SCHEDULE 13G/A: Nantahala Capital Management Discloses 4.47% Stake in BlackSky Technology Inc.
Beneficial Ownership Report
Nantahala Capital Management, LLC, along with Wilmot B. Harkey and Daniel Mack, has reported a beneficial ownership of 4.47% in BlackSky Technology Inc.'s Class A common stock as of December 31, 2024.
Summary
- Nantahala Capital Management, LLC, Wilmot B. Harkey, and Daniel Mack (collectively, the "Reporting Persons") have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in BlackSky Technology Inc.
- As of December 31, 2024, the Reporting Persons collectively beneficially own 1,377,060 shares of BlackSky Technology Inc.'s Class A common stock.
- This ownership represents 4.47% of the total outstanding Class A common stock.
- Nantahala Capital Management, LLC, as an investment adviser, and Messrs. Harkey and Mack, as managing members of Nantahala, share voting and dispositive power over these shares.
- The shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a standard beneficial ownership report (Schedule 13G) indicating a passive investment. It does not contain information that would inherently suggest positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
This filing indicates a significant, passive institutional investment in BlackSky Technology Inc., a company operating in the geospatial intelligence and satellite imagery sector. Such filings are common for investment firms accumulating or adjusting their positions in publicly traded companies.
Stakeholder Impact
- Shareholders: The filing indicates a notable institutional ownership stake, which can be viewed as a vote of confidence from a professional investment firm. However, as a passive investment, it does not suggest any immediate strategic changes or activist intentions.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of event which requires the filing of this statement, reflecting the beneficial ownership percentage. |
| 02/14/2025 | Date the Schedule 13G Amendment No. 1 was signed and filed. |
Keywords
BlackSky Technology Inc., Nantahala Capital Management, Schedule 13G, Beneficial Ownership, Class A Common Stock, Investment Adviser, SEC Filing
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