Wilson Sonsini Advises Spire in Merger with NavSight Holdings, Inc.

On March 1, 2021, 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. Wilson Sonsini Goodrich & Rosati is advising Spire in the transaction.

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 advising Spire Global includes the following attorneys:

Corporate/Capital Markets
Andrew Hill, Partner
Benjamin Chun, Senior Counsel
Richa Sharma, Associate
Jacqueline Jung, Associate
Peter Nelson, Associate
Jing Yang, Associate

M&A
Ethan Lutske, Partner
Ross Tanaka, Associate

Tax
Jonathan Zhu, Partner

Intellectual Property
John McGaraghan, Partner
Scott McKinney, Associate
Barclay Oudersluys, Associate

Privacy and Cybersecurity
Matt Staples, Partner
Daniel Chen, Associate

Executive Benefits & Compensation
Scott McCall, Partner
Jaqueline Tokuda, Partner
Jason Chan, Associate

Regulatory
Joshua Gruenspecht, Partner
Mark Bass, Partner
Seth Cowell, Associate

Export Control
Anne Seymour, Counsel

Trademark and Copyright
Aaron Hendelman, Partner
Alyssa Worsham, Partner

Please see the companies’ press release for more information.