BlackSky Technology Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
What changed in Risk Factors?
Read the current filingPrevious report: 10-Q
Period ended 2024-06-30; filed 2024-08-08.
0001753539-24-000095
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsCurrent report: 10-Q
Period ended 2024-09-30; filed 2024-11-07.
0001753539-24-000136
Item 1A. Risk FactorsUnregistered Sales of Equity Securities and Use of ProceedsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 7 previous paragraphs and 7 current paragraphs.
6 unchanged; 1 reworded; 0 added; 0 removed; 0 previous and 0 current paragraphs rearranged.
Tables are not compared: 0 previous and 0 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Reworded paragraphs (1)
Previous wording
On December 15, 2022, we entered into an "at the market" (ATM) sales agreement with Jefferies LLC as our sales agent, under which we may offer and sell from time to time up to $75 million of shares of our common stock in negotiated transactions or transactions that are deemed to be an ATM offering. During the three months ended June 30, 2024, we raised gross proceeds of $1.8 million through the sale of 1,638,207 shares in our ATM offering. We sold such shares at an average purchase price per share of $1.13. After deducting commissions and other offering expenses associated with the ATM offering of $0.2 million, the net proceeds to us from the transactions were $1.6 million. We currently intend to use the net proceeds from the sale of the shares for working capital and other general corporate purposes.
Current wording
On December 15, 2022, we entered into an "at the market" (ATM) sales agreement with Jefferies LLC as our sales agent, under which we may offer and sell from time to time up to $75 million of shares of our common stock in negotiated transactions or transactions that are deemed to be an ATM offering. During the three months ended September 30, 2024, we raised gross proceeds of $1.6 million through the sale of 176,406 shares in our ATM offering. We sold such shares at an average purchase price per share of $9.26. After deducting commissions and other offering expenses associated with the ATM offering of $0.1 million, the net proceeds to us from the transactions were $1.5 million. We currently intend to use the net proceeds from the sale of the shares for working capital and other general corporate purposes.