By Connor Hart
Spire Global completed the sale of its maritime business and used the proceeds to pay off debt. Spire said it received about $233.5 million before adjustments from Kpler for its maritime business, plus a $7.5 million agreement for services over a 12-month period. Proceeds of the sale were used to retire all outstanding debt, and remaining proceeds will be used to invest in near-term growth opportunities. Spire shares rise 6.2%, to $11.30, in after-hours trading.
WW International, formerly known as Weight Watchers, received a letter from an activist investor arguing against a chapter 11 bankruptcy filing. Activist investor Galloway Capital Partners, which owns 2.87% of the company's stock, said the company's debt won't mature until 2028 and 2029, and that filing for bankruptcy wouldn't make sense. The weight-loss-program company's shares climbed 168%, to 40 cents, in market trading Friday, before retreating 3%, to 38 cents, after the close.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
April 25, 2025 18:27 ET (22:27 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.