VC Fund Converts $72.7M in Preferred Stock to Common Shares Post-IPO
HAWK is trading near its 52-week low of $32.01 (7.5% above the low).
Summary
NightDragon Growth II, L.P. converted $72.7 million worth of preferred stock into common shares of HawkEye 360, Inc. following the company's recent IPO.
Key Events · Ownership and Investor Activity · HAWK
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Significant Conversion by VC Fund
NightDragon Growth II, L.P. converted 2,114,806 shares of preferred stock into common stock, valued at $72.7 million, following the company's IPO on May 7, 2026.
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Post-IPO Normalization
This conversion is a routine step for pre-IPO investors, transforming illiquid preferred shares into publicly tradable common stock, which can impact the public float.
Analysis · HAWK · Technology
NightDragon Growth II, L.P., a pre-IPO venture capital investor, converted its preferred stock holdings into common shares following HawkEye 360's recent initial public offering. This is a standard process for pre-IPO investors to convert illiquid preferred shares into publicly tradable common stock, making a significant block of shares available for potential future liquidity events.
At the time of this filing, HAWK was trading at $34.40 on NYSE in the Technology sector, with a market capitalization of approximately $3.2B. The 52-week trading range was $32.01 to $35.73. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.