---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-051190"
form_type: "8-K"
ticker: "SPIR"
cik: "0001816017"
company_name: "Spire Global, Inc."
filed_at: "2023-10-02T23:59:59+00:00"
generated_at: "2026-06-10T06:29:22.492688+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Spire waives loan default, amends covenants; warrants repriced to $5.44

## Summary
- Waived default on total annualized recurring revenue leverage ratio; amended financial covenants for relief.
- Requires $2.5M repayment on Oct 2, 2023 with $50K premium; exit fee $1.8M.
- Minimum liquidity set at $30M; Blue Torch gets two board observer seats.
- Existing warrants repriced from $16.08 to $5.44, new warrants for 597K shares at $5.44.
- CEO Platzer and COO Condor relocated to Germany; new contracts with salaries €441K and €392K.

## SEC filing metadata
- accession: 0000950170-23-051190
- form_type: 8-K
- ticker: SPIR
- cik: 0001816017
- company_name: Spire Global, Inc.
- filed_at: 2023-10-02T23:59:59+00:00
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1816017/000095017023051190/0000950170-23-051190-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1816017/000095017023051190/spir-20230925.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-051190
- JSON: https://secwatch.observer/filing/0000950170-23-051190.json
- Plain text: https://secwatch.observer/filing/0000950170-23-051190.txt

## Key facts
- Material Agreements
  Spire Global, Inc. amended Waiver and Amendment No. 2 to Financing Agreement with Blue Torch Finance LLC valued at $1,800,000 (effective 2023-09-27).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Blue Torch Finance LLC
  - Value: $1,800,000
  - Effective: 2023-09-27
  source text: On September 27, 2023, Spire Global, Inc., a Delaware corporation (the “Company”), as borrower, and Spire Global Subsidiary, Inc. and Austin Satellite Design, LLC, as guarantors, entered into the Waiver and Amendment No. 2 to Financing Agreement (the “Waiver and Amendment”) with Blue Torch Finance LLC, a Delaware limited liability company (“Blue Torch”), as administrative agent and collateral agent, and certain lenders (the “Lenders”), which amends that certain Financing Agreement, dated as of June 13, 2022, as amended by that certain Amendment No. 1 to Financing Agreement dated as of March 21, 2023 (the “Financing Agreement”), to (a) waive an event of default under the Financing Agreement arising out of the total annualized recurring revenue leverage ratio being greater than the ratio permitted by the Financing Agreement, (b) amend the financial covenants in the Financing Agreement to provide covenant relief from the leverage ratios set forth in the Financing Agreement and (c) provide
  evidence_url: https://www.sec.gov/Archives/edgar/data/1816017/000095017023051190/0000950170-23-051190-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.