BlackSky to List on NYSE Through Merger with Osprey SPAC
BlackSky Holdings Inc., a leading provider of real-time geospatial intelligence and global monitoring services, and
Osprey
Technology Acquisition Corp., a special purpose acquisition company, have entered a business combination that would result in BlackSky becoming a publicly listed company. It is expected that the post-closing company, BlackSky, will be listed on the
New York Stock Exchange with the ticker symbol “
BKSY.”
Osprey, which currently holds approximately $318 million in trust, will combine with BlackSky at an estimated pro forma enterprise value of $1.1 billion. Assuming no redemptions by Osprey’s existing public shareholders, BlackSky’s existing shareholders will hold approximately 62.6% of the fully diluted shares of common stock immediately following the closing of the business combination. The combined company expects to receive approximately $450 million in net proceeds, assuming no redemptions by Osprey’s existing public shareholders.