---
schema_version: "secwatch.filing_event.v1"
accession: "0001753539-23-000005"
form_type: "8-K"
ticker: "BKSY"
cik: "0001753539"
company_name: "BlackSky Technology Inc."
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T07:18:06.782576+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# BlackSky completes $29.5M private placement of common stock and warrants

## Summary
- Issued 16.4M shares and warrants to purchase 16.4M shares at $1.79/unit; gross proceeds $29.5M.
- Net proceeds for general corporate purposes, including working capital.
- Warrants exercisable at $2.20/share from Sep 8, 2023 to Sep 8, 2028.
- Registration rights agreement requires filing resale registration statement within 45 days.

## SEC filing metadata
- accession: 0001753539-23-000005
- form_type: 8-K
- ticker: BKSY
- cik: 0001753539
- company_name: BlackSky Technology Inc.
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1753539/000175353923000005/0001753539-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1753539/000175353923000005/bksy-20230306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753539-23-000005
- JSON: https://secwatch.observer/filing/0001753539-23-000005.json
- Plain text: https://secwatch.observer/filing/0001753539-23-000005.txt

## Key facts
- Material Agreements
  BlackSky Technology Inc. entered into Securities Purchase Agreement with certain institutional and accredited investors valued at aggregate gross proceeds approximately $29.5 million; purchase price $1.79 per share and associated (effective 2023-03-06).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: certain institutional and accredited investors
  - Value: aggregate gross proceeds approximately $29.5 million; purchase price $1.79 per share and associated
  - Effective: 2023-03-06
  source text: On March 8, 2023, BlackSky Technology Inc., a Delaware corporation (the " Company "), completed the closing of a private placement (the " Private Placement ") pursuant to the terms and conditions of the Securities Purchase Agreement dated March 6, 2023 (the " Purchase Agreement ") by and among the Company and certain institutional and accredited investors (the " Investors ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1753539/000175353923000005/0001753539-23-000005-index.htm
- Material Agreements
  BlackSky Technology Inc. entered into Registration Rights Agreement with the Investors valued at Company shall file resale registration statement by the 45th calendar day following the date of the (effective 2023-03-06).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: the Investors
  - Value: Company shall file resale registration statement by the 45th calendar day following the date of the
  - Effective: 2023-03-06
  source text: In connection with the Private Placement, the Company entered into a Registration Rights Agreement with the Investors, dated March 6, 2023 (the " Registration Rights Agreement ").
  evidence_url: https://www.sec.gov/Archives/edgar/data/1753539/000175353923000005/0001753539-23-000005-index.htm

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