BlackSky Completes Merger with Osprey Technology Acquisition Corp., to Begin Trading on Friday

  • BlackSky’s Common Stock to Commence Trading on NYSE Under the Ticker “BKSY”
  • Gross Proceeds to BlackSky totaled $283 million, combining funds held in Osprey’s Trust and concurrent PIPE financing

HERNDON, Va. and NEW YORK, September 9, 2021 (BlackSky/Osprey Technology Acquisition PR) – BlackSky Holdings, Inc. (“BlackSky”), a leading technology platform providing real-time geospatial intelligence and global monitoring, today announced it has completed its previously announced business combination with Osprey Technology Acquisition Corp. (“Osprey”) to take BlackSky public. The combined company has been renamed “BlackSky Technology Inc.” and its shares will commence trading on the New York Stock Exchange (NYSE) on September 10, 2021, under the ticker symbol “BKSY” for BlackSky common stock and “BKSY.W” for BlackSky warrants.

Upon closing, the combined company received approximately $283 million in gross proceeds, comprised of approximately $103 million in cash held in trust by Osprey and the proceeds of a $180 million PIPE. Osprey’s shareholders approved the transaction at a shareholder meeting on September 8, 2021.

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BlackSky Awarded Five Year $30 Million NGA Contract

HERNDON, Va., September 07, 2021 (BlackSky PR) – BlackSky Holdings, Inc. (“BlackSky”), a leading technology platform providing real-time geospatial intelligence and global monitoring, today announced that it has been awarded a multi-year Indefinite-Delivery/ Indefinite-Quantity (IDIQ) contract by the National Geospatial-Intelligence Agency (“NGA”) to monitor global economic activity. Competitively procured, the contract carries a maximum estimated value of $30 million.

BlackSky will use advanced AI and multi-sensor analytics to detect and understand objects of significant economic interest. The project will employ automated methods to provide analysts and decision makers with insights on relevant global economic indicators.

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BlackSky Secures Investment from Palantir and Enters into Multi-Year Strategic Partnership Following Successful Pilot Project

HERNDON, Va. (BlackSky PR)–BlackSky Holdings, Inc. (“BlackSky”), a leading technology platform providing real-time geospatial intelligence and global monitoring, announced today that Palantir Technologies Inc. (NYSE: PLTR) has committed to making an equity investment in BlackSky, which is scheduled to close after the completion of BlackSky’s business combination with Osprey Technology Acquisition Corp (“Osprey”). Following the successful completion of a joint pilot program between BlackSky and Palantir, this investment signifies the strengthening of a strategic collaboration that will enable BlackSky to further extend its capabilities and meet the increasing demand for global monitoring services from its and Palantir’s customers.

Through the pilot project, BlackSky automatically delivered insights and intelligence to Palantir customers within minutes of collection, without any human interaction. The ability to quickly deliver worldwide intelligence that can inform proactive strategic decision-making introduces a significant advantage in time-sensitive operations.

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BlackSky Enhances Executive Leadership Team

Johan Broekhuysen (Credit: BlackSky)

HERNDON, Va., Aug. 18, 2021 (BlackSky PR) – BlackSky Holdings, Inc. (“BlackSky”), a leading technology platform providing real-time geospatial intelligence and global monitoring, today announced three additions to its executive team as it begins its next phase of growth and development.

Johan Broekhuysen joins BlackSky as a Senior Advisor and will assume the role of Chief Financial Officer following the completion of BlackSky’s merger with Osprey Technology Acquisition Corp. (NYSE: SFTW). Broekhuysen has significant executive experience helping lead public, high-growth technology companies including Segra, formally known as LUMOS Networks (LMOS) where he served as Chief Financial Officer (CFO) for almost seven years and led business expansion efforts during his tenure there. Most recently, Broekhuysen was the founding principal of Open Water Advisory Group, an advisory group that delivers differentiated capital solutions to the entire telecom infrastructure value chain. BlackSky’s current CFO, Brian Daum, will remain with BlackSky as a senior advisor for a transitional period.

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BlackSky Welcomes New Vice President of International Business Development

BlackSky Vice President of International Business Development, Andy Stephenson. (Credit: Andy Stephenson)

HERNDON, Va. (BlackSky PR) — BlackSky Holdings, Inc.  (“BlackSky”), a leading technology platform providing real-time geospatial intelligence and global monitoring, today announced that it has hired Andy Stephenson to oversee the company’s global sales team as its Vice President of International Business Development. Mr. Stephenson will be based in the United Kingdom, where he will lead the expansion of BlackSky’s international sales efforts.

“With more than thirty years of experience as a sales leader in the defense and intelligence, technology, and information sectors, Andy is an ideal candidate to help BlackSky meet the increasing demand for geospatial intelligence worldwide,” said Brian E. O’Toole, CEO of BlackSky. “He will be instrumental in leading BlackSky’s international development activities to ensure customers around the world understand and have access to actionable insights that give them a first-to-know advantage.”

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BlackSky’s Technology Leveraged to Monitor Secretive Iranian Nuclear Facility

Stanford researchers use geospatial imagery and machine learning technology to gain real-time insights

HERNDON, Va. (BlackSky PR) — BlackSky Holdings, Inc. (“BlackSky”), a leading technology platform providing real-time geospatial intelligence and global monitoring that has announced a planned business combination with Osprey Technology Acquisition Corp. (NYSE: SFTW), today shared that its geospatial imagery was used in a groundbreaking intelligence study that tracks and monitors activity at the Natanz nuclear facility in Iran.

BlackSky’s high-revisit satellite imagery enabled researchers at Stanford University’s Center for International Security and Cooperation (CISAC) to monitor the pattern of life at the Natanz nuclear facility and gain a better understanding of activity and events at the site. BlackSky’s satellites provide high, intraday revisit capabilities, allowing CISAC’s research team to receive multiple images a day, throughout the day, rather than just one image collected at roughly the same time each day.

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BlackSky Demonstrates Growth and Scalability with Planned Launch of Additional Satellites

BlackSky’s constellation of imaging smallsats enables persistent monitoring of the global supply chain. In this example, BlackSky’s satellites captured the Port of Los Angeles during the ongoing, historic level of congestion. Additionally, BlackSky’s satellites imaged ships waiting at anchorage outside the port and Spectra AI aggregated recent news reports and other data elements to enable real-time monitoring and inform critical decision making, with timely alerts, as conditions change. Through BlackSky’s Spectra platform, customers can monitor the world’s economic activity all from the comfort of home. (Credit: BlackSky)

HERNDON, Va. (BlackSky PR) — BlackSky, a leading provider of real-time geospatial intelligence and global monitoring services that recently announced a planned business combination with Osprey Technology Acquisition Corp. (NYSE: SFTW), today revealed it expects to launch two satellites on Rocket Lab’s twentieth mission, “Running Out of Toes.” The launch, which is scheduled to take place no earlier than May 15, 2021, will deploy BlackSky’s eighth and ninth Earth observation satellites.

“BlackSky is expanding and scaling through a regular cadence of launches so we can consistently increase capacity to deliver first-to-know insights for our customers,” said Brian E. O’Toole, CEO of BlackSky. “Our established practice of rapid deployments and advanced commissioning process ensures customers can trust and rely on our network for access to real-time global intelligence.”

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BlackSky Increases Capacity as Latest Satellite Enters Commercial Operations

HERNDON, Va., April 19, 2021 (BlackSky PR) – BlackSky, a leading provider of real-time geospatial intelligence and global monitoring services that recently announced a planned business combination with Osprey Technology Acquisition Corp. (NYSE: SFTW), today shared that its BlackSky 7 satellite completed the commissioning process and entered full commercial operations within two weeks of launch.

This latest satellite was launched at 22:30 UTC on March 22, 2021, delivered first insights and began limited commercial operations less than 24 hours later. Further, the company today revealed two additional BlackSky satellites have been shipped to a launch facility in New Zealand for its next planned launch mission with Rocket Lab named “Running out of Toes” scheduled for May 2021.

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BlackSky Accelerates Constellation Deployment with Five Rocket Lab Launches

Using high-revisit satellite imagery, BlackSky’s Spectra AI has detected the utilization of major facilities at Tokyo’s Haneda Airport. Parking spaces shown in green are rarely used, while red indicates frequent occupancy. BlackSky customers can also understand inflow/outflow of cargo and monitor airline maintenance activity. (Photo: BlackSky)

Company’s real-time geospatial solutions to average one-hour dawn-to-dusk imaging revisit rates and 90-minute delivery times

HERNDON, Va.–(BlackSky PR)–BlackSky, a leading provider of real-time geospatial intelligence and global monitoring services that recently announced a planned business combination with Osprey Technology Acquisition Corp. (NYSE: SFTW), today reported it has secured five Rocket Lab missions to deploy nine satellites between March and the end of 2021. The first of these launches took place on March 22, 2021. The company is accelerating the deployment of its constellation of Gen-2, high-revisit, high-resolution imaging satellites and expects to deliver capabilities in 2021 that were originally planned for delivery in 2022.

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SPACovirus Sweeps Space Sector

Richard Branson celebrates the first Virgin Galactic trade on the New York Stock Exchange. (Credit Virgin Galactic)
Wall Street’s latest easy money craze has attracted a growing number of space companies. But, just because they can go public, should they?

by Douglas Messier
Managing Editor

Seven space companies have gotten caught up in the SPACovirus sweeping through Wall Street. The impact on the space industry is going to be interesting to watch.

A SPAC is a special purpose acquisition company. It’s a publicly traded investment firm that, with outside investors, acquires or merges with another company, and then takes the acquisition public under its own name.

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BlackSky Goes SPAC: to List on New York Stock Exchange After Merger with Osprey Technology Acquisition Corp.

  • BlackSky Holdings, Inc., a leading real-time geospatial intelligence, imagery, and data analytics company has entered into a business combination agreement with Osprey Technology Acquisition Corp. (NYSE:SFTW); the newly combined company is expected to be listed on the NYSE under the new ticker symbol “BKSY.”
  • The business combination agreement is expected to provide approximately $450 million of net proceeds to the combined company, assuming no redemptions, to fund expected future growth, including a fully committed $180 million common stock PIPE with participation from leading institutional investors including Tiger Global Management, Mithril Capital (co-founded by Ajay Royan and Peter Thiel), Hedosophia, and Senator Investment Group. Additionally, Osprey’s sponsor and its affiliates are investing over $20 million in the PIPE.
  • Pro forma equity value of the merger is expected to be nearly $1.5 billion at the $10.00 per share PIPE price.

HERNDON, Va. & NEW YORK (BlackSky/Osprey Technology PR) — BlackSky Holdings, Inc. (“BlackSky”), a leading provider of real-time geospatial intelligence and global monitoring services, and Osprey Technology Acquisition Corp. (“Osprey”) (NYSE:SFTW), a special purpose acquisition company, today announced they have entered into a definitive agreement for a business combination that would result in BlackSky becoming a publicly listed company. It is anticipated that the post-closing company, BlackSky will be listed on the NYSE with the ticker symbol “BKSY”.

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