NavSight Shareholders OK Spire Merger

Shareholders in NavSight Holdings (NYSE: NSH) voted at a special meeting Friday to approve the company’s proposed combination with space data provider Spire Global.

NavSight plans to report the full voting results in its Form 8-K filing with the Securities and Exchange Commission, the companies said in a joint statement Friday.

The merger, approved by the two companies’ board of directors earlier this year, is part of Spire’s growth strategy as it aims to pioneer a “space-as-a-service” delivery model.

San Francisco-based Spire expects to raise $265 million via the transaction, which includes private investment in public equity of $245 million.

Both parties aim to close the deal on August 16.

Video of the Day

GovCon Wire Logo

Sign Up Now! GovCon Wire provides you with Daily Updates and News Briefings about M&A Activity

Related Articles