| Schedule of Related Party Transactions |
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Amount Due to Related Party as of |
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Description of the Transactions |
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| Seahawk |
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Debt Issuer |
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In 2019, the Company raised and converted $18.4 million from the Seahawk LSA into the Intelsat Facility as outstanding debt and issued 13.5 million warrants to purchase common stock. |
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$ |
19,198 |
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$ |
19,198 |
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| Intelsat |
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Debt Issuer |
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In 2019, the Company entered into a term loan facility with Intelsat Facility for $50.0 million and issued 20.2 million warrants to purchase common stock. |
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$ |
52,039 |
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$ |
52,039 |
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| Jason and Marian Joh Andrews |
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The Former
Co-founders and
employees of
BlackSky |
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In 2018, the Company executed the Andrews’s Notes worth $12.5 million in total to repurchase an aggregate 11.5 million of common stock shares. |
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$ |
11,750 |
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$ |
12,500 |
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| Mithril II, LP |
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Debt Issuer and Equity Holder |
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In February 2021, the Company issued notes payable to Mithril II, LP totaling $15.0 million in principal and issued seven shares of common stock per dollar of principal. Milthril also received warrants providing for the right to acquire a number of shares of common stock equal to 3.5 % of the Company’s fully diluted capitalization upon exercise. |
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$ |
15,000 |
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$ |
— |
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Amount Due to Related Party as of |
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Description of the Transactions |
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| VCVC |
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Debt Issuer and Equity Holder |
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In February 2021, the Company issued a note payable to VCVC IV, LLC for $5.0 million principal and issued seven shares of common stock per dollar or principal. VCVC also received warrants providing for the right to acquire a number of shares of common stock equal to 0.7% of the Company’s fully diluted capitalization upon exercise. |
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$ |
5,000 |
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$ |
— |
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Amount Due to Related Party |
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Total payments
in Six Months |
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Description of the Transactions |
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| Leostella |
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Joint Venture |
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In 2018, the Company formed LeoStella and, pursuant to the terms and conditions of the joint venture agreement, the Company has two designated members of LeoStella’s Board of Directors. As described in Note 6, the Company and LeoStella executed an SPC to design, develop and manufacture multiple satellites for the Company’s geospatial business operations. |
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$ |
11,226 |
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$ |
6,205 |
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$ |
584 |
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$ |
8,012 |
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X-Bow |
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Equity Method Investee |
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In 2017, the Company entered into a Stock Subscription and Technology Transfer Agreement with X-Bow. As of March 31, 2021, the Company has a 20.6% interest in X-Bow and has one Board seat. As described in Note 6, the Company has engaged X-Bow to develop a rocket for the Company. |
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$ |
1,865 |
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$ |
1,829 |
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$ |
— |
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$ |
750 |
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Description of the Transactions |
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Balance of Principal
of December 31, |
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Debt Issuer |
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In 2019, the Company raised and converted $18.4 million from the Seahawk LSA into the Intelsat Facility as outstanding debt and issued 13.5 million warrants to purchase common stock. |
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$ |
19,198 |
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$ |
18,446 |
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Debt Issuer |
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In 2019, the Company entered into a term loan facility with Intelsat Facility for $50.0 million and issued 20.2 million warrants to purchase common stock. |
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$ |
52,039 |
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$ |
50,000 |
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Jason and Marian Joh Andrews |
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The Former
Co-founders
and
employees
of BlackSky |
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In 2018, the Company executed the Andrew’s Notes worth $12.5 million in total to repurchase an aggregate 11.5 million of common stock shares. |
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Description of the Transactions |
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Total Payments in
December 31, |
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Amount Due to Related
Party as of December 31, |
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Joint
Venture |
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In 2018, the Company formed LeoStella and, pursuant to the terms and conditions of the joint venture agreement, the Company has two designated members of LeoStella’s Board of Directors. As described in Note 6, the Company and LeoStella executed an SPC to design, develop and manufacture multiple satellites for the Company’s geospatial business operations. |
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$ |
8,205 |
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$ |
23,315 |
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$ |
8,012 |
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$ |
11,460 |
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Equity
Method
Investee |
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In 2017, the Company entered into a Stock Subscription and Technology Transfer Agreement with X-Bow. As of
December 31, 2020, the Company has a 20.6% interest in X-Bow and has one Board seat. As described in Note 6, the Company has engaged X-Bow to develop a rocket for the Company. |
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$ |
4,079 |
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$ |
114 |
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$ |
750 |
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$ |
— |
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