Spire Global sells 833,333 shares to Signal Ocean for $10M; partnership to digitize maritime economy

Spire Global, Inc.

Closed private placement of 833,333 shares at $12.00 each for $10M gross proceeds on February 8, 2024.
Signal Ocean will collaborate with Spire to develop AI/ML maritime solutions using Spire's satellite data.
Spire must file a resale registration statement for the shares within 30 days of closing.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Spire Global, Inc. entered into securities purchase agreement with Signal Ocean Ltd valued at $10.0 million (effective 2024-02-04).

Action: entry
Agreement: equity purchase
Counterparty: Signal Ocean Ltd
Value: $10.0 million
Effective: 2024-02-04

Exact text from the filing

On February 4, 2024, Spire Global, Inc. (the “Company”) and Signal Ocean Ltd (“Signal Ocean”) entered into a securities purchase agreement (the “SPA”) for the issuance and sale of 833,333 shares (“Shares”) of the Company’s Class A common stock to Signal Ocean at a price of $12.00 per share (the “Private Placement”).

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Spire Global, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-24-012756

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