---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-21-273369"
form_type: "8-K"
ticker: "BKSY"
cik: "0001753539"
company_name: "BlackSky Technology Inc."
filed_at: "2021-09-15T23:59:59+00:00"
generated_at: "2026-06-29T03:35:40.781741+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# BlackSky completes de-SPAC merger; PIPE of $180M closed; shares begin trading on NYSE

## Summary
- Merger of Osprey and BlackSky closed Sep 9, 2021; Legacy BlackSky now wholly-owned subsidiary; name changed to BlackSky Technology Inc.
- PIPE investors purchased 18M shares at $10 each for $180M; Palantir purchased 800K shares for $8M and entered software subscription agreement.
- Post-merger: 115.9M shares of Class A common and 24.1M warrants (~$11.50 strike) outstanding; shares trade under BKSY/BKSY.W on NYSE.
- Stockholders redeemed ~21.4M shares at ~$10.05 each for aggregate ~$214.9M.
- Lock-up provisions: directors/officers locked for 180 days or until stock price >=$12 for 20 days; Sponsor locked for 1 year.

## SEC filing metadata
- accession: 0001193125-21-273369
- form_type: 8-K
- ticker: BKSY
- cik: 0001753539
- company_name: BlackSky Technology Inc.
- filed_at: 2021-09-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 2.01, 5.02, 3.02, 9.01, 4.01, 3.01, 3.03, 5.01, 5.03, 5.05, 5.06, 7.01, 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1753539/000119312521273369/0001193125-21-273369-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1753539/000119312521273369/d232558d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-21-273369
- JSON: https://secwatch.observer/filing/0001193125-21-273369.json
- Plain text: https://secwatch.observer/filing/0001193125-21-273369.txt

## Key facts
- Executive change
  Chris Lin was appointed as General Counsel and Secretary at BlackSky Technology Inc..
  - Action: appointed
  - Role: General Counsel and Secretary
  source text: the following individuals were appointed to serve as executive officers of the Company: Name Age Position Brian O’Toole 57 Chief Executive Officer Brian Daum 54 Chief Financial Officer Henry Dubois 59 Chief Development Officer Chris Lin 52 General Counsel and Secretary
  evidence_url: https://www.sec.gov/Archives/edgar/data/1753539/000119312521273369/0001193125-21-273369-index.htm
- Executive change
  Henry Dubois was appointed as Chief Development Officer at BlackSky Technology Inc..
  - Action: appointed
  - Role: Chief Development Officer
  source text: the following individuals were appointed to serve as executive officers of the Company: Name Age Position Brian O’Toole 57 Chief Executive Officer Brian Daum 54 Chief Financial Officer Henry Dubois 59 Chief Development Officer Chris Lin 52 General Counsel and Secretary
  evidence_url: https://www.sec.gov/Archives/edgar/data/1753539/000119312521273369/0001193125-21-273369-index.htm
- Executive change
  Brian O’Toole was appointed as Chief Executive Officer at BlackSky Technology Inc..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: the following individuals were appointed to serve as executive officers of the Company: Name Age Position Brian O’Toole 57 Chief Executive Officer Brian Daum 54 Chief Financial Officer Henry Dubois 59 Chief Development Officer Chris Lin 52 General Counsel and Secretary
  evidence_url: https://www.sec.gov/Archives/edgar/data/1753539/000119312521273369/0001193125-21-273369-index.htm
- Executive change
  Brian Daum was appointed as Chief Financial Officer at BlackSky Technology Inc..
  - Action: appointed
  - Role: Chief Financial Officer
  source text: the following individuals were appointed to serve as executive officers of the Company: Name Age Position Brian O’Toole 57 Chief Executive Officer Brian Daum 54 Chief Financial Officer Henry Dubois 59 Chief Development Officer Chris Lin 52 General Counsel and Secretary
  evidence_url: https://www.sec.gov/Archives/edgar/data/1753539/000119312521273369/0001193125-21-273369-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.