---
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"
generated_at: "2026-05-24T21:32:00.899769+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1816017/000095017025038328/0000950170-25-038328-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1816017/000095017025038328/spir-20250312.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-038328
- JSON: https://secwatch.observer/filing/0000950170-25-038328.json
- Plain text: https://secwatch.observer/filing/0000950170-25-038328.txt

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