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An update from Spire Global ( (SPIR) ) is now available.
On February 10, 2025, Spire Global filed a complaint in the Delaware Court of Chancery against Kpler Holding SA, a Belgian corporation, for failing to fulfill its obligations under the Share Purchase Agreement related to the sale of Spire’s maritime business. Spire seeks specific performance and declaratory judgment as Kpler did not consummate the transaction despite conditions being met. The outcome of the legal proceedings remains uncertain, with potential impacts on Spire’s business operations and stock price if the transaction is not completed.
More about Spire Global
Spire Global, Inc. is a Delaware corporation based in Vienna, Virginia, operating one of the largest constellations of commercial satellites globally. The company provides space-based data and analytics for sectors such as maritime, aviation, and weather, offering insights to customers including government entities monitoring risks like extreme weather events. Spire’s common stock is publicly traded on the New York Stock Exchange under the ticker ‘SPIR.’
YTD Price Performance: -20.91%
Average Trading Volume: 489,015
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $296M
Learn more about SPIR stock on TipRanks’ Stock Analysis page.
