Spire sells maritime business for ~$241M to Kpler; plans to eliminate debt

Spire Global, Inc.

Enterprise value of $233.5M plus $7.5M for post-close services; ~5.8x trailing 12-month revenue.
Proceeds will retire all outstanding debt under Blue Torch Financing Agreement.
Entered into forbearance with Blue Torch covering specified defaults through Dec 24, 2024.
Spire retains satellite network, aviation, weather, space services, and U.S. government maritime customers.
Transaction expected to close by Q1 2025, subject to customary conditions and regulatory approvals.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.