BlackSky Technology (NYSE: BKSY) is down 17.56% in pre-market trading, slipping to $21.41 from a previous close of $28.29. After-hours trading on Thursday, July 17, 2025, saw a sharp decline in the stock’s value.
The company announced a private offering of $125 million in Convertible Senior Notes due 2033 to qualified institutional buyers under Rule 144A. Proceeds will partly go toward repaying and terminating existing secured term loans and revolving credit facilities, with the remainder designated for general corporate purposes.
The stock opened the day at $26.45 and traded within a range before closing at $28.29, with a trading volume of 3.01 million shares.
