Spire Global price target lowered to $11.50 from $24 at Canaccord

Canaccord analyst Austin Moeller lowered the firm’s price target on Spire Global (SPIR) to $11.50 from $24 and keeps a Buy rating on the shares. The firm noted they announced that Kpler is not consummating the final sale of the company’s maritime AIS data business. Kpler refuses and has cited a variety of disputes for declining to close the deal. Spire’s management has stated that all conditions required for final closing contained in the purchase agreement have been satisfied.