Corporate ActionMay 22, 2026, 04:18 PM
BlackSky to Offer Up to $250M in Class A Common Stock via ATM
AI Summary
BlackSky Technology Inc. has entered into a Sales Agreement with Deutsche Bank Securities Inc. and Craig-Hallum Capital Group LLC to offer and sell up to $250 million of its Class A common stock. The sales will be conducted as "at the market offerings" or in negotiated transactions, providing the company with flexibility to raise capital. The Sales Agents will receive up to 3.0% of the gross proceeds for their services.
Key Highlights
- BlackSky entered a Sales Agreement with Deutsche Bank Securities Inc. and Craig-Hallum Capital Group LLC.
- The company may offer and sell Class A common stock with an aggregate offering price of up to $250,000,000.
- Sales can be made in negotiated transactions or "at the market offerings" on the New York Stock Exchange.
- Sales Agents will receive compensation of up to 3.0% of the gross proceeds from shares sold.
- The company is not obligated to sell any shares under the agreement.
- The Sales Agreement can be terminated by either party with ten trading days' prior written notice.
Price Impact
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