BlackSky plunges after announcing planned $125 mln convertible bond sale, rev warning
BlackSky Technology's BKSY.N shares plunging 24% to $21.48 in extended trading as real-time geospatial intelligence solutions provider looks to raise capital and lowers rev guidance
Herndon, Virginia-based co announces private offering of $125 mln convertible bonds due 2033
Co also says in a filing now expects FY25 rev of $105-$130 mln, down from prior outlookof $125-$142 mln, with reduction primarily driven by anticipated impacts of U.S. Government budget uncertainties and contract timing volatility in Q3 and Q4
Co has ~34.85 mln shares outstanding as of June 30, per the filing, giving it roughly $985 mln market cap
It intends to use approx $103.1 mln and $10.2 mln of net offering proceeds to repay borrowings under, and terminate, its term loan facilities
BKSY shares on Thurs closed up 8.9% at $28.29, extending YTD gain to 162%
All 6 analysts covering BKSY are bullish and median PT is $18, LSEG data reflects
Related Articles
Nikkei Index Heading Toward 60,000? Why Is Global Capital Betting on Sanae Takaichi? Will Japan’s Stock Market Continue to Hit New Highs in 2026?
TradingKey - In February 2026, the Tokyo stock market once again became the epicenter of global financial markets. Following a landslide victory by the Sanae Takaichi-led Liberal Democratic Party in the Lower House elections, the Nikkei 225 Index hit consecutive record highs within just a few days, targeting the 60,000-point milestone.
USD Dollar Trend Forecast: Dollar Index Falls Below 97.0 to 4-Year Low, Will the Dollar Continue To Fall or Bottom Out in 2026?
TradingKey - In January 2026, the US Dollar Index continued its downward trend from 2025, officially breaking below the key 97.0 level and reaching a low of 95.5, marking a nearly four-year low since February 2022.
Best Silver Stocks to Watch in 2026
TradingKey - Silver has a uniquely dual nature that is reflected in its use in the modern world through both the use of silver as a resource for manufacturing and through its application to technology due to its superior properties of electrical and thermal conductivity compared to all other metals
