Spire Global (SPIR) said Friday it completed the sale of its maritime segment to Kpler for about $233.5 million, before adjustments, plus a $7.5 million agreement for services over a 12-month period, post close.
The proceeds of the deal were used to retire all of Spire's debt, the company said, adding the rest of the proceeds will be used to invest in "near-term growth opportunities."
Spire shares were rising 1.7% in recent after-hours activity.
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