secwatch.observer — SEC 8-K summary
======================================

Issuer:     Spire Global, Inc. (SPIR)
CIK:        0001816017
Form:       8-K
Filed at:   2024-03-21T23:59:59+00:00
Accession:  0001193125-24-073990
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Spire Global raises $30M in registered direct offering; issues shares and warrants
--------------------------------------------------------------------------------

- Gross proceeds of $30M from sale of 2,142,858 shares at $14.00/share; warrants at $14.50 expire July 3, 2024.
- Warrants allow purchase of up to 2,142,858 additional shares; potential additional $31M if fully exercised.
- Proceeds to be used for debt repayment, working capital, and general corporate purposes.
- Offering expected to close March 25, 2024; A.G.P./Alliance Global Partners as placement agent.
- 100-day lock-up restricts further equity issuance by Spire after closing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1816017/000119312524073990/0001193125-24-073990-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1816017/000119312524073990/d798308d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-073990

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