NavSight Holdings Inc. Shareholders Approve Business Combination with Spire Global
13 August 2021 - 10:15PM
Business Wire
NavSight Holdings Inc. (“NavSight”) (NYSE: NSH) today announced
that its stockholders approved all proposals related to the
previously announced merger, (the “Business Combination”) with
Spire Global, Inc. (“Spire Global”, “Spire”, or “the Company”), a
leading global provider of space-based data, analytics and space
services, at a special meeting of stockholders held today. A Form
8-K disclosing the full voting results is expected to be filed with
the Securities and Exchange Commission.
The closing of the Business Combination is anticipated to occur
on August 16, 2021. Following closing, the combined company will be
known as Spire Global, Inc. and is expected to trade on the New
York Stock Exchange under the new ticker symbol “SPIR.”
The previously announced Business Combination is expected to
provide approximately $265 million in cash proceeds to Spire
through the merger, inclusive of a $245 million PIPE.
About Spire Global, Inc.
Spire is a leading global provider of space-based data,
analytics, and space services, offering access to unique datasets
and powerful insights about Earth from the ultimate vantage point
so that organizations can make decisions with confidence, accuracy,
and speed. Spire uses one of the world’s largest multi-purpose
satellite constellations to source hard to acquire, valuable data
and enriches it with predictive solutions. Spire then provides this
data as a subscription to organizations around the world so they
can improve business operations, decrease their environmental
footprint, deploy resources for growth and competitive advantage,
and mitigate risk. Spire gives commercial and government
organizations the competitive advantage they seek to innovate and
solve some of the world’s toughest problems with insights from
space. Spire has offices in San Francisco, Boulder, Washington DC,
Glasgow, Luxembourg, and Singapore. To learn more, visit
http://www.spire.com.
About NavSight Holdings, Inc.
NavSight (NYSE: NSH) is a newly organized blank check company
formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses.
Additional Information and Where to Find It
This press release relates to the Business Combination involving
NavSight and Spire. In connection with the proposed Business
Combination (the “Proposed Transaction”), NavSight has filed a
registration statement on Form S-4 (File No. 333-256112) (the
“Registration Statement”), which includes a proxy statement which
has been distributed to holders of NavSight’s common stock in
connection with NavSight’s solicitation of proxies for the vote by
NavSight’s stockholders with respect to the Proposed Transaction
and other matters as described in the Registration Statement, a
prospectus relating to the offer of the securities to be issued to
Spire’s stockholders in connection with the Proposed Transaction,
and an information statement to Spire’s stockholders regarding the
Proposed Transaction. Investors and security holders may obtain
free copies of the proxy statement/prospectus/information statement
and other documents filed with the SEC by NavSight through the
website maintained by the SEC at http://www.sec.gov, or by directing a request to:
NavSight Holdings, Inc., 12020 Sunrise Valley Drive, Suite 100,
Reston, VA 20191.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995 including with respect to
the Business Combination. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this communication. Such factors can
be found in NavSight’s most recent filings with the SEC, which are
available, free of charge, at the SEC’s website at http://www.sec.gov, and also in the Registration
Statement on Form S-4 and NavSight’s definitive proxy
statement/prospectus relating to the Business Combination.
This press release is not intended to be all-inclusive or to
contain all the information that a person may desire in considering
an investment in NavSight and is not intended to form the basis of
an investment decision in NavSight. New risks and uncertainties
arise from time to time, and it is impossible for us to predict
these events or how they may affect us or the Business Combination
with Spire. You are cautioned not to place undue reliance upon any
forward-looking statements, which speak only as of the date made,
and NavSight and Spire undertake no obligation to update or revise
the forward-looking statements, whether as a result of new
information, changes in expectations, future events or
otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210813005388/en/
For Spire Global, Inc.: Hillary Yaffe hillary.yaffe@spire.com
For NavSight Holdings, Inc.: Jack Pearlstein jack@navsight.com
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