BlackSky closes $29.5M private placement, issuing 16.4M shares and warrants at $1.79/share

BlackSky Technology Inc.

Issued 16,403,677 shares of Class A common stock and warrants for the same number at $1.79/share.
Gross proceeds of ~$29.5M; net proceeds for general corporate purposes and platform investments.
Warrants exercisable at $2.20/share, starting Sep 8, 2023, expiring Sep 8, 2028.
Jefferies LLC acted as sole placement agent; securities sold under Section 4(a)(2) and Rule 506(b).
Company agreed to file resale registration statement within 45 days of closing.

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 Securities Purchase Agreement with certain institutional and accredited investors valued at approximately $29.5 million (effective 2023-03-06).

Action: entry
Agreement: equity purchase
Counterparty: certain institutional and accredited investors
Value: approximately $29.5 million
Effective: 2023-03-06

Exact text from the filing

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 ”).

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BlackSky Technology Inc. filing history →

Source: SEC EDGAR

accession 0001753539-23-000012

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