0001535264-24-000055.txt : 20241114
0001535264-24-000055.hdr.sgml : 20241114
20241114150430
ACCESSION NUMBER: 0001535264-24-000055
CONFORMED SUBMISSION TYPE: SC 13G
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20241114
DATE AS OF CHANGE: 20241114
GROUP MEMBERS: ADAM STETTNER
GROUP MEMBERS: AWM INVESTMENT CO INC.
GROUP MEMBERS: DAVID GREENHOUSE
GROUP MEMBERS: MG ADVISERS, L.L.C.
GROUP MEMBERS: MGP ADVISERS LIMITED PARTNERSHIP
GROUP MEMBERS: SPECIAL SITUATIONS CAYMAN FUND, L.P.
GROUP MEMBERS: SPECIAL SITUATIONS FUND III QP, L.P.
GROUP MEMBERS: SPECIAL SITUATIONS PRIVATE EQUITY FUND, L.P.
GROUP MEMBERS: SPECIAL SITUATIONS TECHNOLOGY FUND, II L.P.
GROUP MEMBERS: SPECIAL SITUATIONS TECHNOLOGY FUND, L.P.
GROUP MEMBERS: SSCAYMAN, L.L.C.
GROUP MEMBERS: SST ADVISERS, L.L.C.
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: BlackSky Technology Inc.
CENTRAL INDEX KEY: 0001753539
STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
ORGANIZATION NAME: 04 Manufacturing
IRS NUMBER: 831833760
STATE OF INCORPORATION: X1
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-91190
FILM NUMBER: 241460749
BUSINESS ADDRESS:
STREET 1: 13241 WOODLAND PARK ROAD
STREET 2: SUITE 300
CITY: HERNDON
STATE: VA
ZIP: 20171
BUSINESS PHONE: 571-267-1571
MAIL ADDRESS:
STREET 1: 13241 WOODLAND PARK ROAD
STREET 2: SUITE 300
CITY: HERNDON
STATE: VA
ZIP: 20171
FORMER COMPANY:
FORMER CONFORMED NAME: Osprey Technology Acquisition Corp.
DATE OF NAME CHANGE: 20190619
FORMER COMPANY:
FORMER CONFORMED NAME: Osprey Energy Acquisition Corp. II
DATE OF NAME CHANGE: 20180928
FORMER COMPANY:
FORMER CONFORMED NAME: Osprey Acquisition Corp. II
DATE OF NAME CHANGE: 20180918
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: AWM Investment Company, Inc.
CENTRAL INDEX KEY: 0001535264
ORGANIZATION NAME:
IRS NUMBER: 113086452
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13G
BUSINESS ADDRESS:
STREET 1: 527 MADISON AVENUE
STREET 2: SUITE 2600
CITY: NEW YORK
STATE: NY
ZIP: 10022
BUSINESS PHONE: 212-319-6670
MAIL ADDRESS:
STREET 1: 527 MADISON AVENUE
STREET 2: SUITE 2600
CITY: NEW YORK
STATE: NY
ZIP: 10022
SC 13G
1
blacksky13g093024t.txt
BKSY 13G
THE UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
BlackSky Technology, Inc.
(Name of Issuer)
Common Stock, Par Value $0.0001
(Title of Class of Securities)
09263B207
(CUSIP Number)
September 30, 2024
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule 13G is filed:
[X] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person?s initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be filed for the purpose of Section 18 of the Securities
Exchange Act of 1934 (Act) or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).
CUSIP No. 09263B207
(1) Names of Reporting Persons. I.R.S. Identification Nos. of
Above Persons (entities only):
AWM Investment Company, Inc.
(2) Check the Appropriate Box if a Member of a Group (See
Instructions) (a)___ b)___
(3) SEC Use Only
(4) Citizenship or Place of Organization: Delaware, United States
Number of Shares Beneficially
Owned by Each Reporting Person
With
(5) Sole Voting Power:
2,812,208 Common Shares**
(6) Shared Voting Power: 0**
(7) Sole Dispositive Power:
2,812,208 Common Shares**
(8) Shared Dispositive Power: 0**
(9) Aggregate Amount Beneficially Owned by Each Reporting
Person: 22,812,208 Common Shares**
(10) Check if the Aggregate Amount in Row (9) Excludes Certain Shares
(See Instructions):
(11) Percent of Class Represented by Amount in Row (9): 9.1**
(12) Type of Reporting Person (See Instructions): IA
**AWM Investment Company, Inc., a Delaware Corporation (AWM), is the
investment adviser to Special Situations Cayman Fund, L.P. (CAYMAN),
Special Situations Fund III QP, L.P. (SSFQP), Special Situations
Private Equity Fund, L.P. (SSPE), Special Situations Technology Fund,
L.P. (TECH) and Special Situations Technology Fund II, L.P. (TECH II).
(CAYMAN, SSFQP, TECH and TECH II will hereafter be referred to as the
Funds). As the investment adviser to the Funds, AWM holds sole voting
and investment power over 266,112 Shares of Common Stock of the Issuer
(the Shares)held by CAYMAN, 965,888 Shares of Common Stock held by
SSFQP, 246,400 Shares of Common Stock held by SSPE, 219,463 Shares and
431,063 Warrants*** to purchase 53,883 Shares held by TECH and
1,114,345 Shares of Common Stock and 2,354,608 Warrants*** to purchase
294,326 Shares held by TECH II. See Items 2 and 4 of this Schedule for
additional information.
*** Warrants described herein may only be converted or exercised into
Common Shares to the extent that the total number of Common Shares
then beneficially owned does not exceed 4.99% of the outstanding
shares.
Item 1(a). Name Of Issuer: BlackSky Technology, Inc.
Item 1(b). Address of Issuer?s Principal Executive Offices:
2411 Dulles Corner Park ? Suite 300
Herndon, Virginia 20171
Item 2(a). Name of Person Filing:
The person filing this report is AWM Investment Company, Inc.,
a Delaware corporation (AWM), which is the investment adviser
to Special Situations Cayman Fund, L.P., a Cayman Islands
Limited Partnership (CAYMAN), Special Situations Fund III QP,
L.P., a Delaware limited partnership (SSFQP), Special
Situations Private Equity Fund, L.P. a Delaware Limited
Partnership (SSPE), Special Situations Technology Fund, L.P., a
Delaware limited partnership (TECH) and Special Situations
Technology Fund II, L.P., a Delaware limited partnership (TECH
II), (CAYMAN, SSFQP, SSPE, TECH and TECH II, will hereafter be
referred to as the Funds). The principal business of each Fund
is to invest in equity and equity-related securities and other
securities of any kind or nature.
David M. Greenhouse (Greenhouse) and Adam C. Stettner
(Stettner) are members of: SSCayman, L.L.C., a Delaware limited
liability company (SSCAY), the general partner of CAYMAN;
members of MGP Advisers Limited Partnership, a Delaware limited
partnership (MGP), the general partner of SSFQP, MG Advisers,
L.L.C., a New York limited liability company (MG), the general
partner of SSPE and SST Advisers, L.L.C., a Delaware limited
liability company (SSTA), the general partner of TECH and TECH
II. Greenhouse and Stettner are also controlling principals of
AWM.
Item 2(b). Address of Principal Business Office or, if None,
Residence:
The principal business address for AWM is c/o Special
Situations Funds, 527 Madison Avenue, Suite 2600, New York, NY
10022.
Item 2(c). Citizenship: AWM is a Delaware Corporation.
Item 2(d). Title of Class of Securities: Common Stock, Par
Value $0.0001
Item 2(e). CUSIP No.: 09263B207
Item 3. If This Statement Is Filed Pursuant to ??240.13d-1(b) or
240.13d-2(b) or (c), check whether the Person Filing is a:
Not Applicable.
Item 4. Ownership
(a) Amount Beneficially Owned: 2,812,208 Common Shares**
(b) Percent of Class: 9.1%**
(c) Number of Shares as to which the person has:
(i) sole power to vote or to direct the vote: 2,812,208 Common
Shares**
(ii) shared power to vote or to direct the vote: 0**
(iii) sole power to dispose or to direct the disposition of:
2,812,208 Common Shares**
(iv) shared power to dispose or to direct the disposition
of: 0**
______________________________________________________________________
** AWM is the investment adviser to each of the Funds. As the
investment adviser to the Funds, AWM holds sole voting and investment
power over 266,112 Shares of Common Stock of the Issuer (the
Shares)held by CAYMAN, 965,888 Shares of Common Stock held by SSFQP,
246,400 Shares of Common Stock held by SSPE, 219,463 Shares and
431,063 Warrants*** to purchase 53,883 Shares held by TECH and
1,114,345 Shares of Common Stock and 2,354,608 Warrants*** to purchase
294,326 Shares held by TECH II. Greenhouse and Stettner are members
of: SSCAY, the general partner of CAYMAN; MGP, the general partner of
SSFQP and SSTA, the general partner of TECH and TECH II. Greenhouse
and Stettner are also controlling principals of AWM.
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of
the date hereof the reporting person has ceased to be the beneficial
owner of more than five percent of the class of securities, check the
following. ___
Item 6. Ownership of More Than Five Percent on Behalf of Another
Person
Not Applicable.
Item 7. Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on by the Parent Holding
Company or Control Person
Not Applicable.
Item 8. Identification and Classification of Members of the Group
Not Applicable.
Item 9. Notice of Dissolution of Group
Not Applicable.
Item 10. Certification
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not
held for the purpose of or with the effect of changing or influencing
the control of the issuer of the securities and were not acquired and
are not held in connection with or as a participant in any transaction
having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is
true, complete and correct.
Dated: November 14, 2024
AWM INVESTMENT COMPANY, INC.
By: /s/ Adam Stettner
Name: Adam Stettner
Title: Executive Vice President
Attention: Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001)
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