CEO and Co-Founder Peter Platzer, along with the rest of the Spire management team will continue to lead the companyвЂ™s operations. вЂњBuilding upon our fully deployed, proprietary satellite constellation and global infrastructure, we are focused on strengthening our ability to provide our customers with more data, faster, so that they can make better informed decisions about their missions and businesses, as well as some of the most pressing issues facing humanity today, including climate change mitigation and adaptation.вЂќДЄs a public company, SpireвЂ™s position as a leading space-powered data, analytics, and space services company, with one of the worldвЂ™s largest constellation of multi-purpose satellites in low earth orbit (LEO), is further strengthened.

вЂњWe are excited to embark on our next chapter as a public company, and to continue to inspire, lead, and develop the business of space-based data,вЂќ said CEO Peter Platzer. NavSightвЂ™s shareholders approved the transaction at a shareholder meeting on August 13, 2021. Upon closing, the combined company received approximately $265 million in gross proceeds, comprised of approximately $20 million in cash held in trust by NavSight and the proceeds of a $245 million PIPE. The combined company has been renamed вЂњSpire Global, Inc.вЂќ and its shares will commence trading on the New York Stock Exchange on August 17, 2021, under the ticker symbol вЂњSPIRвЂќ for Spire common stock and вЂњSPIRWвЂќ for Spire warrants. (NYSE: NSH) (вЂњNavSightвЂќ) to take Spire public. (вЂњSpireвЂќ or the вЂњCompanyвЂќ) a leading global provider of space-based data, analytics and space services, today announced it has completed its previously announced business combination with NavSight Holdings, Inc. Gross Proceeds to Spire totaled $265 million, combining funds held in NavSight HoldingsвЂ™ Trust and concurrent PIPE financing SpireвЂ™s Common Stock to Commence Trading on NYSE Under the Ticker вЂњSPIRвЂќД¬ombined Company to Continue Providing Space-Based Data Solutions and Space Services to Global Customers

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