Osprey Technology Acquisition filed a preliminary proxy and registration statement with the SEC on its proposed merger with satelliter imagery company BlackSky.
Announced in February, the transaction is expected to provide approximately $450 million of net proceeds to the combined company, assuming no redemptions, including a fully committed $180 million common stock PIPE with participation from institutional investors including Tiger Global Management, Mithril Capital, Hedosophia, and Senator Investment Group. Additionally, Osprey’s sponsor and its affiliates are investing over $20 million in the PIPE.
The pro forma equity value of the merger is expected to be nearly $1.5 billion at the $10 per share PIPE price.
BlackSky monitors activities and facilities worldwide by harnessing sensor networks and leveraging its own satellites. Read more.
