Anonymous ID: 3245e6 April 3, 2021, 2:27 a.m. No.75002   🗄️.is 🔗kun

>>74892 From the SEC Edgar Database:

Introduction

 

We are a blank check company incorporated on May 29, 2020 as a Delaware corporation formed for the purpose of purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or other similar business combination with one or more businesses. We have neither engaged in any operations nor generated any revenue to date. Based on our business activities, the Company is a “shell company” as defined under the Exchange Act of 1934 (the “Exchange Act”) because we have no operations and nominal assets consisting almost entirely of cash.

On September 14, 2020, we consummated our initial public offering (the “Public Offering”) of 23,000,000 units. Each unit consists of one Class A common stock and one-half of one redeemable warrant. Each warrant entitles the holder thereof to purchase one Class A common stock at a price of $11.50 per share. The units were sold at an offering price of $10.00 per unit, generating gross proceeds, before expenses, of $230,000,000. Prior to the consummation of the Public Offering, on June 16, 2020, the Sponsor received 5,750,000 Founder Shares in exchange for a capital contribution of $25,000, or $0.004 per share.

On February 28, 2021, the Company entered into a Business Combination Agreement (the “Transaction Agreement”) by and among the Company, NavSight Merger Sub Inc., a Delaware corporation and direct wholly owned subsidiary of NavSight (“Merger Sub”), Spire Global, Inc., a Delaware corporation (“Spire”), and certain of Spire’s stockholders (the “Founders”). Merger Sub will be merged with and into Spire (the “Merger” and together with the other transactions contemplated by the Transaction Agreement, the “Transactions”), with Spire surviving the Merger. As a result of the Transactions, as further described below, it is expected that the equityholders of Spire, as of immediately prior to the Merger, will hold approximately 60.8% of the fully diluted outstanding equity interests of the Company.

While we may pursue a business combination target in any business or industry, we intend to focus our 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.

 

https://www.sec.gov/Archives/edgar/data/1816017/000156459021016118/nshu-10k_20201231.htm

https://www.sec.gov/cgi-bin/own-disp?action=getissuer&CIK=0001816017

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