Spire Global’s Merger with NavSight Holdings

Wilson Sonsini Goodrich & Rosat advised Spire Global, Inc. on the deal.

Spire Global, Inc., a global provider of space-based data and analytics, and NavSight Holdings Inc., a special purpose acquisition company, or SPAC, announced they have entered into a definitive merger agreement for a business combination that would result in Spire becoming a publicly listed company.

According to the press release, the board of directors of both Spire and NavSight have unanimously approved the transaction, which will require the approval of the stockholders of both companies. The transaction is subject to other customary closing conditions, including the receipt of regulatory approvals, and is expected to close in the summer of 2021.

The transaction is expected to deliver up to $475 million of gross proceeds, including the contribution of up to $230 million of cash held in NavSight’s trust account. In addition, the merger is further supported by a $245 million fully committed PIPE anchored by Tiger Global Management, BlackRock Advisors, Hedosophia, Jaws Estates Capital, and Bloom Tree Partners.

The Wilson Sonsini team included Andrew Hill (Picture), Benjamin Chun,Richa Sharma, Jacqueline Jung, Peter Nelson, Jing Yang, Ethan Lutske, Ross Tanaka, Patrick Samper, Stephanie C. Chen, Jonathan Zhu, Joe Mandry, Trent McKenzie, John McGaraghan, Scott McKinney, Barclay Oudersluys, Matt Staples, Daniel Chen, Todd Hahn, Scott McCall, 
Jaqueline Tokuda, Jason Chan, Joshua Gruenspecht, Mark Bass, Seth Cowell, Anne Seymour, Aaron Hendelman, Alyssa Worsham and Chidera Anyanwu.

 

Involved fees earner: Chidera Anyanwu – Wilson Sonsini Goodrich & Rosati; Mark Bass – Wilson Sonsini Goodrich & Rosati; Jason Chan – Wilson Sonsini Goodrich & Rosati; Stephanie Chen – Wilson Sonsini Goodrich & Rosati; Daniel Chen – Wilson Sonsini Goodrich & Rosati; Benjamin Chun – Wilson Sonsini Goodrich & Rosati; Seth Cowell – Wilson Sonsini Goodrich & Rosati; Joshua Gruenspecht – Wilson Sonsini Goodrich & Rosati; Todd Hahn – Wilson Sonsini Goodrich & Rosati; Aaron Hendelman – Wilson Sonsini Goodrich & Rosati; Andrew Hill – Wilson Sonsini Goodrich & Rosati; Jacqueline Jung – Wilson Sonsini Goodrich & Rosati; Ethan Lutske – Wilson Sonsini Goodrich & Rosati; Joe Mandry III – Wilson Sonsini Goodrich & Rosati; Scott McCall – Wilson Sonsini Goodrich & Rosati; John McGaraghan – Wilson Sonsini Goodrich & Rosati; Scott McKinney – Wilson Sonsini Goodrich & Rosati; Peter Nelson – Wilson Sonsini Goodrich & Rosati; Barclay Oudersluys – Wilson Sonsini Goodrich & Rosati; Anne Seymour – Wilson Sonsini Goodrich & Rosati; Richa Sharma – Wilson Sonsini Goodrich & Rosati; Matthew Staples – Wilson Sonsini Goodrich & Rosati; Ross Tanaka – Wilson Sonsini Goodrich & Rosati; Jaqueline Tokuda – Wilson Sonsini Goodrich & Rosati; Alyssa Worsham – Wilson Sonsini Goodrich & Rosati; Jing Yang – Wilson Sonsini Goodrich & Rosati; Jonathan Zhu – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: Spire Global, Inc.;

Author: Martina Bellini