BlackSky Technology Inc. Files 8-K with Corporate Updates
Ticker: BKSY-WT · Form: 8-K · Filed: Sep 6, 2024 · CIK: 1753539
| Field | Detail |
|---|---|
| Company | Blacksky Technology Inc. (BKSY-WT) |
| Form Type | 8-K |
| Filed Date | Sep 6, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.0001, $92.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-action, filing, amendment
Related Tickers: BKSY
TL;DR
BlackSky filed an 8-K on 9/4 detailing corporate changes and amendments.
AI Summary
BlackSky Technology Inc. filed an 8-K on September 4, 2024, reporting material modifications to security holder rights, amendments to its articles of incorporation, and other events. The filing also includes financial statements and exhibits. The company was formerly known as Osprey Technology Acquisition Corp.
Why It Matters
This 8-K filing indicates significant corporate actions and potential changes affecting BlackSky's security holders and governance structure.
Risk Assessment
Risk Level: low — The filing is a routine corporate disclosure and does not immediately indicate significant financial or operational risks.
Key Players & Entities
- BlackSky Technology Inc. (company) — Filer
- Osprey Technology Acquisition Corp. (company) — Former company name
- September 4, 2024 (date) — Date of earliest event reported
FAQ
What specific material modifications were made to the rights of security holders?
The filing indicates material modifications to rights of security holders, but the specific details of these modifications are not elaborated in the provided text.
What amendments were made to BlackSky's articles of incorporation or bylaws?
The filing states that there were amendments to the articles of incorporation or bylaws, but the specific nature of these amendments is not detailed in the provided text.
Were any matters submitted to a vote of security holders?
The filing lists 'Submission of Matters to a Vote of Security Holders' as an item of information, suggesting that such matters were indeed submitted, but the specifics are not provided.
What other events are being reported in this 8-K filing?
The filing indicates 'Other Events' are being reported, but the nature of these events is not specified in the provided text.
When did BlackSky Technology Inc. change its name from Osprey Technology Acquisition Corp.?
BlackSky Technology Inc. changed its name from Osprey Technology Acquisition Corp. on June 19, 2019.
Filing Stats: 1,103 words · 4 min read · ~4 pages · Grade level 10.3 · Accepted 2024-09-06 16:16:10
Key Financial Figures
- $0.0001 — stered Class A common stock, par value $0.0001 per share BKSY The New York Stock Excha
- $92.00 — A common stock at an exercise price of $92.00 per share BKSY.W The New York Stock Ex
Filing Documents
- bksy-20240904.htm (8-K) — 45KB
- blacksky-charteramendmentr.htm (EX-3.1) — 11KB
- blacksky-reversestocksplit.htm (EX-99.1) — 15KB
- 0001753539-24-000112.txt ( ) — 254KB
- bksy-20240904.xsd (EX-101.SCH) — 2KB
- bksy-20240904_def.xml (EX-101.DEF) — 17KB
- bksy-20240904_lab.xml (EX-101.LAB) — 29KB
- bksy-20240904_pre.xml (EX-101.PRE) — 17KB
- bksy-20240904_htm.xml (XML) — 4KB
03. Material Modification to Rights of Security Holders
Item 3.03. Material Modification to Rights of Security Holders. The information set forth in Item 5.03 of this Current Report on Form 8-K (this "Report") is incorporated herein by reference.
03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year. On September 4, 2024, BlackSky Technology Inc. (the "Company") filed a Certificate of Amendment to its Amended and Restated Certificate of Incorporation (the "Certificate of Amendment") with the Secretary of State of the State of Delaware to effect a 1-for-8 reverse stock split (the "Reverse Stock Split") of the Company's issued shares of Class A common stock, par value $0.0001 per share (the "Common Stock"). The Certificate of Amendment became effective on September 6, 2024 at 4:15 p.m. Eastern Time, and the Common Stock will begin trading on a reverse stock split-adjusted basis on the New York Stock Exchange on the opening of trading on September 9, 2024. An amendment to the Company's Amended and Restated Certificate of Incorporation to effect a reverse stock split of the issued Common Stock, at a ratio of 1-for-2 to 1-for-25, to be determined in the sole discretion of the Company's board of directors (the "Reverse Stock Split Proposal"), was approved by the Company's stockholders at the Company's 2024 annual meeting of stockholders (the "Annual Meeting") held on September 4, 2024. The specific Reverse Stock Split was subsequently approved by the Company's board of directors on September 4, 2024. As a result of the Reverse Stock Split, every eight issued shares of the Common Stock were automatically combined into one issued share of the Common Stock, without any change in the par value per share. No fractional shares were issued as a result of the Reverse Stock Split. Any fractional shares that would otherwise have resulted from the Reverse Stock Split will be paid in cash. In addition, proportional adjustments were made to the number of shares of the Common Stock issuable upon exercise or settlement of the Company's outstanding equity awards and warrants, the applicable exercise price and the number of shares of the Common Stock reserved for future issuance under the Comp
07. Submission of Matters to a Vote of Security Holders
Item 5.07. Submission of Matters to a Vote of Security Holders. On September 4, 2024, the Company held the Annual Meeting. Holders of the Common Stock were entitled to one vote on each proposal for each share held as of the close of business on July 16, 2024, the record date for the Annual Meeting. The matters voted on at the Annual Meeting and the votes cast with respect to each such matter are set forth below: 1. Election of Class III Directors. Each of the following nominees was elected to serve as a Class III director and to hold office until the Company's 2027 annual meeting of stockholders and until his respective successor has been duly elected and qualified, or until such director's earlier death, resignation or removal, based on the following results of voting: Nominee For Withheld Broker Non-Votes Brian O'Toole 60,981,119 18,525,833 29,440,423 James Tolonen 54,185,139 25,321,813 29,440,423 2. Ratification of Appointment of Independent Registered Public Accounting Firm. The appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024 was ratified based on the following results of voting: For Against Abstained Broker Non-Vote 108,426,656 168,531 352,188 0 3. Approval of the Reverse Stock Split. The Reverse Stock Split Proposal was approved based on the following results of voting: For Against Abstained Broker Non-Vote 104,666,960 3,991,424 288,991 0
01. Other Events
Item 8.01. Other Events. On September 4 , 2024, the Company issued a press release announcing the Reverse Stock Split. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 3.1 Certificate of Amendment to the Amended and Restated Certificate of Incorporation of BlackSky Technology Inc. as filed on September 4, 2024 with the State of Delaware 99.1 Press Release of BlackSky Technology Inc. dated September 4 , 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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: September 6, 2024 BLACKSKY TECHNOLOGY INC. By: /s/ Chris Lin Name: Chris Lin Title: General Counsel and Chief Administrative Officer