Spire Global wins $12.4M arbitration award against NorthStar; all claims dismissed

Spire Global, Inc.

• Arbitral tribunal awarded Spire ~$12.4M, dismissing NorthStar's $45.9M claims for breach and fraud.
• Tribunal granted Spire's counterclaims on $4.5M promissory note and arbitration costs.
• Award is final and binding; payment immediately due from NorthStar.
• Spire evaluating timing and amount of recovery; no prediction given.