The four "SPAC" acquisitions – Navigation Capital Acquisition VI, VII, VIII and IX – include companies in financial technology, telecommunications, and manufacturing services. Navigation Capital Acquisition IX would be led by Vicki Palmer as CEO. The company's chairman will be David Panton, managing partner at Navigation Capital and chairman of Panton Equity Partners LLC, a private family office he founded in June 2012.
Navigation Capital Partners unveiled plans for 4 new blank-check companies, in the latest sign that the enthusiasm for the SPAC market remains unabated. Navigation Capital aims to raise $150 million each for Navigation Capital Acquisition VI, VII, VIII and IX. Lonnie Johnson, inventor of the “Super Soaker” water gun, is CEO of one of the special purpose acquisition companies, while Super Bowl champion Jerome Bettis will serve on the board of another.