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Osprey Technology Acquisition Corp.

SFTW · NYSE · formerly Osprey Energy Acquisition Corp. II

Trust settledBlackSky Technology Inc. · Finished

NO ACTION REQUIRED

Nothing left to do

The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.

Cash at settlement

no closing figure

No cash-per-share figure was filed for this vehicle before it finished.

Last close

no quote on file

Daily close

Nothing left to claim

this vehicle finished

There is nothing to hand back: holders who wanted cash elected it at the vote, and the rest became shares in the buyer.

Read what happened to the cash

The floor

Trust settled

This SPAC has finished — its trust was paid out or used to close the deal, so there is nothing left to redeem

Read the reasoning behind this verdict

No price history on file yet — daily closes accumulate from the market data feed.

Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.

SpacBrain’s read

Trust settled

The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

In plain terms

What it is
A SPAC from JANA PARTNERS LLC, listed on NYSE in November 2019.
What it's doing now
It agreed to buy BlackSky Technology Inc., a geospatial intelligence and satellite imagery company. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
What you should know
This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.

At a glance

Where it stands
Closed (deSPAC)
The business it bought
BlackSky Technology Inc.
Industry
Industrials — geospatial intelligence and satellite imagery
Deal value
not stated in the filings we hold
Price vs cash at settlement
no live price on file
Cash in trust when it settled
not yet extracted into a snapshot — the filings below may state it
the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
IPO
4 November 2019
size not on file
Headquarters
2411 DULLES CORNER PARK, HERNDON, VA, 20171
registered in Delaware
Lead underwriter
not extracted from the prospectus yet
Key officers
Dubois Henry Edward (Chief Financial Officer) · Gordon Susan M. (Director) · TOLONEN JAMES R (Director)
Listed securities
SFTW common
Cash held per sharenot filed for this window

This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.

Next date that mattersno dated event on file

Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.

Yield to redemption

Nothing left to redeem — no yield to compute.

This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.

What happened to the cash

The reasoning behind the verdict above, in the order the filings establish it.

  1. The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).

What has happened, and what is coming

1 dated milestone

Every dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.

  1. 4 November 2019IPOpassed

    IPO size not on file

The deal

terms as filed

What it is buying, on what terms, and how much of the combined company new shares take from you.

  • BlackSky Technology Inc.—
    closedIndustrials

    What BlackSky Technology Inc. does — read from ir.blacksky.com on 26 August 2026

    BlackSky is a real-time, space-based intelligence company that delivers on-demand, high-frequency imagery, analytics and monitoring of critical and strategic locations, economic assets and events worldwide. It owns and operates a commercial real-time intelligence system combining the BlackSky Spectra tasking and analytics software platform with a proprietary low earth orbit satellite constellation, delivering AI-driven analytics in under 90 minutes on average.

    space-based intelligencesatellite imagerygeospatial analyticsmonitoring
    Deal structureSEC-primary — BCA 8-K / S-4 / DEFM14A
    Break fee
    $41M
    stated in:0001193125-21-160673 opens on sec.gov in a new tab

The score

deterministic, from filed fields

SFTW is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.

Asymmetric return scoreNeither a price nor a cash-per-share figure is on file for this vehicle, and the score is a ratio between the two. Nothing is estimated to fill the gap.

The score is only published for names that carry both a price and a filed cash-per-share figure — 292 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.

See the names that are scored, and how

The company

from SEC filings
Read the full profile

Osprey Technology Acquisition Corp. was a blank-check company whose common stock traded on the New York Stock Exchange under the ticker SFTW. The company priced its initial public offering on November 4, 2019, under SEC file number 333-234180, with units each consisting of one share of Class A Common Stock and one-half of one redeemable Warrant. It was classified under SIC industry code 3663, Radio & tv Broadcasting & Communications Equipment. The vehicle completed a business combination and no longer files, as evidenced by a Form 25 filed on September 10, 2021, and EDGAR now lists the CIK under the name BlackSky Technology Inc.

Material findings

from the full read of every filing

Every document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.

  • 8-K13 August 20260001753539-26-000128opens on sec.gov in a new tab

    The warrants were already within weeks of expiry at a $92.00 strike, so the suspension removes the only venue for selling an instrument whose remaining life is short. The common stock listing is a separate test and is not part of this action.

  • 8-K6 August 20260001753539-26-000118opens on sec.gov in a new tab

    The 50% revenue growth and positive Adjusted EBITDA demonstrate improving operational leverage, while the $150M capital raise significantly strengthens the balance sheet for upcoming Gen-3 satellite launches and capex needs.

  • DEF 14A25 July 20240001753539-24-000085opens on sec.gov in a new tab

    The sponsor's remaining warrants are effectively frozen above the market: under the Sponsor Support Agreement it has agreed not to exercise certain warrants unless and until the common stock reaches a trading price of $20.00 per share. A reverse split moves the nominal price toward that threshold without changing the company's value, so holders approving a ratio as deep as 1-for-25 should note it also brings the sponsor's warrant overhang closer to being exercisable.

  • S-4/A2 August 20210001193125-21-233509opens on sec.gov in a new tab

    Three amendments in, the registered ceiling has not moved: 92,500,000 shares covering both the consideration for BlackSky's capital stock and the reserve for its restricted stock unit awards, stock options and warrants outstanding at the effective time. The $3,108.96 is one-third of the par value of the BlackSky securities being exchanged, computed under Rule 457(f) because BlackSky is private, no market exists for its securities and it has an accumulated capital deficit. It is not a valuation of the target.

  • S-4/A14 July 20210001193125-21-215407opens on sec.gov in a new tab

    The 92,500,000 shares are the estimated maximum issuable in exchange for BlackSky capital stock together with shares reserved for BlackSky restricted stock unit awards, stock options and warrants outstanding at the effective time — so the equity-award overhang sits inside the ceiling rather than on top of it. The $3,108.96 offering price is a Rule 457(f) construct because BlackSky is private, no market exists for its securities and it has an accumulated capital deficit, which is why the fee on a transaction of this size is 34 cents.

  • S-4/A28 June 20210001193125-21-200716opens on sec.gov in a new tab

    The $3,108.96 is a Rule 457(f) construct — BlackSky is private, no market exists for its securities and it has an accumulated capital deficit, so the price is one-third of the par value of the securities exchanged — which leaves 92,500,000 as the only usable number in the table. That count is a combined ceiling: shares issued for BlackSky capital stock and shares reserved for BlackSky restricted stock unit awards, stock options and warrants outstanding at the effective time sit inside the same figure.

Show 1 more material filings
  • S-413 May 20210001193125-21-160673opens on sec.gov in a new tab

    The $3,108.96 is a Rule 457(f) artefact rather than a price: BlackSky is private, no market exists for its securities and it has an accumulated capital deficit, so the figure is one-third of the par value of the BlackSky securities being exchanged. The number that carries meaning is 92,500,000, and it is a combined ceiling — merger consideration and the reserve for the target's equity awards sit inside the same figure, so that overhang is not additional to it. The document is a combined proxy statement, consent solicitation statement and prospectus.

Filings

live EDGAR feed

Everything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.

  • 8-K13 August 20260001753539-26-000128opens on sec.gov in a new tab

    What changed: BlackSky Technology Inc. (NYSE: BKSY) reported that on August 7, 2026 the New York Stock Exchange notified the company, and on August 10, 2026 publicly announced, that it has determined to commence proceedings to delist the company's warrants and to immediately suspend trading in them due to abnormally low selling price levels under Section 802.01D of the NYSE Listed Company Manual. The warrants are exercisable for Class A common stock at $92.00 per share and expire in September 2026. Trading in the common stock is unaffected and continues under the symbol BKSY. Why it matters: The warrants were already within weeks of expiry at a $92.00 strike, so the suspension removes the only venue for selling an instrument whose remaining life is short. The common stock listing is a separate test and is not part of this action.

  • 8-K6 August 20260001753539-26-000118opens on sec.gov in a new tab

    What changed: BlackSky (BKSY) reported Q2 2026 revenue of $33.3M (up 50% YoY) and Adjusted EBITDA of $4.7M, while raising $150M via ATM equity issuance of 3.6M shares, boosting cash to $244.1M as of June 30, 2026. The company reaffirmed FY2026 revenue guidance of $130M-$150M. Why it matters: The 50% revenue growth and positive Adjusted EBITDA demonstrate improving operational leverage, while the $150M capital raise significantly strengthens the balance sheet for upcoming Gen-3 satellite launches and capex needs.

  • 10-Q6 August 20260001753539-26-000124opens on sec.gov in a new tab

    What changed: BlackSky Technology (formerly SFTW/Osprey) filed its Q2 2026 10-Q showing revenue of $33.3M for Q2 and $54.1M for 1H 2026, with net loss narrowing to $20.8M from $41.2M year-over-year. The company raised $165M via ATM offering (4.2M shares at avg $39.41) and had $36.9M cash plus $197.3M short-term investments as of June 30, 2026. Why it matters: The SPAC deal closed years ago; this is a routine post-deal quarterly report for the operating company (BKSY). No trust, redemption, or extension mechanics remain—investors should track revenue growth, cash burn, and the $185M convertible notes maturing 2033.

  • SCHEDULE 13G/A29 July 20260001390777-26-000073opens on sec.gov in a new tab
  • ARS23 July 20260001753539-26-000113opens on sec.gov in a new tab
Show the other 10 filings
  • DEF 14A23 July 20260001753539-26-000108opens on sec.gov in a new tab

    What changed: BlackSky Technology Inc., the successor to Osprey Technology Acquisition Corp, called its annual meeting for 10 September 2026 at 1:00 p.m. Eastern, virtual, record date 16 July 2026. Business is ordinary-course for an operating public company: election of directors, ratification of the auditor, and an advisory say-on-pay vote on executive compensation. The letter is signed by Brian O'Toole, Chief Executive Officer, President and Director. The proxy describes 2025 activity of the nominating and corporate governance committee and its delegation rules under NYSE and SEC requirements. Why it matters: Nothing here concerns a trust or a redemption — and that is the finding. Osprey's vehicle is fully resolved into a listed operating company running a normal NYSE governance calendar, with no reverse split, no going-concern language and no capital-structure proposal in this notice. For a sponsor track record that is the good outcome, and it is the contrast case against the three reverse-split proxies filed by de-SPAC successors in the same fortnight.

  • DEFA14A23 July 20260001753539-26-000111opens on sec.gov in a new tab

    What changed: BlackSky Technology Inc., the successor to Osprey Technology Acquisition Corp., filed definitive additional proxy materials under Schedule 14A. The captured document consists only of the SEC cover page: it identifies BlackSky Technology Inc. as the registrant, marks the box for Definitive Additional Materials rather than a definitive or preliminary proxy statement, checks that no filing fee is required. No substantive additional soliciting material, exhibit text or supplemental disclosure is present in the text captured for this filing. Why it matters: Nothing in the captured text changes a trust balance, a redemption right, a deadline or a vote recommendation, so there is no action for a holder here. It should be read alongside BlackSky's definitive proxy for the September 10, 2026 annual meeting, which carries the actual proposals. Confidence is deliberately low: only the cover page was captured, so the substantive attachment — whatever supplemental material prompted this filing — is not visible and this summary cannot describe it.(flagged for human review)

  • 430 June 20260001753539-26-000090opens on sec.gov in a new tab
  • 430 June 20260001809523-26-000009opens on sec.gov in a new tab
  • 430 June 20260001400956-26-000009opens on sec.gov in a new tab
  • 430 June 20260001753539-26-000089opens on sec.gov in a new tab
  • 412 June 20260001753539-26-000083opens on sec.gov in a new tab
  • 412 June 20260001753539-26-000084opens on sec.gov in a new tab
  • 412 June 20260001753539-26-000082opens on sec.gov in a new tab
  • 14411 June 20260001443092-26-000003opens on sec.gov in a new tab

The record

The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.

Show the reference detail

Unit structure

Cash in trust at IPOnot extracted from the prospectus

from 424B3 0001753539-23-000030

Trading & liquidity

Average daily volume (20d)no volume reported on the bars we hold
Average daily $ volumeneeds both volume and a live price
Range over the bars heldnot enough price history
Total cash in trustthe trust total is not in the last XBRL stamp

Company profile

Industry (SIC)Radio & Tv Broadcasting & Communications Equipment (3663)
Registered inDelaware
Exchange · CIKNYSE · 0001753539

All filings on EDGARopens on sec.gov in a new tab

FormerlyOsprey Energy Acquisition Corp. II

Directors & officers

Institutional holders

from SC 13G/13D

Funds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.

Show the declared stakes

17 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.

One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.

News

company wires and the financial press

Reporting we have matched to this ticker. Headlines belong to the outlets that wrote them.

Show the headlines

Sources on file

harvested pages, kept in full

Every public page we have read about this company, stored in full so a source can never go missing.

Show the sources

34 full SEC filing texts archived — searchable, never lost.

In plain English

tap a term to open it

Every piece of jargon this page could have used, and what it actually means.

Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected

A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.

Redemption deadlinethe last day to hand shares back for cash

Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.

Broker action datethe day your broker needs the instruction — earlier than the official date

Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.

Cash in trust / trust per sharethe cash the company is holding for each public share

Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.

Trust discountbuying below the cash held for you

Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.

Dilutionhow much of the company new shares take from you

Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.

Pro-forma equitywhat the company is valued at once the deal closes

The combined company's equity value assuming the announced terms and the redemptions that have actually happened.

ARShow much upside you get per unit of downside

SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.

De-SPACthe day the SPAC becomes the real company

The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.

Outside datethe contractual long-stop for closing the deal

A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.

Accession numberthe SEC's unique id for one filing

Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.

Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since

A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.

Ask the brain

from its filings
Data provenance & audit trail5 internal entries

Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.

SFTW — company record
UNIVERSE-IPO-INDEX2026-08-17

admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 3663 (Radio & Tv Broadcasting & Communications Equipment). The screen found it by filing SHAPE instead — S-1 2019-10-11 → 8-A12B 2019-10-29 → 424B4 2019-11-04 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 3663 + self-described blank check in 424B4 0001193125-19-282466; 424B 0001193125-19-282466 priced 2019-11-04 under S-1 0001193125-19-266811 (file 333-234180, an offering for cash); common ticker SFTW off 10-Q 0001193125-21-244880 (2021-08-12); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-234180, which belongs to S-1 0001193125-19-266811 (2019-10-11) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2019-11-04). Ending PROVEN, not inferred: CLOSED per Form 25 0000876661-21-001296 (2021-09-10) — Form 25 filed under 17 CFR 240.12d2-2(a)(3) — the rule for securities that "have come to evidence other securities in substitution therefor", i.e. the shares became the successor's (class: Units, each consisting of one share of Class A Common Stock and one-half of one redeemable Warrant). EDGAR now files this CIK as "BlackSky Technology Inc." — the SPAC's own name is kept here and the successor is the target. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.

SPONSOR-ID2026-08-14

sponsor "JANA PARTNERS LLC" (SEC CIK 0001159159) sourced from Form 3 reportingOwner (entity, NOT flagged 10% owner — unconfirmed by prospectus) acc 0000902664-19-004143.

Deal — BlackSky Technology Inc.
UNTAGGED

[CLOSED-RENAME] EDGAR CIK 0001753539 records "Osprey Technology Acquisition Corp." ending 2021-09-08; the registrant continues as "BlackSky Technology Inc.". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2021-09-08. No deal value is set — a rename says what was acquired, never for how much. No date column is set: Deal has announcedAt, voteDate and expectedCloseAt and nowhere to record an actual close, so the SEC's date is kept here until that column exists. [DEAL-STRUCTURE-MINED] terminationFeeM=40.7 from primary filings (0001193125-21-160673).

PROFILE-STUB2026-08-25

entity created from the filed target name; no About paragraph on file, so every other field awaits a sourced read

SEGMENT-FROM-FILING2021-08-02

OTHER -> DEFENSE_SPACE, on S-4/A 0001193125-21-233509: "BlackSky is a leading provider of geospatial intelligence, imagery and data analytic products and services and mission systems."

Back to the screenerVault note