---
schema_version: "secwatch.filing_event.v1"
accession: "0001753539-23-000012"
form_type: "8-K/A"
ticker: "BKSY"
cik: "0001753539"
company_name: "BlackSky Technology Inc."
filed_at: "2023-03-10T23:59:59+00:00"
generated_at: "2026-06-18T05:40:34.293717+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001753539-23-000012
- form_type: 8-K/A
- ticker: BKSY
- cik: 0001753539
- company_name: BlackSky Technology Inc.
- filed_at: 2023-03-10T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1753539/000175353923000012/0001753539-23-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1753539/000175353923000012/bksy-20230306.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753539-23-000012
- JSON: https://secwatch.observer/filing/0001753539-23-000012.json
- Plain text: https://secwatch.observer/filing/0001753539-23-000012.txt

## Key facts
- Material Agreements
  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
  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/1753539/000175353923000012/0001753539-23-000012-index.htm

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