secwatch.observer — SEC 8-K summary
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Issuer:     BlackSky Technology Inc. (BKSY)
CIK:        0001753539
Form:       8-K
Filed at:   2021-09-15T23:59:59+00:00
Accession:  0001193125-21-273369
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 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
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1753539/000119312521273369/0001193125-21-273369-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1753539/000119312521273369/d232558d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-273369

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer