AlenCiken

BlackSky to List on NYSE via Merger $SFTW

NYSE:SFTW   Osprey Technology Acquisition Corp
BlackSky, a Leading Real-Time Geospatial Intelligence, Imagery and Data Analytics Company, to List on NYSE Through a Merger With Osprey Technology Acquisition Corp.

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.

BlackSky has established contracts with multiple government agencies in the United States and around the world. BlackSky’s pipeline of opportunities grew by $1.1 billion in the last twelve months and stands at $1.7 billion today.

The transaction is expected to close in July 2021.

https://finance.yahoo.com/news/blacksky-...

Comments

any thoughts on the PT for this one if merger occur?
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AlenCiken BadToro666
@BadToro666, very hard to predict
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BadToro666 AlenCiken
@AlenCiken, agree. Are you holding this stock?
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AlenCiken BadToro666
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