Spire Global (SPIR) entered into a securities purchase agreement for a private placement that is expected to result in gross proceeds of approximately $70M to the Company before deducting placement agent fees and offering expenses. The private placement is expected to close on or about April 10, 2026, subject to the satisfaction of customary closing conditions. Pursuant to the terms of the securities purchase agreement, Spire is selling an aggregate of 5M shares of its Class A common stock at a purchase price of $14.00 per share. Craig-Hallum Capital Group acted as the sole placement agent for the private placement.
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