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Big Law

BlackSky Holdings Goes Public With a $1.5B Blank-Check Merger

BlackSky Holdings, which is operating a growing fleet of Earth observation satellites as well as a cloud-based platform to analyze geospatial data, says it will become a publicly-traded company through a blank-check merger valued at nearly $1.5 billion.

The agreement with Osprey Technology Acquisition Corp. would result in BlackSky being listed on the NYSE with the ticker symbol “BKSY” in July.

It’s the latest chapter for a company that traces its roots to Seattle — and still has roughly half of its 135-employee workforce here. The other half of the operation is based in Herndon, Va.

The merger could produce as much as $450 million in net proceeds for the combined company, which would be used to extend BlackSky’s Spectra data analytics platform, expand BlackSky’s Global satellite constellation, add to the company’s array of data feeds and boost its marketing efforts.

Read the source article at geekwire.com

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