BlackSky Technology Inc. Updates Principal Office Location

Ticker: BKSY-WT · Form: 8-K · Filed: Apr 15, 2024 · CIK: 1753539

Blacksky Technology Inc. 8-K Filing Summary
FieldDetail
CompanyBlacksky Technology Inc. (BKSY-WT)
Form Type8-K
Filed DateApr 15, 2024
Risk Levellow
Pages4
Reading Time4 min
Key Dollar Amounts$0.0001, $11.50 B, $20.0 million, $500,000, $10.0 million
Sentimentneutral

Sentiment: neutral

Topics: administrative, office-location

Related Tickers: BKSY

TL;DR

BKSY updated its main office address in Herndon, VA.

AI Summary

On April 11, 2024, BlackSky Technology Inc. filed an 8-K report. The filing primarily serves as a notification of their principal executive offices located at 13241 Woodland Park Road, Suite 300, Herndon, Virginia 20171. The report also confirms the trading symbols for their Class A common stock (BKSY) and warrants (BKSY.W) on The New York Stock Exchange.

Why It Matters

This filing updates the official address for BlackSky Technology Inc., ensuring accurate contact and location information for investors and regulatory bodies.

Risk Assessment

Risk Level: low — The filing is a routine administrative update regarding office location and does not contain information that inherently increases risk.

Key Players & Entities

  • BlackSky Technology Inc. (company) — Registrant
  • 13241 Woodland Park Road, Suite 300, Herndon, Virginia 20171 (location) — Principal executive offices
  • BKSY (stock_symbol) — Class A common stock trading symbol
  • BKSY.W (stock_symbol) — Warrants trading symbol
  • The New York Stock Exchange (company) — Exchange where securities are registered

FAQ

What is the new principal executive office address for BlackSky Technology Inc.?

The new principal executive office address is 13241 Woodland Park Road, Suite 300, Herndon, Virginia 20171.

What is the date of the earliest event reported in this 8-K filing?

The date of the earliest event reported is April 11, 2024.

What are the trading symbols for BlackSky Technology Inc.'s Class A common stock and warrants?

The trading symbol for Class A common stock is BKSY, and the trading symbol for warrants is BKSY.W.

On which exchange are BlackSky Technology Inc.'s Class A common stock and warrants traded?

Both Class A common stock and warrants are traded on The New York Stock Exchange.

Does this filing indicate any changes in BlackSky Technology Inc.'s business operations or financial performance?

No, this filing is a current report (Form 8-K) primarily updating the company's principal executive office address and does not detail changes in business operations or financial performance.

Filing Stats: 1,085 words · 4 min read · ~4 pages · Grade level 12 · Accepted 2024-04-15 07:04:22

Key Financial Figures

  • $0.0001 — stered Class A common stock, par value $0.0001 per share BKSY The New York Stock Excha
  • $11.50 B — A common stock at an exercise price of $11.50 BKSY.W The New York Stock Exchange Indi
  • $20.0 million — nk"). The Loan Agreement provides for a $20.0 million revolving credit facility, including a
  • $500,000 — revolving credit facility, including a $500,000 subfacility for the issuance of letters
  • $10.0 million — vices. The Loan Agreement provides that $10.0 million of the revolving commitments were immed
  • $10.0 — ilable for borrowing, and the remaining $10.0 of revolving commitments are available

Filing Documents

01 Entry into a Material Definitive Agreement

Item 1.01 Entry into a Material Definitive Agreement. On April 11, 2024, BlackSky Technology Inc., a Delaware corporation (the "Company"), and certain subsidiaries of the Company, as co-borrowers (together with the Company, the "Borrowers"), entered into a loan and security agreement (the "Loan Agreement") with Stifel Bank, as lender ("Bank"). The Loan Agreement provides for a $20.0 million revolving credit facility, including a $500,000 subfacility for the issuance of letters of credit and other ancillary banking services. The Loan Agreement provides that $10.0 million of the revolving commitments were immediately available for borrowing, and the remaining $10.0 of revolving commitments are available at any time after June 28, 2024. The revolving loans mature on June 30, 2026. The proceeds of the loans may be used by the Company for the funding of growth initiatives, including working capital needs and general corporate purposes. The Company borrowed $10.0 million in revolving loans at the closing of the Loan Agreement. The revolving loans accrue interest at a rate equal to the greater of (A) the prime rate and (B) six percent (6.00%). Interest on the loan is payable quarterly in arrears. Borrowers are required to pay to Bank an unused line fee of 0.25% per annum, payable quarterly in arrears. Borrowers may borrow, prepay and reborrow revolving loans, without premium or penalty. The principal amount of outstanding revolving loans, together with accrued and unpaid interest, is due on the revolving loan maturity date. The Company is also obligated to pay a fee to the lender upon the occurrence of certain change of control events or the refinancing, repayment or termination of the Loan Agreement, along with other customary fees for a loan facility of this size and type. The Company's obligations under the Loan Agreement are secured by substantially all of the Borrowers' assets, including intellectual property. The Loan Agreement contains customary affirmative

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 10.1 Loan and Security Agreement, dated as of April 11 , 2024, by and among BlackSky Technology Inc., BlackSky Holdings, Inc., BlackSky Geospatial Solutions, Inc., BlackSky Global LLC, SFI IP Holdco LLC, BlackSky International, Building 5 LLC and Stifel Bank. ______________________________________________________________________________

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: April 15, 2024 Date: April 15, 2024 By: /s/ Henry Dubois Henry Dubois Chief Financial Officer (Principal Financial Officer)

View Full Filing

View this 8-K filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.