BlackSky Technology slides on planned $100 million share sale

Blacksky Technology

12/12/2025 21:54

** Space-based intelligence company BlackSky Technology's BKSY.N shares fall 5.8% to $17.18 in extended trading

** BKSY unveils up to $100 million "at-the-market offering" to be handled by Deutsche Bank and Craig‑Hallum

** Stock closed down 6.7% at $18.24 on Friday

** Proceeds will be used for general purposes, including capital expenditures and strategic investments

** BKSY has ~36 million outstanding shares as of September 30, according to SEC filing

** As of last close, BKSY stock up 69% YTD

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))