BlackSky files Delaware Section 205 petition to validate charter and share issuances

BlackSky Technology Inc.

Filed petition under 8 Del. C. §205 to validate Amended and Restated Certificate of Incorporation and ~105M Class A shares issued in September 2021 de-SPAC.
Uncertainty arose from Delaware Court of Chancery's Boxed decision questioning whether separate class votes were required for charter amendments.
The Company received a prior stockholder demand and resolved it by reducing authorized shares from 1B to 300M; petition seeks to avoid further harm.
Final hearing set for March 29, 2023 at 9:35 a.m. ET in Wilmington, Delaware.

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