Quarterly report pursuant to Section 13 or 15(d)

Debt and Other Financing (Tables)

v3.22.1
Debt and Other Financing (Tables)
3 Months Ended
Mar. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Debt
The carrying value of the Company’s outstanding debt consisted of the following amounts:
March 31, December 31,
2022 2021
(in thousands)
Current portion of long-term debt $ —  $ — 
Non-current portion of long-term debt 74,126  74,126 
Total long-term debt 74,126  74,126 
Unamortized debt issuance cost (2,217) (2,718)
Outstanding balance $ 71,909  $ 71,408 
Schedule of Debt Conversions
The following table summarizes the additional shares of Legacy BlackSky class A common stock and warrants to purchase Legacy BlackSky class A common stock issued as a result of the Bridge Notes.
Legacy BlackSky Class A Common Stock(1)
Legacy BlackSky Class A Common Stock Warrants(1)
(in thousands)
Issued to SVB guarantors 8,485  — 
Issued in connection with the initial tranche of Bridge Notes 11,544  3,873 
Issued as incentive shares and as incentive warrants, in connection with the Rights Offering 314  51 
Total 20,343  3,924 
1.Issuance of class A common stock and class A common stock warrants has been retroactively restated to give effect to the reverse recapitalization.