Spire Global Shares Decline on Private Placement News

Dow Jones

Mar 13, 2025

By Denny Jacob

Spire Global shares declined 8.2% in premarket trading following a private placement.

Shares were trading around $9.40. The stock is down 13% over the last year.

The provider of space-based data, analytics and space services said the private placement is expected to result in gross proceeds of about $40 million before fees and expenses, which it intends to use for working capital and general corporate purposes.

The private placement is expected to close on or about March 14, said Spire.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

March 13, 2025 09:08 ET (13:08 GMT)

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