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.
The U.S. Navy has awarded 29 companies spots on a potential $400 million IDIQ for exercise design and engineering support.
Under the R21-C deal, General Dynamics Mission Systems will also address IT infrastructure sustainment and equipment modernization.
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Jules Hurst III succeeds Michael McCord, who served as comptroller and CFO from 2021 to January 2025.
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