NextNav to Combine with Spartacus Acquisition Corporation (TMTS)
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NextNav, a Leader in Next Generation GPS, to Combine with Spartacus Acquisition Corporation Resulting in NextNav Becoming a Public Company
June 10, 2021 12:30 AM EDTGary Parsons, former Chairman of the Board for Sirius XM Radio, to serve as Chairman of the Board of NextNav; leading world-class Management Team and Board of Directors NextNav equity holders will roll 100% of their existing equity holdings into the combined company Transaction values combined company at a pro forma implied enterprise value of ~$900 million and fully diluted pro forma equity value of ~$1.2 billion and is expected to provide approximately $408 million in gross proceeds Transaction includes $205... More
