Spire Global, Inc. (SPIR): Nasdaq/NYSE listing notice — Spire Global receives NYSE delisting notice for low stock price; board member resigns

Spire Global, Inc.

NYSE notified Spire on March 24, 2023 that average closing price below $1.00 over 30 trading days, violating Rule 802.01C.
Company has cure period and plans to consider a reverse stock split subject to stockholder approval to regain compliance.
Jack Pearlstein resigned from the Board effective March 21, 2023 to focus on other professional commitments, no disagreement.
Common stock continues trading on NYSE while the company works to regain compliance with the listing rule.

item 3.01 item 5.02

Executive movements

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Departed

Jack Pearlstein

Director

SPIR · Spire Global, Inc.

Effective: 2023-03-21
Filed: March 24, 2023, 7:59 PM ET

On March 21, 2023, Jack Pearlstein informed the Company of his resignation from the Company’s Board of Directors, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Spire Global, Inc. received a nyse deficiency notice notice regarding minimum bid price (rules 802.01C).

Exchange: nyse
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 802.01C

Exact text from the filing

March 24, 2023, Spire Global, Inc., a Delaware corporation (the “Company”), was notified by the New York Stock Exchange (“NYSE”) that the Company is not in compliance with Rule 802.01C of the NYSE’s Listed Company Manual (“Rule 802.01C”) relating to the minimum average closing price of the Company’s Class A common stock, par value of $0.0001 per share (the “Common Stock”), required over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the Company’s Common Stock from the NYSE. The Company intends to notify the NYSE within 10 business days of its inte

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Executive change SEC 8-K Item 5.02 confidence 0.95

Jack Pearlstein resigned as Director at Spire Global, Inc..

Action: resigned
Role: Director

Exact text from the filing

On March 21, 2023, Jack Pearlstein informed the Company of his resignation from the Company’s Board of Directors, effective immediately.

View on SEC.gov

5 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Spire Global, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-23-009745

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