BRIEF-Nextnav To Combine With Spartacus Acquisition Corp

Reuters
Jun 10, 2021

June 10 (Reuters) - Spartacus Acquisition Corp :

* 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: Further company coverage:

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

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