BlackSky Technology Inc. announced its intention to offer shares of its Class A common stock for sale in an underwritten public offering. All of the shares in the offering are being offered by BlackSky.
The company intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the number of shares of its common stock in the offering. The offering is subject to market and other conditions.
This proposed offering aims to raise capital for BlackSky, which could support its ongoing operations and strategic investments, but also introduces potential dilution for current shareholders.
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