Spire Global ( (SPIR) ) has issued an update.
On March 12, 2025, Spire Global, Inc. entered into a securities purchase agreement for a private placement of Class A common stock and pre-funded warrants, raising approximately $40 million. The private placement, which closed on March 14, 2025, aims to support the company’s working capital and general corporate purposes. The transaction, exempt from public offering registration, involves a lock-up agreement restricting stock sales by executives and directors for 90 days post-closing. This strategic financial move is expected to bolster Spire’s operational capabilities and market positioning.
More about Spire Global
Spire Global, Inc. is a global provider of space-based data, analytics, and space services. The company operates a satellite constellation that provides real-time Earth observation using radio frequency technology. Spire offers insights into global weather, ship and plane movements, and spoofing and jamming detection, aiding in economic, security, business, and environmental decision-making. Additionally, Spire provides Space as a Service solutions, enabling customers to utilize its infrastructure for space-based operations.
YTD Price Performance: -40.86%
Average Trading Volume: 640,924
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $233.5M
Learn more about SPIR stock on TipRanks’ Stock Analysis page.