Spire Global Announces Registered Direct Offering of $30 Million
In addition, the Company has issued the investors an option to acquire up to an additional 2,142,858 shares of Class A common stock at a price of
The Company intends to use the net proceeds from the offering for repayment of debt, working capital and general corporate purposes.
A.G.P./
This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-267413) previously filed with the
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About
Spire (NYSE: SPIR) is a global provider of space-based data, analytics and space services, offering unique datasets and powerful insights about Earth so that organizations can make decisions with confidence in a rapidly changing world. Spire builds, owns, and operates a fully deployed satellite constellation that observes the Earth in real time using radio frequency technology. The data acquired by Spire’s satellites provides global weather intelligence, ship and plane movements, and spoofing and jamming detection to better predict how their patterns impact economies, global security, business operations and the environment. Spire also offers Space as a Service solutions that empower customers to leverage its established infrastructure to put their business in space. Spire has nine offices across the
Forward-Looking Statements
This press release contains forward-looking statements, including information about the expected timing of closing and the use of proceeds from the offering, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Spire to be materially different than those expressed or implied in such statements. Certain of these risk factors and others are included in documents Spire files with the
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Communications Manager
Sarah.Freeman@spire.com
Head of Investor Relations
Benjamin.Hackman@spire.com
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