BlackSky enters $75M at-the-market equity offering with Jefferies

BlackSky Technology Inc.

Company may sell up to $75M of Class A common stock through Jefferies as sales agent.
Sales will be made via 'at the market' offerings on NYSE under Rule 415(a)(4).
Jefferies receives 3.0% commission on gross proceeds from any shares sold.
Prospectus supplement filed Dec 15, 2022, under effective Form S-3 registration statement.
Company is not obligated to sell any shares; either party may terminate with written notice.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

BlackSky Technology Inc. entered into Open Market Sale Agreement with Jefferies LLC valued at up to $75,000,000 (effective 2022-12-15).

Action: entry
Agreement: atm program
Counterparty: Jefferies LLC
Value: up to $75,000,000
Effective: 2022-12-15

Exact text from the filing

On December 15, 2022, BlackSky Technology Inc., a Delaware corporation (the “Company”), entered into an Open Market Sale Agreement (the “Sales Agreement”) with Jefferies LLC (the “Sales Agent”), pursuant to which the Company may offer and sell from time to time through the Sales Agent the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), having an aggregate offering price of up to $75,000,000 (the "Shares").

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BlackSky Technology Inc. filing history →

Source: SEC EDGAR

accession 0001753539-22-000116

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