Spire Global price target lowered to $14.50 from $15 at Canaccord

Canaccord lowered the firm’s price target on Spire Global (SPIR) to $14.50 from $15 and keeps a Buy rating on the shares. The firm noted the company announced a private placement that will generate gross proceeds of $40M to the company, before fees. The company also reported they amended their agreement with lender Blue Torch Capital where Blue Torch waived any events of default under the current terms of the financing agreement, which already had breaches.