Spire Global, Inc. Form 8-K Filing
On April 8, 2026, Spire Global, Inc. entered into a securities purchase agreement for a private placement of 5,000,000 shares of Class A common stock at $14.00 per share, totaling $70.0 million in gross proceeds. The company plans to use these proceeds for working capital and general corporate purposes. The agreement includes restrictions on issuing new stock or convertible securities for 90 days post-registration statement effectiveness, and executive officers and directors are subject to lock-up agreements for 90 days post-closing. Spire Global also entered into a registration rights agreement, obligating them to file a resale registration statement by April 23, 2026. The transaction was conducted under Section 4(a)(2) of the Securities Act and Rule 506 of Regulation D, exempting it from public offering registration requirements, with purchasers represented as accredited investors. The company also issued a press release on April 9, 2026, announcing the private placement. The filing incorporates exhibits detailing the Securities Purchase Agreement and the Registration Rights Agreement.