NEW YORK, Sept. 9, 2020 /PRNewswire/
-- NavSight Holdings, Inc. (the "Company") announced
today the pricing of its initial public offering of 20,000,000
units at a price of $10.00 per unit.
Each unit consists of one share of the Company's Class A
common stock and one-half of one redeemable warrant, with each
whole warrant exercisable to purchase one share of Class A
common stock at a price of $11.50 per
share. The units will be listed on the New York Stock Exchange and
trade under the ticker symbol "NSH.U" beginning September 10, 2020. Once the securities
comprising the units begin separate trading, the Class A
common stock and warrants are expected to be listed on the New York
Stock Exchange under the symbols "NSH" and "NSH WS,"
respectively.
Credit Suisse Securities (USA)
LLC is acting as the sole book-running manager for the offering.
The Company has granted the underwriter a 45-day option to purchase
up to an additional 3,000,000 units at the initial public offering
price to cover over-allotments, if any.
The offering is being made only by means of a prospectus. When
available, copies of the prospectus related to this offering may be
obtained from Credit Suisse Securities (USA) LLC, Attention: Prospectus Department,
6933 Louis Stephens Drive, Morrisville,
NC 27560, Telephone: 1-800-221-1037, Email:
usa.prospectus@credit-suisse.com.
A registration statement relating to the securities has been
declared effective by the Securities and Exchange Commission (the
"SEC") on September 9, 2020. This
press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About NavSight Holdings, Inc.
NavSight Holdings, Inc. is a newly organized blank check company
formed for the purpose of effecting a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses. While the
Company may pursue a business combination target in any business or
industry, it intends to focus its 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.
Forward Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the
proposed initial public offering and the anticipated use of the net
proceeds. No assurance can be given that the offering discussed
above will be completed on the terms described, or at all, or that
the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many
of which are beyond the control of the Company, including those set
forth in the "Risk Factors" section of the Company's registration
statement and preliminary prospectus for the Company's offering
filed with the SEC. Copies of these documents are available on the
SEC's website, www.sec.gov. The Company undertakes no obligation to
update these statements for revisions or changes after the date of
this release, except as required by law.
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SOURCE NavSight Holdings, Inc