BlackSky Stock Drops After Hours: What Happened?

BlackSky Technology, Inc. BKSY shares are dropping in Thursday's extended trading after the company announced plans to offer $125 million principal amount of convertible senior notes due 2033. The Details: BlackSky also intends to grant the initial purchasers of the notes an option to purchase up to an additional $18.75 million principal amount of the notes.Read Next: Rare Earth Royalty: Meet The Power Players Shaping The IndustryThe company said it intends to use approximately $103.1 million of proceeds fr ...