Business News

NextNav, a Leader in Next Generation GPS, to Combine with Spartacus Acquisition Corporation Resulting in NextNav Becoming a Public Company

DULUTH, Ga. & MCLEAN, Va.–()–NextNav, a leader in next generation GPS, and Spartacus Acquisition Corporation (NASDAQ: TMTS, TMTSW, and TMTSU) (“Spartacus” or the “Company”), a special purpose acquisition company, today announced their entry into a definitive merger agreement (the “Merger Agreement”) that will result in NextNav becoming a public company. Upon closing of the business combination (the “Transactions”), the combined company will be named NextNav Inc., and its common stock and warrants will be listed on the Nasdaq under the ticker symbol “NN” and “NNW”, respectively.

Gross proceeds of up to $408 million from the business combination are expected to be used to fuel growth in its…

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