secwatch.observer — SEC 8-K summary
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Issuer:     Spire Global, Inc. (SPIR)
CIK:        0001816017
Form:       8-K
Filed at:   2021-08-20T23:59:59+00:00
Accession:  0001193125-21-252886
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.90
Item codes: 1.01, 2.01, 9.01, 5.02, 3.02, 4.01, 3.01, 3.03, 5.03, 5.01, 5.05, 5.06, 7.01, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Spire Global completes SPAC merger with NavSight; H1 2021 revenue $18.8M (+34%)
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816017/000119312521252886/0001193125-21-252886-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816017/000119312521252886/d212407d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-252886

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer