BlackSky (BKSY) Files Registration Statement

October 25, 2021 6:16 AM EDT

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(Updated - October 25, 2021 6:18 AM EDT)

BlackSky (NYSE: BKSY) filed its S-1 Registration Statement with the Securities and Exchange Commission (SEC) to register for resale certain previously issued securities and shares underlying previously issued equity awards. No new share issuances are being made as part of this S-1.

The S-1 includes registration of 18.8 million PIPE shares, which would allow these previously issued shares to be tradeable. The S-1 also registers approximately 24.1 million shares underlying warrants, which equates to less than 16 percent of the total fully diluted outstanding shares. While these warrants are now exercisable, the exercise prices (of either $11.50 per share or $20 per share depending on the class) both currently exceed the trading price for BlackSky’s stock.

The remainder of the shares under the S-1 are previously registered shares of affiliates or former service providers that are subject to lockup until at least the middle of Q1 2022.

“This is an important step for BlackSky in satisfying certain contractual requirements with Osprey Technology Acquisition Corp. and meeting the expectations of our stockholders as previously disclosed in our S-4 filing,” said Brian E. O’Toole, CEO of BlackSky.

For more detail on the shares and warrants, please see the S-1 available on BlackSky’s investor relations webpage or the SEC’s website.



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