Spire Global, Inc. (“Spire Global”, “Spire”, or “the Company”) a
leading global provider of space-based data, analytics, and space
services, announced today that CEO Peter Platzer will virtually
present at the upcoming Canaccord Genuity 41st Annual Growth
Conference. Spire’s presentation is scheduled to take place
Thursday, August 12 at 3:00 PM ET. A live webcast of the
presentation will be available here.
Spire executives will also be available for one-on-one meetings
throughout the conference. For more information about the
conference or to schedule a one-on-one meeting with management,
please contact your Canaccord Genuity representative.
Earlier this year, Spire announced a planned business
combination with NavSight Holdings Inc. (NYSE: NSH).
Special Meeting of NavSight Stockholders to Approve Business
Combination On July 26, 2021, Spire announced that the
registration statement on Form S-4 (File No. 333-256112) of
NavSight relating to the previously announced merger of NavSight
and Spire (the “Business Combination”) was declared effective by
the U.S. Securities and Exchange Commission as of July 22, 2021. A
previously announced special meeting of NavSight’s stockholders
(the “Special Meeting”) is expected to be held on August 13, 2021
at 10:00 AM ET to, among other things, allow stockholders to vote
to approve the proposed Business Combination. The Special Meeting
will be completely virtual and conducted via live webcast.
Stockholders of record of NavSight common stock as of the close of
business on the record date of June 21, 2021 may vote at or before
the Special Meeting. If the proposals at the Special Meeting are
approved, the parties anticipate that the Business Combination will
close shortly thereafter, subject to the satisfaction or waiver (as
applicable) of all other closing conditions. Upon the closing of
the Business Combination, the parties expect that the combined
company will operate as Spire Global, Inc., and that the shares of
common stock and the warrants of the combined company are expected
to be listed on New York Stock Exchange under the symbols “SPIR”
and “SPIR.WS,” respectively.
NavSight stockholders who need assistance voting, have questions
regarding the Special Meeting, or would like to request documents
may contact NavSight Holdings, Inc., 12020 Sunrise Valley Drive,
Suite 100, Reston, Virginia 20191, by telephone at (571) 500-2236,
or by email at jack@navsight.com, or NavSight’s proxy solicitor
D.F. King & Co., Inc. by calling (800) 207-3158 or banks and
brokers can call at (212) 269-5550, or by emailing
NSH@dfking.com.
About Spire Global, Inc. Spire is a leading global
provider of space-based data, analytics, and space services,
offering access to unique datasets and powerful insights about
Earth from the ultimate vantage point so that 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, Boulder, Washington DC, Glasgow, Luxembourg, and
Singapore. To learn more, visit http://www.spire.com.
About NavSight Holdings, Inc. NavSight Holdings, Inc.
(“NavSight”) (NYSE: NSH) is a newly organized 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.
Additional Information and Where to Find It In connection
with the proposed Business Combination (the “Proposed
Transaction”), NavSight has filed the Registration Statement with
the SEC, which includes a proxy statement which has been
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 Spire’s
stockholders in connection with the Proposed Transaction, and an
information statement to Spire’s stockholders regarding the
Proposed Transaction. NavSight has mailed a definitive proxy
statement/prospectus/information statement and other relevant
documents to its stockholders of record as of June 21, 2021, the
record date established for the Special Meeting. Investors and
security holders and other interested parties are urged to read the
proxy statement/prospectus/information statement, any amendments
thereto and any other documents filed or that will be filed with
the SEC carefully and in their entirety as they become available
because they will contain important information about NavSight,
Spire and the Proposed Transaction. Investors and security holders
may obtain free copies of the proxy
statement/prospectus/information statement and other documents
filed with the SEC by NavSight (when available) 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 Spire 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 final prospectus
filed on July 22, 2021 (the “NavSight Prospectus”). Additional
information regarding the participants in the proxy solicitation
and a description of their direct and indirect interests, by
security holdings or otherwise, is included in the Registration
Statement, the NavSight Prospectus and other relevant materials
filed or that will be filed with the SEC regarding the Proposed
Transaction as they become available. Stockholders, potential
investors and other interested persons should read the Registration
Statement and NavSight Prospectus carefully before making any
voting or investment decisions. 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 about the potential success of Spire’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 Spire’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
Spire. 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; (iv) the risk of
downturns, new entrants and a changing regulatory landscape in the
highly competitive space data analytics industry; and those factors
discussed in the NavSight Prospectus 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 Spire’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 Spire presently
know or that NavSight and Spire 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 Spire’s expectations, plans or
forecasts of future events and views as of the date of this press
release. NavSight and Spire anticipate that subsequent events and
developments will cause NavSight’s and Spire’s assessments to
change. However, while NavSight and Spire may elect to update these
forward-looking statements at some point in the future, NavSight
and Spire specifically disclaim any obligation to do so. These
forward-looking statements should not be relied upon as
representing NavSight’s and Spire’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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210809005052/en/
For Spire Global, Inc.: Hillary Yaffe
hillary.yaffe@spire.com
For NavSight Holdings, Inc.: Jack Pearlstein
jack@navsight.com
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