BKSY BlackSky Technology Inc.
Price Chart
Executive Summary
BlackSky Technology entered into an at-the-market (ATM) sales agreement to sell up to $250 million of Class A common stock through Deutsche Bank Securities and Craig-Hallum Capital Group. The offering, filed simultaneously via a 424B5 prospectus supplement, dilutes existing common shareholders by ~15% at the assumed price of $45.58/share and reduces the probability of warrant (BKSY-WT) exercise given the $92.00 exercise price.
Actionable Insight
Monitor actual sales under the ATM; each sale will increase dilution and likely pressure BKSY common stock. For warrant holders, downside risk increases as common stock moves further away from the $92.00 strike. Watch for any use of proceeds that could offset dilution (e.g., debt paydown or accretive M&A).
Key Facts
- Sales agreement for up to $250 million of Class A common stock
- Agents: Deutsche Bank Securities and Craig-Hallum Capital Group
- Commission: up to 3% of gross proceeds
- Warrant exercise price: $92.00 per share (BKSY-WT)
- Offering filed same day via 424B5 and S-3ASR
Financial Impact
At $45.58/share, full $250M utilization would add ~5.5M shares, diluting existing common stockholders by ~15%.
Risk Factors
- Dilution of existing common equity ~15%
- Downward pressure on common stock price from continuous selling
- Reduced likelihood of BKSY-WT warrant exercise given $92.00 strike
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-037716 |
| Exhibit: exhibit51blackskysx3asrmay.htm | 0001628280-26-037716 |
| Document: bksy-20260522.htm | 0001628280-26-037716 |
| Document: 0001628280-26-037716-index-headers.html | 0001628280-26-037716 |
| Document: 0001628280-26-037716-index.html | 0001628280-26-037716 |
| Document: 0001628280-26-037716.txt | 0001628280-26-037716 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
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Jun 11, 2026
1d ago
|
144
| $35.94 awaiting T+60 | awaiting T+60 | — | $32.42 (−9.78%) |
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Jun 11, 2026
2d ago
|
Institutional Cluster
| $34.52 awaiting T+60 | awaiting T+60 | — | $32.42 (+6.07%) |
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May 27, 2026
17d ago
|
EFFECT
| — | awaiting T+60 | — | — |
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May 22, 2026
21d ago
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8-K
| — | awaiting T+60 | — | — |
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May 22, 2026
21d ago
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424B5
| — | awaiting T+60 | — | — |
|
May 22, 2026
21d ago
|
S-3ASR
| — | awaiting T+60 | — | — |
|
May 7, 2026
5w ago
|
8-K
| — | awaiting T+60 | — | — |
|
Apr 7, 2026
9w ago
|
8-K
| — | awaiting T+60 | — | — |
|
Feb 28, 2026
15w ago
|
Institutional Cluster
| $21.61 $48.77 | ▲ +125.68% | ▲ +116.36% | $32.42 (+50.02%) |
|
Feb 26, 2026
15w ago
|
8-K
| $19.99 $44.65 | ▲ +123.36% | ▲ +115.61% | $32.42 (+62.18%) |
US Market Status
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