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Tuesday, May 17, 2022

Osprey Technology Acquisition Corp [NYSE: SFTW] Announces Merger Agreement With BlackSky Holdings

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Osprey Technology Acquisition Corp. [NYSE: SFTW] revealed that the company inked a definitive merger contract with Blacksky Holdings Inc. As a result of the contract, BlackSky will become a publicly listed company. Moreover, It is expected that the newly combined company will be listed under [BKSY] on NYSE.

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This transaction completely finances our development plans and enhances our vision of giving our clients a ‘first-to-know’ advantage. This is a significant affectation point for our industry as a business and government clients request access to real-time data about the progressions that matter most to them,” said Brian O’Toole, CEO of BlackSky.

He further added  “With our high return to rate constellation and our modern analytic stage, Our company can address the market’s critical interest for constant geospatial knowledge. We’re eager to collaborate with Osprey to enhance our central goal to help our clients’ necessities.”

Jonathan Z. Cohen, EC of Osprey, state “We are happy to unite with Brian, the BlackSky, and numerous famous investors in the new space economy. Additionally, We anticipate cooperating to assemble long-term value for BlackSky investors.”

We are glad to cooperate with BlackSky,” said David DiDomenico, CEO of Osprey. “BlackSky’s constantly developing, the exclusive database is a significant upper hand. We believe its vertically coordinated tasks fill in as a significant purpose of qualification among other space analytic organizations. Moreover, This transaction will bring to fulfillment the vision of Brian and the BlackSky group.”

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