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BlackSky Files Registration Statement

Press Release From: BlackSky
Posted: Tuesday, November 2, 2021

BlackSky (NYSE: BKSY) filed its S-1 Registration Statement with the Securities and Exchange Commission (SEC) to register for resale certain previously issued securities and shares underlying previously issued equity awards. No new share issuances are being made as part of this S-1.

The S-1 includes registration of 18.8 million PIPE shares, which would allow these previously issued shares to be tradeable. The S-1 also registers approximately 24.1 million shares underlying warrants, which equates to less than 16 percent of the total fully diluted outstanding shares. While these warrants are now exercisable, the exercise prices (of either $11.50 per share or $20 per share depending on the class) both currently exceed the trading price for BlackSky’s stock.

The remainder of the shares under the S-1 are previously registered shares of affiliates or former service providers that are subject to lockup until at least the middle of Q1 2022.

“This is an important step for BlackSky in satisfying certain contractual requirements with Osprey Technology Acquisition Corp. and meeting the expectations of our stockholders as previously disclosed in our S-4 filing,” said Brian E. O’Toole, CEO of BlackSky.

For more detail on the shares and warrants, please see the S-1 available on BlackSky’s investor relations webpage or the SEC’s website.

About BlackSky Technology Inc.

BlackSky (NYSE: BKSY) is a leading provider of real-time geospatial intelligence. BlackSky monitors activities and facilities worldwide by harnessing the world’s emerging sensor networks and leveraging its own satellite constellation. BlackSky processes millions of data elements daily from its constellation as well as a variety of space, IoT, and terrestrial-based sensors and data feeds. BlackSky’s on-demand constellation of satellites can image a location multiple times throughout the day. BlackSky monitors for pattern-of-life anomalies to produce alerts and enhance situational awareness. BlackSky’s monitoring service, Spectra AI, is powered by cutting-edge compute techniques including machine learning, artificial intelligence, computer vision, and natural language processing. BlackSky’s global monitoring solution is available via a simple subscription and requires no IT infrastructure or setup.


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