other material
confidence high
sentiment neutral
materiality 0.60
BlackSky prices $40M upsized public offering of 10M shares at $4.00 per share
BlackSky Technology Inc.
- Gross proceeds ~$40M from 10M shares at $4.00; underwriters can buy 1.5M more for 30 days.
- Offering expected to close September 26, 2024; net proceeds for general corporate purposes.
- Oppenheimer & Co. and Lake Street Capital Markets are joint book-running managers.
- Pricing represents a $0.24 discount to the $4.00 public price for underwriters ($3.76 each).