Osprey Technology Shareholders Approve BlackSky Acquisition

Osprey Technology Acquisition

Osprey Technology Acquisition in an 8-K filing today said its shareholders voted in favor of the merger with satellite imagery company BlackSky.

The SPAC said 21,375,376 shares were redemed for a pro rata portion of the funds in trust at a redemption price of approximately $10.05 per share. That wiped out about $215 million in the SPAC’s trust. Osprey raised more than $250 million nearly two years ago in an IPO.

As announced in February, terms of the deal called for approximately $450 million of net proceeds to the combined company, which assumed no redemptions, including a fully committed $180 million common stock PIPE. Read more

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