3D GPS company NextNav will go public in SPAC at $1.2 billion value
NextNav plans to go public at a $1.2 billion valuation through a special purpose acquisition company, or SPAC. This kind of 3D geolocation technology has a lot of people excited, including game companies such as Epic Games and Niantic. I recently did a webinar with NextNav about the potential for 3D geolocation technology in games. The dealThe SPAC deal will help NextNav become a public company faster than if it did a traditional initial public offering (IPO). NextNav will combine with Spartacus Acquisition Corporation, resulting in NextNav becoming a public company.