Spire Global, Inc. (SPIR): M&A transaction — Spire Global sells maritime business to Kpler for ~$233.5M, retires all debt

Spire Global, Inc.

Sale price $233.5M plus $7.5M TSA; proceeds fully retire all outstanding debt.
Spire repaid Blue Torch term loan ($93.9M current + $4.6M long-term) and incurred ~$2.8M exit fees.
Settlement with L3Harris: $17M paid by Kpler; Spire contributed $7M via reduced cash proceeds.
Pro forma FY2024 net income $45.4M; gain on sale $155.9M; debt elimination saves ~$20.4M interest.
Retains satellite network and technology; continues aviation, weather, and space services.

item 1.01 item 1.02 item 2.01 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Spire Global, Inc. completed a disposition involving Kpler Holding SA for approximately $233.5 million (closed 2025-04-25).

Action: disposition
Counterparty: Kpler Holding SA
Consideration: approximately $233.5 million
Closing: 2025-04-25

Exact text from the filing

On April 25, 2025, pursuant to the Purchase Agreement, Buyer and its affiliates acquired the Maritime Business for approximately $233.5 million, before adjustments, including the $7.0 million reduction agreed to in connection with the Settlement.

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Spire Global, Inc. filing history →

Source: SEC EDGAR

accession 0000950170-25-058698

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