Wait, don't miss out on the latest GovCon industry news!

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings

*By clicking "Join us now" you agree to receive email, promotions and general messages from GovCon Wire, In addition, you also agree to GovCon Wire Privacy Policy and Terms & Conditions.

X Remind me Later

BlackSky Becomes Public GEOINT Company After Osprey Merger; Brian O’Toole Quoted

Herndon, Virginia-based geospatial intelligence provider BlackSky will start trading Friday on the New York Stock Exchange under the ticker symbol “BKSY” following the completion of its merger with blank check company Osprey Technology Acquisition (NYSE: SFTW) that was first announced in February.

“We are looking forward to this next chapter as a public company and the many opportunities that lie ahead in the new space economy,” BlackSky CEO Brian O’Toole said in a statement published Thursday.

“We welcome our new shareholders to join our journey as we provide global customers with critical insights to see and understand important changes that impact their business,” he added.

The combined company, which will operate as BlackSky Technology, received gross proceeds of about $283 million through the transaction, which was approved by Osprey’s shareholders Wednesday.

O’Toole will continue to oversee the combined entity as CEO. Will Porteous will remain as BlackSky’s chairman of the board. David DiDomenico – a partner at JANA Partners and president, CEO and a director of Osprey – will continue to serve on BlackSky’s board. Magid Abraham, James Tolonen and Timothy Harvey will also join the combined company’s board of directors.

BlackSky secured an equity investment from Palantir Technologies (NYSE: PLTR) to help it meet the customers’ demand for global monitoring services and further expand its capabilities.

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity

Related Articles