BlackSky Technology Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Restatement Of Previously Issued Financial Statements (Tables)

Restatement Of Previously Issued Financial Statements (Tables)

12 Months Ended

Dec. 31, 2020

Osprey Technology Acquisition Corp [Member]

Summary of Restatement of Financial Statement

The Company’s accounting for the warrants as components of equity instead of as derivative liabilities did not have any effect on the Company’s previously reported operating expenses or cash.


	As Previously Reported			Adjustments			As Restated
Balance sheet as of November 5, 2019 (audited)
Total Liabilities	$	9,625,000		$	13,037,500		$	22,662,500
Warrant Liabilities		—			13,037,500			13,037,500
Class A Common Stock Subject to Possible Redemption		261,728,500			(13,037,500	)		248,691,000
Class A Common Stock		133			130			263
Additional Paid-in Capital		5,016,450			491,371			5,507,821
Accumulated Deficit		(17,365	)		(491,501	)		(508,866	)
Total Stockholders’ Equity		5,000,009			—			5,000,009

Number of Class A Common Stock subject to redemption		26,172,850			(1,303,750	)		24,869,100


	As Previously Reported			Adjustments			As Restated

Balance sheet as of December 31, 2019 (audited)
Total Liabilities	$	11,345,118		$	21,807,000		$	33,152,118
Warrant Liabilities		—			21,807,000			21,807,000
Class A Common Stock Subject to Possible Redemption		301,900,836			(21,807,000	)		280,093,836
Class A Common Stock		148			217			365
Additional Paid-in Capital		4,650,349			7,560,356			12,210,705
(Accumulated Deficit) Retained Earnings		348,716			(7,560,573	)		(7,211,857	)
Total Stockholders’ Equity		5,000,004			—			5,000,004

Number of Class A Common Stock subject to redemption		30,142,702			(2,177,278	)		27,965,424

Balance sheet as of March 31, 2020 (unaudited)
Total Liabilities	$	11,569,881		$	16,413,500		$	27,983,381
Warrant Liabilities		—			16,413,500			16,413,500
Class A Common Stock Subject to Possible Redemption		302,949,785			(16,413,500	)		286,536,285
Class A Common Stock		150			163			313
Additional Paid-in Capital		3,601,398			2,166,910			5,768,308
(Accumulated Deficit) Retained Earnings		1,397,670			(2,167,073	)		(769,403	)
Total Stockholders’ Equity		5,000,009			—			5,000,009

Number of Class A Common Stock subject to redemption		30,120,192			(1,631,880	)		28,488,312

Balance sheet as of June 30, 2020 (unaudited)
Total Liabilities	$	11,436,321		$	25,427,625		$	36,863,946
Warrant Liabilities		—			25,427,625			25,427,625
Class A Common Stock Subject to Possible Redemption		302,835,347			(25,427,625	)		277,407,722
Class A Common Stock		150			253			403
Additional Paid-in Capital		3,715,836			11,180,945			14,896,781
(Accumulated Deficit) Retained Earnings		1,283,227			(11,181,198	)		(9,897,971	)
Total Stockholders’ Equity		5,000,004			—			5,000,004

Number of Class A Common Stock subject to redemption		30,119,559			(2,528,994	)		27,590,565

Balance sheet as of September 30, 2020 (unaudited)
Total Liabilities	$	12,941,784		$	34,042,250		$	46,984,034
Warrant Liabilities		—			34,042,250			34,042,250
Class A Common Stock Subject to Possible Redemption		300,966,968			(34,042,250	)		266,924,718
Class A Common Stock		171			338			509
Additional Paid-in Capital		5,584,194			19,795,485			25,379,679
Accumulated Deficit		(585,146	)		(19,795,823	)		(20,380,969	)
Total Stockholders’ Equity		5,000,010			—			5,000,010

Number of Class A Common Stock subject to redemption		29,908,965			(3,382,991	)		26,525,974

Balance sheet as of December 31, 2020 (audited)
Total Liabilities	$	13,226,713		$	35,731,875		$	48,958,588
Warrant Liabilities		—			35,731,875			35,731,875
Class A Common Stock Subject to Possible Redemption		300,560,310			(35,731,875	)		264,828,435
Class A Common Stock		175			355			530
Additional Paid-in Capital		5,990,848			21,485,093			27,475,941
Accumulated Deficit		(991,805	)		(21,485,448	)		(22,477,253	)
Total Stockholders’ Equity		5,000,009			—			5,000,009

Number of Class A Common Stock subject to redemption		29,866,487			(3,550,654	)		26,315,833


	As Previously Reported			Adjustments			As Restated
Statement of Operations for Year ended December 31, 2019 (audited)
Net income (loss)	$	350,893		$	(7,560,573	)	$	(7,209,680	)
Transaction Costs		—			(560,698	)		(560,698	)
Change in fair value of warrant liabilities		—			(6,999,875	)		(6,999,875	)
Weighted average shares outstanding of Class A redeemable common stock		29,584,814			(1,455,432	)		28,129,383
Basic and diluted net income per share, Class A redeemable common stock		0.02			—			0.02
Weighted average shares outstanding of Class A and Class B non-redeemable common stock		7,591,097			223,299			7,814,396
Basic and diluted net loss per share, Class A and Class B non-redeemable common stock		(0.02	)		(0.96	)		(0.98	)

Statement of Operations for Three months ended March 31, 2020 (unaudited)
Net loss	$	1,048,954		$	5,393,500		$	6,442,454
Change in fair value of warrant liabilities		—			5,393,500			5,393,500
Weighted average shares outstanding of Class A redeemable common stock		30,120,192			(2,177,278	)		27,965,424
Basic and diluted net income per share, Class A redeemable common stock		0.00			—			0.00
Weighted average shares outstanding of Class A and Class B non-redeemable common stock		9,388,548			2,177,278			11,565,826
Basic and diluted net income (loss) per share, Class A and Class B non-redeemable common stock		(0.02	)		0.48			0.46

Statement of Operations for Three months ended June 30, 2020 (unaudited)
Net loss	$	(114,443	)	$	(9,014,125	)	$	(9,128,568	)
Change in fair value of warrant liabilities		—			(9,014,125	)		(9,014,125	)

Weighted average shares outstanding of Class A redeemable common stock		30,119,559			(1,631,880	)		28,488,312
Basic and diluted net income per share, Class A redeemable common stock		0.00			—			0.00
Weighted average shares outstanding of Class A and Class B non-redeemable common stock		9,411,058			1,631,880			11,042,938
Basic and diluted net loss per share, Class A and Class B non-redeemable common stock		(0.02	)		(0.81	)		(0.83	)

Statement of Operations for Six months ended June 30, 2020 (unaudited)
Net loss	$	934,511		$	(3,620,625	)	$	(2,686,114	)
Change in fair value of warrant liabilities		—			(3,620,625	)		(3,620,625	)
Weighted average shares outstanding of Class A redeemable common stock		30,131,447			(1,904,579	)		28,226,868
Basic and diluted net income per share, Class A redeemable common stock		0.00			—			0.00
Weighted average shares outstanding of Class A and Class B non-redeemable common stock		9,399,803			1,904,579			11,304,382
Basic and diluted net loss per share, Class A and Class B non-redeemable common stock		(0.03	)		(0.31	)		(0.34	)

Statement of Operations for Three months ended September 30, 2020 (unaudited)
Net loss	$	(1,868,373	)	$	(8,614,625	)	$	(10,482,998	)
Change in fair value of warrant liabilities		—			(8,614,625	)		(8,614,625	)
Weighted average shares outstanding of Class A redeemable common stock		29,908,965			(2,528,994	)		27,590,565


	As Previously Reported			Adjustments			As Restated
Basic and diluted net income per share, Class A redeemable common stock		0.00			—			0.00
Weighted average shares outstanding of Class A and Class B non-redeemable common stock		9,411,691			2,528,994			11,940,685
Basic and diluted net loss per share, Class A and Class B non-redeemable common stock		(0.21	)		(0.67	)		(0.88	)

Statement of Operations for Nine months ended September 30, 2020 (unaudited)
Net loss	$	(933,862	)	$	(12,235,250	)	$	(13,169,112	)
Change in fair value of warrant liabilities		—			(12,235,250	)		(12,235,250	)
Weighted average shares outstanding of Class A redeemable common stock		30,127,455			(2,114,237	)		28,013,219
Basic and diluted net income per share, Class A redeemable common stock		0.00			—			0.00
Weighted average shares outstanding of Class A and Class B non-redeemable common stock		9,403,795			2,114,237			11,518,031
Basic and diluted net loss per share, Class A and Class B non-redeemable common stock		(0.25	)		(1.00	)		(1.25	)

Statement of Operations for Year ended December 31, 2020 (audited)
Net loss	$	(1,340,521	)	$	(13,924,875	)	$	(15,265,396	)
Change in fair value of warrant liabilities		—			(13,924,875	)		(13,924,875	)
Weighted average shares outstanding of Class A redeemable common stock		22,578,037			5,061,339			27,639,376
Basic and diluted net income per share, Class A redeemable common stock		0.06			(0.01	)		0.05
Weighted average shares outstanding of Class A and Class B non-redeemable common stock		9,458,716			2,433,158			11,891,874
Basic and diluted net loss per share, Class A and Class B non-redeemable common stock		(0.29	)		(1.10	)		(1.39	)

Statements of Cash Flows for Year ended December 31, 2019 (audited)
Net loss	$	350,893		$	(7,560,573	)	$	(7,209,680	)
Transaction costs allocable to warrant liabilities		—			560,698			560,698
Change in fair value of warrant liabilities		—			6,999,875			6,999,875

Statements of Cash Flows for Period ended March 31, 2020 (audited)
Net loss	$	1,048,954		$	5,393,500		$	6,442,454
Change in fair value of warrant liabilities		—			(5,393,500	)		(5,393,500	)

Statements of Cash Flows for six months ended June 30, 2020 (audited)
Net loss	$	934,511		$	(3,620,625	)	$	(2,686,114	)
Change in fair value of warrant liabilities		—			3,620,625			3,620,625
Statements of Cash Flows for nine months ended September 30, 2020 (audited)
Net loss	$	(933,862	)	$	(12,235,250	)	$	(13,169,112	)
Change in fair value of warrant liabilities		—			12,235,250			12,235,250
Statements of Cash Flows for Year ended December 31, 2020 (audited)
Net loss	$	(1,340,521	)	$	(13,924,875	)	$	(15,265,396	)
Change in fair value of warrant liabilities		—			13,924,875			13,924,875