{"schema_version":"secwatch.filing_event.v1","accession":"0001753539-25-000073","form_type":"8-K","ticker":"BKSY","cik":"0001753539","company_name":"BlackSky Technology Inc.","filed_at":"2025-07-22T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.877728+00:00","generated_at":"2026-05-18T04:25:39.666146+00:00","sec_items":["1.01","1.02","2.03","3.02","8.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"BlackSky closes $185M convertible notes offering at 8.25%, repays existing debt","bullets":["Completed offering of $185M principal of 8.25% Convertible Senior Notes due 2033, including full exercise of upsized option.","Net proceeds ~$177.9M; used $103.1M to repay secured term loan and $10.2M to repay revolver, terminated both facilities.","Conversion rate 27.1909 shares/$1,000 principal, initial conversion price ~$36.78 (~30% premium to July 17 close).","Notes mature Aug 1, 2033; interest payable semiannually; company cannot redeem before Aug 4, 2028; holders have put option Aug 6, 2030.","Remaining proceeds for general corporate purposes, working capital, capex, strategic investments."],"urls":{"canonical":"https://secwatch.observer/filing/0001753539-25-000073","json":"https://secwatch.observer/filing/0001753539-25-000073.json","markdown":"https://secwatch.observer/filing/0001753539-25-000073.md","text":"https://secwatch.observer/filing/0001753539-25-000073.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1753539/000175353925000073/0001753539-25-000073-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1753539/000175353925000073/bksy-20250717.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T04:25:39.666146+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ac47f6c757be69b4059c8dd4f3d458d172fd4429","claim":"BlackSky Technology Inc. incurred senior notes of $185 million aggregate principal amount with U.S. Bank Trust Company, National Association at 8.25% per year maturing August 1, 2033.","evidence_excerpt":"completed its previously announced private offering (the “Offering”) of $185 million aggregate principal amount of 8.25% Convertible Senior Notes due 2033","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1753539/000175353925000073/0001753539-25-000073-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"senior notes"},{"label":"Principal","value":"$185 million aggregate principal amount"},{"label":"Counterparty","value":"U.S. Bank Trust Company, National Association"},{"label":"Rate","value":"8.25% per year"},{"label":"Maturity","value":"August 1, 2033"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}