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Spartacus Acquisition Corp. II reports SPAC-related developments tied to its public unit structure, initial public offering, securities listings, and search for an initial business combination. Company news covers the Nasdaq-listed TMTSU units, the related Class A ordinary shares and redeemable warrants, and the company's stated focus on technology, media and telecommunications targets.
Recurring updates also include material agreements, shareholder voting matters, governance matters, capital-structure disclosure, and operating or financial results typical of a blank-check issuer before a business combination.
NextNav has successfully demonstrated the precise timing capabilities of its TerraPoiNT service, evaluated by the Department of Homeland Security’s Science & Technology Directorate. This industry-first trial confirmed TerraPoiNT's effectiveness as a GPS alternative during simulated outages, achieving timing accuracy better than 50 nanoseconds under challenging conditions. The service supports critical infrastructures, including 5G networks and power grids. Following positive evaluations from the Department of Transportation, NextNav is moving forward with its merger with Spartacus Acquisition Corporation (NASDAQ: TMTS, TMTSW, TMTSU), expected to close in Q3 or early Q4 2021.
NextNav has launched its Unreal Engine plug-in, integrating its vertical positioning service, Pinnacle, enabling developers to enhance applications with precise z-axis geolocation data. This service covers over 4,400 cities in the U.S., supporting over 90% of buildings taller than three stories. The release follows the company receiving an Epic MegaGrant to facilitate this integration. This plug-in aims to advance location-based gaming and visualization, establishing a new standard for immersive experiences in urban environments. NextNav is set to merge with Spartacus Acquisition Corporation (NASDAQ: TMTS, TMTSW, TMTSU).
NextNav, a leader in next-generation GPS, showcased its vertical geolocation network, Pinnacle, at the National Emergency Numbers Association (NENA) Conference. Dan Hight, VP of Business Development, emphasized the need for reliable technology during emergencies, noting that over two-thirds of first responders face inaccurate navigational data. Pinnacle delivers altitude measurements surpassing the FCC's three-meter accuracy mandate across 4,400 U.S. cities. NextNav’s partnership with FirstNet and its integration with Intrepid Networks aim to enhance public safety through improved location intelligence. A merger with Spartacus Acquisition Corporation (NASDAQ: TMTS, TMTSW, TMTSU) is anticipated in Q3/Q4 2021.
NextNav, a leader in next-generation GPS technology, will present at significant upcoming conferences hosted by Cowen and Oppenheimer. Key dates include:
- Cowen’s 7th Annual Communications Infrastructure Summit: August 10, 2021, at 3:55 PM ET.
- Oppenheimer’s 24th Annual Technology, Internet & Communications Conference: August 11, 2021, at 2:05 PM ET.
NextNav is merging with Spartacus Acquisition Corporation (NASDAQ: TMTS, TMTSW, TMTSU), expecting to close the transaction by late Q3 or early Q4 2021, resulting in the new entity, NextNav Inc., listed on Nasdaq.