Spire Re-hires Director for Business
Expansion
Spire Global, Inc. (“Spire” or the “Company”) a leading global
provider of space-based data and analytics that recently announced
a planned business combination with NavSight Holdings, Inc. (NYSE:
NSH) (“NavSight”), announced today that Mark Dembitz, the former
APAC Head of Sales and Operations at Dathena, has re-joined Spire
as the APAC Sales Director of Maritime Solutions.
“We are excited to welcome Mark Dembitz back to the Spire team.
Mark was integral in the development of sales processes for the
maritime products and we will use his expertise as we seek to
expand our products into new markets,” said Simon van den Dries,
General Manager, Spire Maritime.
Mr. Dembitz worked at Spire from August 2015 to October 2018 as
a Business Development executive. During that time, Mr. Dembitz
partnered with executives, product, pre-sales, marketing, and
customer support teams to develop and implement new products and
commercial models leading to enhanced product adoption, better
customer experience, and faster revenue growth. Mr. Dembitz was
Spire’s highest revenue producer in 2017, having built a
multimillion-dollar potential deal pipeline across both the
government and the private sector in Asia-Pacific during his time
at Spire. Before rejoining Spire, Mr. Dembitz was Head of Sales
& Operations - APAC at Dathena, a deep-tech company using AI to
develop next-generation data protection and data security
tools.
“When I joined Spire almost 5 years ago, the product roadmap was
in its infancy - now I believe Spire Maritime is at a critical
point where it has the resources and expertise to bring solutions
to new markets,” said Mark Dembitz, APAC Sales Director, Spire
Maritime. “I’m motivated to re-join the Spire Maritime team and
build on my experience bringing data solutions to the APAC
region.”
Under Mr Dembitz’s leadership, Spire Maritime will seek to
expand in the Asia Pacific region. With solutions such as Spire
Analytics and Dynamic AIS, Spire Maritime aims to bring marine data
solutions on vessel locations, weather conditions, and global
shipping activity to new markets.
Spire expects to close its previously announced anticipated
business combination with NavSight in the summer of 2021.
For more information about Spire’s maritime solutions, please
visit www.spire.com/maritime.
About Spire Global, Inc. Spire is a global provider of
space-based data and analytics that offers unique datasets and
powerful insights about Earth from the ultimate vantage point so
organizations can make decisions with confidence, accuracy, and
speed. Spire 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. Spire 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 has offices in San Francisco, CA, Boulder, CO,
Washington DC, Glasgow, Luxembourg, and Singapore. On March 1, 2021
Spire announced plans to go public through an anticipated business
combination with NavSight Holdings, Inc. (NYSE: NSH), to be traded
on the NYSE under the ticker symbol “SPIR.” To learn more, visit
spire.com.
About NavSight Holdings, Inc. NavSight Holdings, Inc. is
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. NavSight was organized with the opportunity to pursue a
business combination target in any business or industry, with the
intent to focus its search on identifying a prospective target
business that provides expertise and technology to U.S. government
customers in support of their national security, intelligence and
defense missions.
Additional Information and Where to Find It In connection
with the planned business combination with Spire (the “Proposed
Transaction”), NavSight intends to file a Form S-4 Registration
Statement (the “Registration Statement”) with the SEC, which will
include a preliminary proxy statement to be distributed to holders
of NavSight’s common stock in connection with NavSight’s
solicitation of proxies for the vote by NavSight’s stockholders
with respect to the Proposed Transaction and other matters as
described in the Registration Statement, a prospectus relating to
the offer of the securities to be issued to the Company’s
stockholders in connection with the Proposed Transaction, and an
information statement to Company’s stockholders regarding the
Proposed Transaction. After the Registration Statement has been
filed and declared effective, NavSight will mail a definitive proxy
statement/prospectus, when available, to its stockholders.
Investors and security holders and other interested parties are
urged to read the proxy statement/prospectus, any amendments
thereto and any other documents filed with the SEC carefully and in
their entirety when they become available because they will contain
important information about NavSight, the Company and the Proposed
Transaction. Investors and security holders may obtain free copies
of the preliminary proxy statement/prospectus and definitive proxy
statement/prospectus (when available) and other documents filed
with the SEC by NavSight through the website maintained by the SEC
at http://www.sec.gov, or by directing a request to: NavSight
Holdings, Inc., 12020 Sunrise Valley Drive, Suite 100, Reston, VA
20191.
Participants in Solicitation NavSight and the Company and
their respective directors and certain of their respective
executive officers and other members of management and employees
may be considered participants in the solicitation of proxies with
respect to the Proposed Transaction. Information about the
directors and executive officers of NavSight is set forth in its
Form 10-K filed on March 29, 2021. Additional information regarding
the participants in the proxy solicitation and a description of
their direct and indirect interests, by security holdings or
otherwise, will be included in the Registration Statement and other
relevant materials to be filed with the SEC regarding the Proposed
Transaction when they become available. Stockholders, potential
investors and other interested persons should read the Registration
Statement carefully when it becomes available before making any
voting or investment decisions. When available, these documents can
be obtained free of charge from the sources indicated above.
No Offer or Solicitation This press release shall not
constitute an offer to sell or the solicitation of an offer to buy
any securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. No offering of securities
shall be made except by means of a prospectus meeting the
requirements of Section 10 of the U.S. Securities Act of 1933, as
amended.
Forward-Looking Statements The information in this press
release includes “forward-looking statements” within the meaning of
the federal securities laws with respect to the Proposed
Transaction. Forward-looking statements may be identified by the
use of words such as “estimate,” “plan,” “project,” “forecast,”
“intend,” “will,” “expect,” “anticipate,” “believe,” “seek,”
“target” or other similar expressions that predict or indicate
future events or trends or that are not statements of historical
matters. These forward-looking statements include, but are not
limited to, statements regarding expectations of accelerating
Spire’s sales and marketing efforts, expectations of product
development across Spire’s maritime segment and the applicability
of such products to Spire’s market, the strengthening of Spire’s
competitive advantage, the importance of marine data solutions on
vessel locations, weather conditions, and global shipping activity
to Spire’s target markets, the expansion of Spire’s business to new
regions and markets, Spire’s future growth, estimates and forecasts
of financial and performance metrics, expectations of achieving and
maintaining profitability, projections of total addressable
markets, market opportunity and market share, net proceeds from the
Proposed Transactions, potential benefits of the Proposed
Transaction and the potential success of the Company’s market and
growth strategies, and expectations related to the terms and timing
of the Proposed Transaction. These statements are based on various
assumptions and on the current expectations of NavSight’s and the
Company’s management and are not predictions of actual performance.
These forward-looking statements are provided for illustrative
purposes only and are not intended to serve as, and must not be
relied on by any investor as, a guarantee, an assurance, a
prediction or a definitive statement of fact or probability. Actual
events and circumstances are difficult or impossible to predict and
will differ from assumptions. Many actual events and circumstances
are beyond the control of NavSight and the Company. These
forward-looking statements are subject to a number of risks and
uncertainties, including (i) the risk that the Proposed Transaction
may not be completed in a timely manner or at all, which may
adversely affect the price of NavSight's securities; (ii) the risk
that the Proposed Transaction may not be completed by NavSight's
business combination deadline and the potential failure to obtain
an extension of the business combination deadline if sought by
NavSight; (iii) the failure to satisfy the conditions to the
consummation of the Proposed Transaction, including the approval of
the Proposed Transaction by the stockholders of NavSight, the
satisfaction of the minimum trust account amount following any
redemptions by NavSight's public stockholders and the receipt of
certain governmental and regulatory approvals; (iv) the inability
to complete the PIPE investment in connection with the Proposed
Transaction; (v) the failure to realize the anticipated benefits of
the Proposed Transaction; (vi) the effect of the announcement or
pendency of the Proposed Transaction on Spire’s business
relationships, performance, and business generally; (vii) risks
that the Proposed Transaction disrupts current plans of Spire and
potential difficulties in Spire employee retention as a result of
the Proposed Transaction; (viii) the outcome of any legal
proceedings that may be instituted against NavSight or Spire
related to the business combination agreement or the Proposed
Transaction; (ix) the ability to maintain the listing of NavSight’s
securities on the New York Stock Exchange; (x) the ability to
address the market opportunity for Space-as-a-Service; (xi) the
risk that the Proposed Transaction may not generate expected net
proceeds to the combined company; (xii) the ability to implement
business plans, forecasts, and other expectations after the
completion of the Proposed Transaction, and identify and realize
additional opportunities; (xiii) the occurrence of any event,
change or other circumstance that could give rise to the
termination of the business combination agreement; (xiv) the risk
of downturns, new entrants and a changing regulatory landscape in
the highly competitive space data analytics industry; and those
factors discussed in NavSight’s final prospectus filed on September
11, 2020 under the heading “Risk Factors,” and other documents of
NavSight filed, or to be filed, with the SEC. If any of these risks
materialize or the Company’s assumptions prove incorrect, actual
results could differ materially from the results implied by these
forward-looking statements. There may be additional risks that
neither NavSight nor the Company presently know or that NavSight
and the Company currently believe are immaterial that could also
cause actual results to differ from those contained in the
forward-looking statements. In addition, forward-looking statements
reflect NavSight’s and the Company’s expectations, plans or
forecasts of future events and views as of the date of this press
release. NavSight and the Company anticipate that subsequent events
and developments will cause NavSight’s and the Company’s
assessments to change. However, while NavSight and the Company may
elect to update these forward-looking statements at some point in
the future, NavSight and the Company specifically disclaim any
obligation to do so. These forward-looking statements should not be
relied upon as representing NavSight’s and the Company’s
assessments as of any date subsequent to the date of this press
release. Accordingly, undue reliance should not be placed upon the
forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20210506005189/en/
For Spire Global, Inc.: Investor Contact: Michael Bowen and Ryan
Gardella SpireIR@icrinc.com
Media Contact: Phil Denning SpirePR@icrinc.com
For NavSight Holdings, Inc.: Investor Contact: Jack Pearlstein
jack@navsight.com
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