NavSight Holdings Inc. (“NavSight”) (NYSE: NSH) stockholders have 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.
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.
Spire is a 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.
According to Spire, the firm 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.
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.