BlackSky Technology's $40 Million Stock Offering Announcement
BlackSky Technology Inc. Pricing of Public Stock Offering
Today, BlackSky Technology Inc. (NYSE: BKSY) proudly announced an upsized public offering of 10 million shares of its Class A common stock. Priced at $4.00 per share, this offering is anticipated to generate approximately $40 million in gross proceeds before expenses.
Details of the Offering
All shares in this offering will be sold by BlackSky, with the offering expected to close on or around September 26, 2024, contingent on customary closing conditions. To enhance the offering, BlackSky has also provided underwriters a 30-day option to purchase an additional 1.5 million shares of common stock.
Ever-Ready Financial Partners
Oppenheimer & Co. and Lake Street Capital Markets have been designated as the joint book-running managers for this strategic offering. Their expertise will help ensure a smooth process and beneficial results for investors.
Regulatory Insights
In compliance with regulatory frameworks, a shelf registration statement on Form S-3 has already been filed with the Securities and Exchange Commission (SEC). This registration, effective as of December 15, 2022, allows for the streamlined process of this offering.
Availability of Documentation
Investors interested in this offering can access a preliminary prospectus supplement and the related prospectus from the SEC’s official website. These documents are key for understanding the details of BlackSky’s public offering.
What BlackSky Represents
BlackSky is not just a company; it's a leader in real-time, space-based intelligence. By providing high-frequency imagery, analytics, and monitoring of strategically significant locations and events globally, BlackSky is integral to many sectors. The company operates a high-tech satellite constellation coupled with advanced analytics software, enabling clients to have insightful, data-driven decision-making tools at their fingertips.
Strategic Advantages for Clients
With BlackSky’s offerings, clients can not only observe and analyze changes in their environments but also act swiftly and strategically. This capability is especially crucial for governmental agencies and commercial entities that depend on timely, accurate intelligence.
About BlackSky Technology Inc.
Headquartered in Herndon, VA, BlackSky is dedicated to deploying the power of satellite technology to provide insights that drive actionable intelligence. Their position on the New York Stock Exchange as BKSY reflects their commitment to innovation and customer satisfaction in a rapidly evolving field.
Frequently Asked Questions
What is the total amount BlackSky aims to raise through the public offering?
BlackSky aims to raise approximately $40 million through the sale of 10 million shares of its Class A common stock.
Who are the joint book-running managers for this offering?
The joint book-running managers for this public offering are Oppenheimer & Co. and Lake Street Capital Markets.
When is the expected closing date for the offering?
The offering is expected to close on or around September 26, 2024, pending customary closing conditions.
What does BlackSky offer its clients?
BlackSky provides real-time, space-based intelligence through high-frequency imagery, analytics, and monitoring of critical locations and events globally.
Where is BlackSky Technology Inc. located?
BlackSky Technology Inc. is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange under the ticker symbol BKSY.
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