Deal Details
Spire Merges with SPAC Navsight
Summary
Spire Global Subsidiary, Inc. (“Spire” or the “Company”) announced that it has closed its previously announced merger with special purpose acquisition company NavSight Holdings, Inc. (“NavSight”) (NYSE: NSH). Through the business combination, Spire common stock and warrants began trading on the New York Stock Exchange (NYSE: SPIR and SPIRW).
Baird served as Capital Markets Advisor to Spire Global Subsidiary, Inc. on this transaction.
About
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. The Company 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. The Company 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 is headquartered in Vienna, Virginia. NavSight was a 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. Bob Coleman, Chairman and CEO, was previously the President and CEO at Six3 Systems. Prior to Six3, Bob served as the President and COO at ManTech International. Jack Pearlstein, Executive Vice President and CFO, was formerly the CFO of Cision and Six3 Systems. NavSight is headquartered in Reston, Virginia.CONTACT US TO LEARN MORE
- Date
- September 2021
- Company
- Spire Global Subsidiary, Inc.
- Transaction
- M&A - Sellside
- Sectors
-
Technology & Services
Industrial - Verticals
-
Defense & Government
Aerospace & Defense
Marketing, Data & Analytics
- Target Geography
- North America
- Acquiror Geography
- North America
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