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Copyright © 2021 Wilson Sonsini Goodrich & Rosati. All Rights Reserved.
Firm Advises BlackSky
Holdings in Merger with
Osprey Technology
Acquisition Corp.
CLIENT HIGHLIGHTS
February 22, 2021
On February 18, 2021, BlackSky Holdings, Inc., a real-time geospatial intelligence, imagery, and
data analytics company, and Osprey Technology Acquisition Corp., a special purpose acquisition
company, or SPAC, announced they entered into a definitive agreement for a business
combination that would result in BlackSky becoming a publicly listed company. Wilson Sonsini
Goodrich & Rosati is advising BlackSky in the transaction.
According to the press release, pursuant to the transaction, Osprey will combine with BlackSky
at an estimated pro forma enterprise value of $1.1 billion. The business combination agreement
is expected to provide approximately $450 million of net proceeds to the combined company to
fund expected future growth, including a fully committed $180 million common stock PIPE with
participation from leading institutional investors including Tiger Global Management, Mithril
Capital, Hedosophia, and Senator Investment Group. Additionally, Osprey’s sponsor and its
affiliates are investing over $20 million in the PIPE.
The transaction has been unanimously approved by the Board of Directors of both Osprey and
BlackSky and is expected to close in July 2021.
The Wilson Sonsini team advising BlackSky includes the following attorneys:
Corporate
Craig Sherman, Partner
Drake Glesmann, Associate
Melanie Froh, Associat
Adam Fryer, Paralegal
M&A
Brian Keyes, Partner
David Lee, Associate
Andrew Lombardo, Associate
Capital Markets
Megan Baier, Partner
Mark Bass, Partner
Alexandra Perry, Associate
Abigail Riddle, Associate
Corporate Finance
Dana Hall, Partner
Copyright © 2021 Wilson Sonsini Goodrich & Rosati. All Rights Reserved.
Joe Catapano, Associate
Jing Yang, Associate
Alex Weber, Associate
Intellectual Property
Manja Sachet, Partner
Chi-Fei Wang, Of Counse
Tiffany Georgievski, Associate
Privacy and Cybersecurity
Matt Staples, Partner
Antitrust
Christopher Williams, Senior Counsel
Tax
Gregory Broome, Partner
Andrew Bryant, Senior Counsel
Executive Benefits & Compensation
Jaqueline Tokuda, Partner
Mark Cornillez-Ty, Associate
Employment Law
Joseph Horne, Associate
Regulatory
Joshua Gruenspecht, Partner
Seth Cowell, Associate
Real Estate
James McCann, Partner
Martin Sul, Senior Counsel
Jeremiah Nelson, Associate
Please see BlackSky’s press release for more information.
