Proposed Settlement for Osprey Technology Corp. Shareholders Announced in Delaware Court Case

Overview of the Class Action Settlement

On March 5, 2026, legal representatives from Grant & Eisenhofer P.A. and Monteverde & Associates PC issued a press release about a pivotal development concerning Osprey Technology Corp. This announcement comes in the wake of the stockholder class action litigation titled BlackSky Technology Inc. Stockholders Litigation, currently underway in the Court of Chancery in Delaware.

Key Details of the Proposed Settlement

The court has preliminarily certified the action as a class action and is calling for a settlement hearing on April 17, 2026. The settlement, valued at $7.5 million, marks a significant financial resolution for all record and beneficial holders of Osprey Technology's Class A common stock who held such stock as of the close of trading on September 6, 2021. The settlement will address all claims specified in the litigation and aims to bring closure to affected shareholders.

Class Definition

The class comprises those who retained their Osprey Class A common stock by the redemption deadline and did not redeem their shares. It’s worth noting that certain individuals, referred to as 'excluded persons,' are not encompassed by this class. The class action is structured as a non-opt-out class, meaning all members are automatically included in the settlement unless they formally object.

The Settlement Hearing

During the upcoming settlement hearing, the court will evaluate numerous considerations, including:
1. Final Certification of the Class - Determining whether the class should be officially certified for settlement purposes.
2. Representation of Plaintiffs - Ensuring that the plaintiffs have adequately represented the interests of the class members.
3. Fairness of the Settlement - Assessing whether the proposed settlement is fair, reasonable, and in the best interest of the class.
4. Disbursement of Settlement Funds - Reviewing the proposed plan of allocation for distributing the net settlement fund to eligible claimants.

The hearing will be held at the Court of Chancery of the State of Delaware or accessible via phone or videoconference, allowing flexibility for participation.

How to Get Involved

Shareholders wishing to engage in the process should take note of the deadlines regarding objections and requests for notices. Any concerns or requests for the consolidation can be directed to the Settlement Administrator or plaintiffs' counsels at their respective contacts provided in the notice. It is vital for class members to stay informed, as the outcome of this settlement could facilitate financial redress for affected shareholders.

Conclusion

The unfolding litigation and settlement proposal for Osprey Technology Corp. shareholders present an essential opportunity for transparency and restitution in the wake of potential grievances. The upcoming hearing is a crucial step in finalizing the terms of the settlement and addressing the compensation for shareholders. As the date approaches, participating shareholders are encouraged to stay engaged with updates posted on the settlement website for any procedural changes or new information.

For more details, visit Osprey Stockholder Settlement or contact the Settlement Administrator for direct inquiries.

Ensure that your voice is heard within this significant class action settlement that may yield financial recovery for many stakeholders in Osprey Technology Corp.