unwinds.

$BKSY drops 20%. Surprise $185M convertible notes hit tape. Retail unwinds. Rally clipped but contracts intact.

July 18, 2025 1:50 pm

BlackSky Technology got hit. On July 18, 2025, $BKSY dropped 20.79% after announcing a convertible debt offering worth up to 185 million dollars. The notes carry an 8.25% interest rate and only convert if the stock reaches 37 dollars. That’s … Read more

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