secwatch / observer

8-K filed March 13, 2025, 7:59 PM ET ticker SPIR CIK 0001816017

debt confidence high sentiment negative materiality 0.75

Spire Global gets waiver from Blue Torch, adds 2.5% PIK interest, replaces leverage covenant with min EBITDA

Spire Global, Inc.

Waives defaults for leverage ratio, liquidity, and missing 2025 projections; requires projections by March 16, 2025.
Replaces maximum debt/EBITDA covenant with minimum EBITDA covenant; adjusts Total ARR Leverage Ratio thresholds.
Increases applicable margin by 2.50% as PIK interest; adds $2.5M amendment fee and $1M extension fee (PIK).
Must engage liquidity management advisor and incur at least $15M junior capital by March 21, 2025.

item 1.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0000950170-25-038328
form_type: 8-K
ticker: SPIR
cik: 0001816017
company_name: Spire Global, Inc.
filed_at: 2025-03-13T23:59:59+00:00
discovered_at: 2026-05-14T18:03:05.021270+00:00
generated_at: 2026-05-24T21:32:00.899769+00:00
sec_items: ["1.01", "9.01"]
event_type: debt
sentiment: negative
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: high
secwatch_canonical_url: https://secwatch.observer/filing/0000950170-25-038328
json_url: https://secwatch.observer/filing/0000950170-25-038328.json
markdown_url: https://secwatch.observer/filing/0000950170-25-038328.md
text_url: https://secwatch.observer/filing/0000950170-25-038328.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1816017/000095017025038328/0000950170-25-038328-index.htm
edgar_primary_document_url: https://www.sec.gov/Archives/edgar/data/1816017/000095017025038328/spir-20250312.htm
generated_by_model: deepseek-v4-flash:cloud@v2
review_status: machine_generated
human_reviewed: false
corrected: false
correction_note: null
correction_timestamp: null
superseded_by: null

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Source: SEC EDGAR

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