Herndon- and Seattle-based global monitoring company BlackSky announced Thursday it will go public following its acquisition by Osprey Technology Acquisition Corp., a transaction that values the combined company at $1.1 billion.
Under the transaction, the special purpose acquisition corporation will merge with the Herndon company. BlackSky’s shareholders will own 62% of common shares of the merged company. It will trade on the New York Stock Exchange under the ticker symbol BKSY.
Founded in 2014, BlackSky provides satellite imaging services using machine learning, artificial intelligence, computer vision and natural language processing.
