Tag: March

Why Osprey Technology Acquisition Stock Fell 11.6% in March

What happened

Shares of Osprey Technology Acquisition (NYSE:SFTW) dipped 11.6% in March, according to data from S&P Global Market Intelligence. Valuations for many special purpose acquisition companies (SPACs) fell as the market moved out of growth-dependent tech stocks last month, and Osprey was hit by the pullback. 

SFTW Chart

SFTW data by YCharts

Osprey announced in February that it would be combining with satellite and data analytics specialist BlackSky Holdings and taking the company public through the merger. The SPAC’s share price posted explosive gains after the announcement, but the stock quickly lost ground following the post-news pop, and sell-offs continued in

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