secwatch.observer — SEC 8-K summary
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Issuer:     Spire Global, Inc. (SPIR)
CIK:        0001816017
Form:       8-K
Filed at:   2023-08-30T23:59:59+00:00
Accession:  0000950170-23-045434
Event type: other
Sentiment:  negative
Materiality: 0.65
Item codes: 3.03, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spire Global effects 1-for-8 reverse stock split effective Aug 31, 2023 to meet NYSE listing requirement
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- Reverse stock split at 1-for-8 ratio effective 12:01 a.m. ET on August 31, 2023.
- Class A shares reduce from 166.8M to ~20.8M; Class B from 12.1M to ~1.5M.
- Purpose: increase per-share price to meet NYSE minimum average closing price requirement.
- No fractional shares issued; cash paid for Class A fractional shares; Class B fractional shares forfeited.
- New CUSIP 848560 306; stock begins trading split-adjusted at market open on August 31.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816017/000095017023045434/0000950170-23-045434-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816017/000095017023045434/spir-20230830.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-045434

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