Spire Global Strikes $10M Deal with Signal Ocean

Spire Global (SPIR) has released an update to notify the public and investors about an entry into a material definitive agreement.

Spire Global, Inc. and Signal Ocean Ltd have completed a private transaction where Signal Ocean acquired 833,333 shares of Spire Global at $12.00 per share, resulting in a $10 million boost for the company. This deal included typical assurances and legal promises and also requires Spire Global to file a registration statement for the shares to be resold, adding potential future liquidity for Signal Ocean’s investment.

For further insights into SPIR stock, check out TipRanks’ Stock Analysis page.

For a comprehensive understanding of the announcement, you can read the full document here.