Hello, Guest!
  • Sunday, December 22, 2024

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

Related Articles

7 Companies Win Spots on $476M NASA Commercial Smallsat Data Contract Contract Awards

7 Companies Win Spots on $476M NASA Commercial Smallsat Data Contract

Seven companies have landed positions on a potential $476 million contract to provide NASA with Earth observation data from commercial small satellites. The multiple-award, indefinite-delivery/indefinite-quantity contract covers the provision of commercial smallsat data products and related services to support the space agency’s Earth science research and application activities, NASA said Monday. The awardees are:  Airbus’

Spire Global Hires Former Equifax Exec Leo Basola as CFO Executive Moves

Spire Global Hires Former Equifax Exec Leo Basola as CFO

Leo Basola, former senior vice president of international finance at Equifax (NYSE: EFX), has been named chief financial officer of Spire Global (NYSE: SPIR). He succeeds Thomas Krywe, who left the CFO post after five years, and will lead Spire’s strategy to achieve its goal of having positive free cash flow by mid-2024, the space data

Spire Deploys Nanosatellite Pair With Optical Communication Payloads News

Spire Deploys Nanosatellite Pair With Optical Communication Payloads

Spire Global (NYSE: SPIR) has deployed and established contact with two nanosatellites that employ optical inter-satellite links to establish secure communications with each other and reduce network latency. The 6U satellites launched into orbit aboard SpaceX’s Falcon 9 rocket as part of the Transporter-8 rideshare mission in support of the European Space Agency’s Advanced Research