other material
confidence high
sentiment neutral
materiality 0.65
Spire Global raises $40M in private placement of 5M shares/pre-funded warrants at $8.00
Spire Global, Inc.
- Gross proceeds of $40.0M from sale of 4,843,750 shares + 156,250 pre-funded warrants at $8.00 per share equivalent.
- Pre-funded warrants exercisable at $0.0001, expire when exercised; capped beneficial ownership at 4.99%/9.99%.
- Net proceeds to be used for working capital and general corporate purposes.
- Registration statement to be filed by April 30, 2025 for resale; lock-up on insiders for 90 days.
- Craig-Hallum Capital Group acted as sole placement agent.