NEW YORK, May 16, 2022 (GLOBE NEWSWIRE) — Kehoe Law Firm, P.C. is investigating whether certain executive officers or directors of Osprey Technology Acquisition Corp. (“Osprey”), now known as BlackSky Technology Inc. (“BlackSky”) (NYSE: BKSY), breached their fiduciary duties of disclosure, candor, and requirements to act in good faith, and whether Osprey’s shareholders suffered damages as a result.
INVESTORS OF BLACKSKY STOCK WHO PREVIOUSLY HELD OSPREY SECURITIES ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR STOCK HOLDINGS.
On September 8, 2021, Osprey shareholders of record, as of July 16, 2021, approved a merger between Osprey and BlackSky. After the merger, BlackSky announced that it missed the forecast in the merger proxy for full-year net profit by roughly $200 million. The stock price has declined by over 85% since the merger.
BLACKSKY SHAREHOLDERS WHO HELD OSPREY TECHNOLOGY ACQUISITION STOCK ARE ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, MYARNOFF@KEHOELAWFIRM.COM, INFO@KEHOELAWFIRM.COM, TO DISCUSS THE BREACH OF FIDUCIARY DUTIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
Kehoe Law Firm, P.C., with offices in New York and Philadelphia, is a multidisciplinary, plaintiff–side law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.
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