On September 27, 2024, BlackSky Technology Inc., a real-time, space-based intelligence company, announced the closing of its previously announced underwritten public offering of 10,000,000 shares of its Class A common stock at a price to the public of $4.00 per share. In addition, the underwriters fully exercised their option to purchase an additional 1,500,000 shares of common stock. BlackSky received total gross proceeds of approximately $46 million from this offering, before deducting the underwriting discounts and commissions and estimated offering expenses payable by BlackSky. All of the shares in the offering were sold by BlackSky. Wilson Sonsini Goodrich & Rosati advised BlackSky on the transaction.
The Wilson Sonsini team that advised BlackSky included:
Corporate
Robert Day
Michael Labriola
Mark Bass
Elisa Sielski
Jennifer Eberly
Evan Burroughs
Arianne Marcellin-Little
Fintech and Financial Services
Amy Caiazza
For more information, please see BlackSky's press release.