{"id":742629,"date":"2023-03-24T17:03:15","date_gmt":"2023-03-24T21:03:15","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/spire-global-receives-continued-listing-standards-notice-from-the-nyse\/"},"modified":"2023-03-24T17:03:15","modified_gmt":"2023-03-24T21:03:15","slug":"spire-global-receives-continued-listing-standards-notice-from-the-nyse","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/spire-global-receives-continued-listing-standards-notice-from-the-nyse\/","title":{"rendered":"Spire Global Receives Continued Listing Standards Notice from the NYSE"},"content":{"rendered":"

<\/p>\n

Spire Global Receives Continued Listing Standards Notice from the NYSE<\/b><\/p>\n

VIENNA, Va.–(BUSINESS WIRE<\/a>)–Spire Global, Inc.<\/a> (NYSE: SPIR) (\u201cSpire\u201d or \u201cthe Company\u201d), a leading global provider of space-based data, analytics and space services, was notified today by the New York Stock Exchange (\u201cNYSE\u201d) that the Company is not in compliance with Rule 802.01C of the NYSE\u2019s Listed Company Manual (\u201cRule 802.01C\u201d) relating to the minimum average closing price of the Company\u2019s Class A common stock required over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the Company\u2019s common stock from the NYSE.\n<\/p>\n

\nThe Company intends to notify the NYSE within 10 business days of its intent to regain compliance with Rule 802.01C. The Company can regain compliance at any time within the cure period if, on the last trading day of any calendar month during the cure period, the common stock has a closing share price of at least $1.00 and an average closing share price of at least $1.00 over the 30 trading-day period ending on the last trading day of that month. The Company intends to consider available alternatives, including, but not limited to, a reverse stock split, subject to stockholder approval at the Company\u2019s next annual meeting of stockholders, to regain compliance.\n<\/p>\n

\nDuring this time, the Company\u2019s common stock will continue to be listed on the NYSE, subject to the Company\u2019s compliance with other NYSE continued listing requirements.\n<\/p>\n

About Spire Global, Inc.<\/b><\/p>\n

\nSpire (NYSE: SPIR) is a leading global provider of space-based data, analytics and space services, offering access to unique datasets and powerful insights about Earth from the ultimate vantage point so that organizations can make decisions with confidence, accuracy, and speed. Spire uses one of the world\u2019s largest multipurpose satellite constellations to source hard to acquire, valuable data and enriches it with predictive solutions. Spire then provides this data as a subscription to organizations around the world so they can improve business operations, decrease their environmental footprint, deploy resources for growth and competitive advantage, and mitigate risk. Spire gives commercial and government organizations the competitive advantage they seek to innovate and solve some of the world\u2019s toughest problems with insights from space. Spire has eight offices across the U.S., Canada, UK, Luxembourg and Singapore. To learn more, visit www.spire.com<\/a>.\n<\/p>\n

Cautionary Note Regarding Forward-Looking Statements<\/strong><\/p>\n

\nThis communication contains \u201cforward-looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as \u201cestimate,\u201d \u201cplan,\u201d \u201cproject,\u201d \u201cforecast,\u201d \u201cintend,\u201d \u201cwill,\u201d \u201cshall,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cbelieve,\u201d \u201cseek,\u201d \u201ctarget,\u201d \u201ccontinue,\u201d \u201ccould,\u201d \u201cmay,\u201d \u201cmight,\u201d \u201cpossible,\u201d \u201cpotential,\u201d \u201cpredict\u201d or other similar expressions that predict or indicate future events or trends that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the Company\u2019s ability to regain compliance with Rule 802.01C within the applicable cure periods. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of the Company\u2019s management. These forward-looking statements are not intended to serve as, and must not be relied on by an investor as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual circumstances or events are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of the Company. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the heading \u201cRisk Factors\u201d in Part I, Item 1A. of the Company\u2019s Annual Report on Form 10-K for the year ended December 31, 2022, as well as other documents the company has filed or will file with the Securities and Exchange Commission. If any of these risks materialize or the Company\u2019s assumptions prove incorrect, actual results could differ materially from the results implied in these forward-looking statements. There may be additional risks that the Company currently does not know or that the Company currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect the Company\u2019s expectations, plans or forecasts of future events and views as of the date of this communication. The Company anticipates that subsequent events and developments will cause the Company\u2019s assessment to change. Spire undertakes no obligation, and does not intend, to update the information contained in this press release, except as required by law. These forward-looking statements should not be relied upon as representing the Company\u2019s assessment as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230324005388\/en\/<\/a><\/span><\/p>\n

For Investors:
\n<\/b>
Benjamin Hackman
\n
Head of Investor Relations
\n
Benjamin.Hackman@spire.com<\/a><\/p>\n

For Media:
\n<\/b>
Kristina Spychalski
\n
Director of Communications
\n
Kristina.Spychalski@spire.com<\/a><\/p>\n

KEYWORDS:<\/b> Virginia United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Research Environment Technology Finance Satellite Professional Services Aerospace Manufacturing Data Analytics Science<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Spire Global Receives Continued Listing Standards Notice from the NYSE VIENNA, Va.–(BUSINESS WIRE)–Spire Global, Inc. (NYSE: SPIR) (\u201cSpire\u201d or \u201cthe Company\u201d), a leading global provider of space-based data, analytics and space services, was notified today by the New York Stock Exchange (\u201cNYSE\u201d) that the Company is not in compliance with Rule 802.01C of the NYSE\u2019s Listed Company Manual (\u201cRule 802.01C\u201d) relating to the minimum average closing price of the Company\u2019s Class A common stock required over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the Company\u2019s common stock from the NYSE. The Company intends to notify the NYSE within 10 business days of its intent to regain compliance with Rule 802.01C. The Company … <\/p>\n

Continue reading “Spire Global Receives Continued Listing Standards Notice from the NYSE”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-742629","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSpire Global Receives Continued Listing Standards Notice from the NYSE - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/spire-global-receives-continued-listing-standards-notice-from-the-nyse\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spire Global Receives Continued Listing Standards Notice from the NYSE - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Spire Global Receives Continued Listing Standards Notice from the NYSE VIENNA, Va.–(BUSINESS WIRE)–Spire Global, Inc. (NYSE: SPIR) (\u201cSpire\u201d or \u201cthe Company\u201d), a leading global provider of space-based data, analytics and space services, was notified today by the New York Stock Exchange (\u201cNYSE\u201d) that the Company is not in compliance with Rule 802.01C of the NYSE\u2019s Listed Company Manual (\u201cRule 802.01C\u201d) relating to the minimum average closing price of the Company\u2019s Class A common stock required over a consecutive 30 trading-day period. The notice does not result in the immediate delisting of the Company\u2019s common stock from the NYSE. The Company intends to notify the NYSE within 10 business days of its intent to regain compliance with Rule 802.01C. 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