BlackSky Announces Pricing of Upsized $40 Million Public Offering of Common Stock
September 25 2024 - 8:49AM
Business Wire
BlackSky Technology Inc. (NYSE: BKSY) today announced the
pricing of an underwritten public offering of 10,000,000 shares of
its Class A common stock (“common stock”) at a price to the public
of $4.00 per share. All of the shares in the offering are being
sold by BlackSky. The gross proceeds to BlackSky from the offering,
before deducting the underwriting discounts and commissions and
other offering expenses, are expected to be approximately $40
million. The offering is expected to close on or about September
26, 2024, subject to customary closing conditions. In addition,
BlackSky has granted the underwriters a 30-day option to purchase
up to an additional 1,500,000 shares of its common stock in the
underwritten public offering.
Oppenheimer & Co. and Lake Street Capital Markets are acting
as joint book-running managers for the offering.
A shelf registration statement on Form S-3 (File No. 333-267889)
relating to the shares was previously filed with the Securities and
Exchange Commission (the “SEC”) and became effective on December
15, 2022. The offering will be made only by means of a written
prospectus and prospectus supplement that form a part of the
registration statement. A preliminary prospectus supplement and
accompanying prospectus relating to the offering has been filed
with the SEC and is available on the SEC’s website at www.SEC.gov.
A final prospectus supplement and accompanying prospectus relating
to the offering will be filed with the SEC and available on the
SEC’s website at www.SEC.gov. A copy of the final prospectus
supplement and the accompanying prospectus, when available, may be
obtained by contacting: Oppenheimer & Co. Inc., Attention:
Syndicate Prospectus Department, 85 Broad Street, 26th Floor, New
York, NY 10004, by telephone at (212) 667-8055, or by email at
EquityProspectus@opco.com; or Lake Street Capital Markets, LLC,
Attention: Syndicate Department, 920 Second Avenue South, Suite 700
Minneapolis, MN 55402, by telephone at (612) 326-1305, or by email
at syndicate@lakestreetcm.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About BlackSky
BlackSky is a real-time, space-based intelligence company that
delivers on-demand, high-frequency imagery, analytics, and
high-frequency monitoring of the most critical and strategic
locations, economic assets, and events in the world. BlackSky owns
and operates one of the industry’s most advanced, purpose-built
commercial, real-time intelligence systems that combines the power
of the BlackSky Spectra® tasking and analytics software platform
and our proprietary low earth orbit satellite constellation.
With BlackSky, customers can see, understand and anticipate
changes for a decisive strategic advantage at the tactical edge,
and act not just fast, but first. BlackSky is trusted by some of
the most demanding U.S. and international government agencies,
commercial businesses, and organizations around the world. BlackSky
is headquartered in Herndon, VA, and is publicly traded on the New
York Stock Exchange as BKSY.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the federal securities laws with respect to
BlackSky. These forward-looking statements generally are identified
by the words “believe,” “project,” “expect,” “anticipate,”
“estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,”
“may,” “should,” “will,” “would,” “will be,” “will continue,” “will
likely result,” and similar expressions. 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. Many factors,
including, without limitation, stock market conditions, our ability
to satisfy the closing conditions in the underwriting agreement,
and our ability to complete the offering, could cause actual future
events or results to differ materially from those expressed or
implied by the forward-looking statements in this document. If any
of these risks materialize or underlying assumptions prove
incorrect, actual results could differ materially from the results
implied by these forward-looking statements. In addition,
forward-looking statements reflect our expectations, plans, or
forecasts of future events and views as of the date of this
communication, and subsequent events and developments could cause
our assessments to change. Accordingly, forward-looking statements
should not be relied upon as representing our views as of any
subsequent date, and we do not undertake any obligation to update
forward-looking statements to reflect events or circumstances after
the date they were made, whether as a result of new information,
future events or otherwise, except as may be required under
applicable securities laws. Additional risks and uncertainties are
identified and discussed in BlackSky’s disclosure materials filed
from time to time with the SEC which are available at the SEC’s
website at www.SEC.gov.
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Investor Contact
BlackSky Technology Inc. Aly Bonilla VP, Investor Relations
abonilla@blacksky.com 571-591-2864
Media Contact
BlackSky Technology Inc. Pauly Cabellon Senior Director,
External Communications pcabellon@blacksky.com 571-591-2865
BlackSky Technology (NYSE:BKSY)
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