Osprey Technology Acquisition in an 8-K filing included an investor presentation highlighting its proposed merger with satellite imagery company BlackSky. The SPAC’s stockholders are scheduled to vote on the deal Sept. 8.
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.
If approved, the pro forma equity value of the merger is expected to be nearly $1.5 billion.
BlackSky monitors activities and facilities worldwide by harnessing sensor networks and leveraging its own satellites. Read more.
