Hogan Lovells advises NextNav in successful completion of de-SPAC business combination with Spartacus Acquisition Corporation
Northern Virginia and Philadelphia, 2 November 2021 – Global law firm Hogan Lovells advised NextNav in the successful completion of its previously announced de-SPAC business combination with Spartacus Acquisition Corporation.
The deal was announced by NextNav, a leader in next generation GPS and 3D geolocation, and Spartacus Acquisition Corporation in June. It was approved by Spartacus' stockholders at its Special Meeting held on October 27, and closed on October 28. The combined company will operate as NextNav Inc.
With the completion of this combination, NextNav is well positioned to drive growth in its 3D geolocation businesses and prepare for expansion of its next generation GPS platform.
The Hogan Lovells cross-office and cross-practice team was led by Corporate & Finance partner Randy Segal and included partners Adam Brown, John Duke, and Jessica Bisignano, as well as senior associates Michael Rogers and Liz Banks, and associate Chelsea Shrader.
More information about the closing is in NextNav's press release.
Our release on the merger announcement is here.