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World View, a leader in stratospheric exploration, announces participation in a panel discussion at SXSW 2023 on March 15 at 4:00 PM CDT. The session will focus on the transformative potential of space tourism and its role in promoting a better understanding of Earth. Panelists include former NASA astronaut Kathryn Sullivan, explorer Richard Garriott, and World View CEO Ryan Hartman. They aim to explore how emerging space tourism capabilities can meet the needs of modern travelers seeking meaningful experiences. World View continues to innovate in stratospheric exploration while preparing for a business combination with Leo Holdings Corp II (NYSE: LHC).
World View has appointed Ian Thomas as Chief Revenue Officer, a move aimed at expanding its global remote sensing business. With over 30 years of experience, including 15 years at Boeing, Thomas will focus on developing new strategic partnerships and market share. Earlier this year, World View announced a public listing through a SPAC deal with Leo Holdings Corp. II (NYSE: LHC), valuing the combined entity at approximately $350 million. The capital will assist in diversifying operations and exploring new markets for remote sensing technology.
World View has entered a definitive merger agreement with Leo Holdings Corp. II (NYSE: LHC) to create a public company focused on stratospheric exploration, with a pro forma enterprise value of approximately $350 million. The transaction could yield up to $121 million in gross proceeds, contingent on shareholder redemptions and a targeted $75 million financing round. This merger aims to enhance World View's remote sensing capabilities and expand its market reach in various sectors, including defense and agriculture. The closure is anticipated in Q2 2023, pending approvals.
Leo Holdings Corp. (NYSE: LHC) has announced that its extraordinary general meeting will be held remotely on July 14, 2020, due to COVID-19 safety concerns. The meeting aims to vote on proposals related to a Business Combination Agreement with Digital Media Solutions LLC. Shareholders can access the meeting via teleconference and are encouraged to read the definitive proxy statement, which contains essential information regarding the transaction. Leo has filed a Registration Statement with the SEC and mailed proxy materials to shareholders as of June 24, 2020.