursuant to the Letter Agreement, Hannover nominated Miguel Gutierrez to serve on the Board and Mr. Gutierrez was elected as a director of the Issuer. On June 5, 2025, Hannover agreed to terminate its right to nominate a person to the Board and Hannover no longer has such nomination right. Hannover and the Issuer agreed that Mr. Gutierrez's continuation as a director of the Issuer shall not be deemed to be pursuant to the nomination right or any exercise thereof and that the Letter Agreement has been terminated in full and is of no further force or effect. Each of the Reporting Persons may be deemed to beneficially own 6,127,265 Class A Shares of the Issuer that are directly held by Hannover. Such amount represents approximately 6.8% of the Class A Shares outstanding, based on 90,526,937 Class A Shares outstanding as of May 2, 2025, as reported in the Issuer's Form 10-Q filed with the SEC on May 13, 2025. Items 7 through 10 of each of the cover pages of this Schedule 13D are incorporated herein by reference. Other than as disclosed in this Schedule 13D, as amended, the transactions by the Reporting Persons in the securities of the Issuer during the past sixty days are set forth in Exhibit 99.1 and such information is incorporated herein by reference. All such transactions were carried out in open market transactions. Not applicable. Not applicable. Item 6 of this Schedule 13D is supplemented and superseded, as the case may be, as follows: The information in Item 4 is incorporated herein by reference. Exhibit 99.1 Transactions Effected by the Reporting Persons During the Past 60 Days. Hannover Holdings S.A. /s/ Giovanni Dell'Orto 06/06/2025 Baitcon Investments Ltd. /s/ Giovanni Dell'Orto 06/06/2025 Ellipse Global Holding Ltd. /s/ Giovanni Dell'Orto 06/06/2025 Tanhill Management Limited /s/ Giovanni Dell'Orto 06/06/2025