Spire Global announced that it has entered into securities purchase agreements with two institutional investors for the purchase and sale of 2,142,858 shares of Class A stock at $14 per share under a registered direct offering, resulting in gross proceeds of approximately $30 million, before deducting placement agent commissions and other expenses.
The company is a global provider of space-based data, analytics and space services.
The closing of the offering is expected to occur on or about March 25, 2024, subject to the satisfaction of customary closing conditions.
In addition, the company has issued the investors an option to acquire up to an additional 2,142,858 shares of Class A stock at $14.50 per share until the date that is 100 days from the date of the closing of the offering, resulting in additional gross proceeds of approximately $31 million, if exercised. Read more.
