NavSight Holdings filed an S-4 registration with the SEC on its proposed merger with Spire Global, a space-based data and analytics company.
The deal values the combined enterprise at $1.6 billion.
The transaction is expected to provide approximately $475 million in gross proceeds, assuming no redemptions, and includes an upsized, and fully committed $245 million common stock PIPE, anchored by Tiger Global Management, funds and accounts managed by BlackRock, Hedosophia, JAWS – the family office of Barry Sternlicht, and Bloom Tree Partners.
Spire stockholders, NavSight stockholders, and PIPE investors will hold shares in the combined company to be listed on the NYSE under SPIR.
Closing is expected during the summer, pending sharehodler approval. A vote date was not included in the prelimnary proxy. Read more.
