NSH - We Remain At Buy On NavSight Holdings The SPAC Aiming To Merge With Spire Global
- NavSight Holdings, our top pick among the current crop of space sector SPAC deals, is showing signs of life.
- The stock and warrants have been moribund during the tech selloff in the first half of 2021 - not least due to the SEC's attention on SPAC warrant accounting.
- While there remains the risk that the merger may not complete, we think that risk is beginning to ease. The company is demonstrating great confidence in its capital markets' future.
- The warrants have begun to run-up, the stock, not so. We remain at Buy on NSH (the relevant SPAC ticker) as a result.
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We Remain At Buy On NavSight Holdings, The SPAC Aiming To Merge With Spire Global