Brief: Nextnav To Combine With Spartacus Acquisition Corp

Nextnav

10/06/2021 06:30

June 10 (Reuters) - Spartacus Acquisition Corp  TMTS.O :
    * NEXTNAV, A LEADER IN NEXT GENERATION GPS, TO COMBINE WITH
SPARTACUS ACQUISITION CORPORATION RESULTING IN NEXTNAV BECOMING
A PUBLIC COMPANY
    * SPARTACUS- COMBINED COMAPNY'S ENTERPRISE VALUE OF $900
MILLION,
EQUITY VALUE OF $1.2 BILLION, TRANSACTION INCLUDES $205 MILLION
COMMON STOCK PIPE AT $10PER SHARE
    * SPARTACUS - POST-CLOSE COMBINED COMPANY WILL BE NAMED
NEXTNAV
INC WITH COMMON STOCK, WARRANTS LISTED ON NASDAQ UNDER TICKER
SYMBOLS "NN" AND "NNW"

Source text for Eikon:  ID:nBw8jhJv0a 
Further company coverage:  TMTS.O 

 ((Reuters.Briefs@thomsonreuters.com;))