0001628280-26-037716
SEC filingBlackSky entered into a Sales Agreement with Deutsche Bank Securities and Craig-Hallum Capital Group to offer and sell up to $250 million of Class A common stock through an at-the-market program.
The Sales Agreement establishes a flexible equity financing facility allowing BlackSky to raise up to $250 million through periodic sales of Class A common stock. The structure permits both at-the-market transactions on the New York Stock Exchange and negotiated block transactions, providing the company with discretion over timing and volume. Agent compensation is capped at 3% of gross proceeds, a standard rate for such programs. The agreement includes customary representations, warranties, and indemnification provisions. Termination requires only ten trading days' notice, offering both parties flexibility. This facility is registered under an existing shelf registration statement, enabling rapid access to capital markets without additional SEC filings. The arrangement supports potential working capital, growth initiatives, or balance sheet management without committing the company to any minimum issuance.