Lead-Left Bookrunner on Black Sky Technology Inc's Follow-On Offering
- October 15, 2024
Oppenheimer & Co. Inc. acted as Lead-Left Bookrunner on the upsized $46,000,000 Confidentially Marketed Follow-On Offering for BlackSky Technology Inc.(NASDAQ: BKSY)
BlackSky Technology Inc. (NYSE: BKSY) announced the closing on September 26, 2024 of its previously announced underwritten public offering of 10,000,000 shares of its Class A common stock at a price to the public of $4.00 per share. In addition, on September 27, 2024, the underwriters fully exercised their option to purchase an additional 1,500,000 shares of common stock. BlackSky received total gross proceeds of approximately $46 million from this offering, before deducting the underwriting discounts and commissions and estimated offering expenses payable by BlackSky. All of the shares in the offering were sold by BlackSky.
Oppenheimer & Co. and Lake Street Capital Markets acted as joint book-running managers with Oppenheimer & Co being the Lead Left for the offering.
BlackSky is a real-time, space-based intelligence company that delivers on-demand, high-frequency imagery, analytics, and high-frequency monitoring of the most critical and strategic locations, economic assets, and events in the world. BlackSky owns and operates one of the industry’s most advanced, purpose-built commercial, real-time intelligence systems that combines the power of the BlackSky Spectra® tasking and analytics software platform and our proprietary low earth orbit satellite constellation.
With BlackSky, customers can see, understand and anticipate changes for a decisive strategic advantage at the tactical edge, and act not just fast, but first. BlackSky is trusted by some of the most demanding U.S. and international government agencies, commercial businesses, and organizations around the world. BlackSky is headquartered in Herndon, VA, and is publicly traded on the New York Stock Exchange as BKSY
Henry Alfaro
Title:Managing Director, Semiconductors, Electronics & Communications
Chris DeFalco
Title:Managing Director, Equity Capital Markets
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