8-K
filed August 20, 2021, 7:59 PM ET
ticker SPIR
CIK 0001816017
M&A
confidence high
sentiment neutral
materiality 0.90
Spire Global completes SPAC merger with NavSight; H1 2021 revenue $18.8M (+34%)
Spire Global, Inc.
- Business combination with NavSight closed Aug 16, 2021; combined company renamed Spire Global (SPIR) on NYSE.
- PIPE investment of $245M (24.5M shares at $10/share); existing holders redeemed ~21M shares for $210M.
- Old Spire H1 2021 revenue $18.8M (+34% YoY), gross margin 63%, ARR $36.6M (+36%), 187 ARR customers (+68%).
- Outstanding post-close shares: 133.7M Class A, 12.1M Class B, 22.4M options; earnout shares tied to $13/$16/$19/$22 price triggers.
- Old Spire continues to incur net losses; no net income figure disclosed for H1 2021.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Stephen Messer was appointed as Director at Spire Global, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Class I directors are Peter Platzer and Stephen Messer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
William Porteous was appointed as Director at Spire Global, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Class II directors are Jack Pearlstein and William Porteous
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Theresa Condor was appointed as Director at Spire Global, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Class III director is Theresa Condor
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Peter Platzer was appointed as Director at Spire Global, Inc..
- Action
- appointed
- Role
- Director
Exact text from the filing
the Class I directors are Peter Platzer and Stephen Messer
View on SEC.gov
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