secwatch.observer — SEC 8-K summary
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Issuer:     Spire Global, Inc. (SPIR)
CIK:        0001816017
Form:       8-K
Filed at:   2023-03-24T23:59:59+00:00
Accession:  0000950170-23-009745
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 5.02
LLM model:  deepseek-v4-flash:cloud@v2

Spire Global receives NYSE delisting notice for low stock price; board member resigns
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816017/000095017023009745/0000950170-23-009745-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816017/000095017023009745/spir-20230321.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-009745

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer