# EDGAR Filing Document

**Accession Number:** 0001753539
**File Stem:** 0001753539-23-000024
**Filing Date:** 2023-3
**Character Count:** 11266
**Document Hash:** 7571c966b66dbfddde5b4d9a34c77d83
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001753539-23-000024.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001753539-23-000024

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230329

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackSky Technology Inc.
- **CENTRAL INDEX KEY:** 0001753539
- **STANDARD INDUSTRIAL CLASSIFICATION:** RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
- **IRS NUMBER:** 831833760
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39113
- **FILM NUMBER:** 23787830

**BUSINESS ADDRESS:**
- **STREET 1:** 13241 WOODLAND PARK ROAD
- **STREET 2:** SUITE 300
- **CITY:** HERNDON
- **STATE:** VA
- **ZIP:** 20171
- **BUSINESS PHONE:** 571-267-1571

**MAIL ADDRESS:**
- **STREET 1:** 13241 WOODLAND PARK ROAD
- **STREET 2:** SUITE 300
- **CITY:** HERNDON
- **STATE:** VA
- **ZIP:** 20171

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Osprey Technology Acquisition Corp.
- **DATE OF NAME CHANGE:** 20190619

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Osprey Energy Acquisition Corp. II
- **DATE OF NAME CHANGE:** 20180928

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Osprey Acquisition Corp. II
- **DATE OF NAME CHANGE:** 20180918

?xml version="1.0" ? bksy-20230329

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

**Date of report (Date of earliest event reported): March 29, 2023**

**BlackSky Technology Inc.**

**(Exact Name of Registrant as Specified in Charter)**

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| | | |
|:---|:---|:---|
| **Delaware** | **001-39113** | **47-1949578** |
| **(State or other jurisdiction**<br>**of incorporation)** | **(Commission**<br>**File Number)** | **(I.R.S. Employer**<br>**Identification Number)** |

---

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| | | |
|:---|:---|:---|
| **13241 Woodland Park Road** | **13241 Woodland Park Road** | |
| **Suite 300** | **Suite 300** | |
| **Herndon,** | **Virginia** | **20171** |
| **(Address of principal executive offices)** | **(Address of principal executive offices)** | **(Zip code)** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(571) 267-1571**

**(Registrant's telephone number, including area code)**

**Not Applicable**

**(Former name or former address, if changed since last report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Trading Symbol(s)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Name of each exchange on which registered** |
| **Class A common stock, par value $0.0001 per share** | **BKSY** | **The New York Stock Exchange** |
| **Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50** | **BKSY.W** | **The New York Stock Exchange** |

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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2).

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 8.01. &nbsp;&nbsp;&nbsp;&nbsp;Other Events.**

As previously disclosed in its Current Report on Form 8-K filed on March 10, 2023, BlackSky Technology Inc., a Delaware corporation (the "**Company**"), filed a petition on March 7, 2023 in the Court of Chancery of the State of Delaware (the "**Court of Chancery**") under Section 205 of the Delaware General Corporation Law (the "**DGCL**") seeking validation of the filing and effectiveness of (1) its Amended and Restated Certificate of Incorporation, dated September 9, 2021 (the "**Restated Charter**"), including the amendments approved by stockholders of the Company's predecessor that, among other things, increased the number of authorized shares of the Company's Class A common stock, and (2) the shares of Class A common stock issued in reliance on the Restated Charter (the "**Petition**").

On March 29, 2023, the Court of Chancery held a hearing on the Petition and issued a final order pursuant to DGCL Section 205 that: (1) validated and declared effective the stockholder vote approving the Restated Charter; (2) validated and declared effective the Restated Charter, including the filing and effectiveness thereof; (3) validated and declared duly authorized the Company's securities (and the issuance of the securities) described in the Petition, whether already issued or to be issued pursuant to authorization under the Restated Charter; and (4) validated these corporate acts taken, notwithstanding any failures of authorization or potential failures of authorization described in, or resulting from the matters described in, the Petition. A copy of the Court of Chancery's order is attached hereto as Exhibit 99.1.

**Item 9.01. &nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits.**

(d) Exhibits

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| | |
|:---|:---|
| **Exhibit Number** | **Description** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99.1 | <u>[O](judgereviewed_77796423x202.htm)[rder e](judgereviewed_77796423x202.htm)[ntered by the Delaware Court of Chancery on March 29, 2023](judgereviewed_77796423x202.htm)</u>. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104 | Cover Page Interactive Data File (embedded within the inline XBRL document) |

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\*Schedules, exhibits and similar attachments have been omitted pursuant to Item 601(a)(5) of Regulation S-K. The Company hereby undertakes to furnish copies of such omitted materials supplementally upon request by the SEC.

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**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: March 31, 2023

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| | |
|:---|:---|
| **BLACKSKY TECHNOLOGY INC.** | **BLACKSKY TECHNOLOGY INC.** |
| By: | /s/ Chris Lin |
|  | Name: Chris Lin |
|  | Title: General Counsel |

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## Exhibit 99.1

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| | | | | |
|:---|:---|:---|:---|:---|
| ![exhibitseal1a.jpg](exhibitseal1a.jpg) | | **GRANTED** | **GRANTED** | **GRANTED** |
| ![exhibitseal1a.jpg](exhibitseal1a.jpg) | | | | |
| ![exhibitseal1a.jpg](exhibitseal1a.jpg) | **IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE** | **IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE** | **IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE** | **IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE** |
| | | |)) | |
| | In re BLACKSKY TECHNOLOGY INC. | In re BLACKSKY TECHNOLOGY INC. |)) | C.A. No. 2023-0286-LWW |
| | | |)) | |

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**[PROPOSED] ORDER GRANTING PETITION FOR RELIEF**

**<u>PURSUANT TO 8</u> *<u>DEL. C.</u>* <u>§ 205</u>**

WHEREAS, on September 9, 2021, BlackSky Technology Inc. (the "Company") filed its Amended and Restated Certificate of Incorporation (the "Charter") with the Delaware Secretary of State;

WHEREAS, in reliance on the validity and effectiveness of the Charter, the Company has issued shares of its capital stock and other securities, and taken other actions, from time to time on or after September 9, 2021 and through the date of this order;

WHEREAS, on March 7, 2023 the Company filed with this Court a Verified Petition for Relief under 8 *Del. C.* § 205 seeking validation of the Charter and the securities issued in reliance thereon (the "Petition"); and

WHEREAS, the Court has considered the factors in 8 *Del. C.* § 205(d) and finds good cause to grant the Petition,

IT IS HEREBY ORDERED, this <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u> day of <u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</u>, 2023, that under 8

*Del. C.* § 205:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.The September 8, 2021 stockholder vote approving the Charter is hereby validated and declared effective.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.The Charter, including the filing and effectiveness thereof, is hereby validated and declared effective.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.The Company's securities (and the issuance of the securities) described herein or in the Petition, whether already issued or to be issued pursuant to authorization under the Charter, are hereby validated and declared duly authorized.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.This Order validates these corporate acts taken, notwithstanding any failures of authorization or potential failures of authorization described in, or resulting from the matters described in, the Petition.

 <br> Vice Chancellor

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| | |
|:---|:---|
| &nbsp;&nbsp;This document constitutes a ruling of the court and should be treated as such. | &nbsp;&nbsp;This document constitutes a ruling of the court and should be treated as such. |
| **Court:** | &nbsp;&nbsp;&nbsp;DE Court of Chancery Civil Action |
| **Judge:** | &nbsp;&nbsp;&nbsp;Lori W. Will |
| **File & Serve Transaction ID:** | &nbsp;&nbsp;&nbsp;69601574 |
| **Current Date:** | &nbsp;&nbsp;&nbsp;Mar 29, 2023 |
| **Case Number:** | &nbsp;&nbsp;&nbsp;2023-0286-LWW |
| **Case Name:** | &nbsp;&nbsp;&nbsp;In re BlackSky Technology Inc. |
| **Court Authorizer:** | &nbsp;&nbsp;&nbsp;Lori W. Will |
| **Court Authorizer<br>Comments:** |  |
| <br>The petition is granted pursuant to Section 205(a) of the Delaware General Corporation Law for the reasons set forth in the court's March 29, 2023 bench ruling. See transcript; see also Opinion Regarding Section 205 Petition, In re Lordstown Motors Corp., 2023-0083-LWW (Del. Ch. Feb. 21, 2023) (setting forth reasoning for granting similar relief in a Section 205 action).<br>**/s/ Judge Lori W. Will** | <br>The petition is granted pursuant to Section 205(a) of the Delaware General Corporation Law for the reasons set forth in the court's March 29, 2023 bench ruling. See transcript; see also Opinion Regarding Section 205 Petition, In re Lordstown Motors Corp., 2023-0083-LWW (Del. Ch. Feb. 21, 2023) (setting forth reasoning for granting similar relief in a Section 205 action).<br>**/s/ Judge Lori W. Will** |

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