{"id":842283,"date":"2025-04-25T16:11:13","date_gmt":"2025-04-25T20:11:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/spire-global-completes-sale-of-maritime-business-debt-eliminated\/"},"modified":"2025-04-25T16:11:13","modified_gmt":"2025-04-25T20:11:13","slug":"spire-global-completes-sale-of-maritime-business-debt-eliminated","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/spire-global-completes-sale-of-maritime-business-debt-eliminated\/","title":{"rendered":"Spire Global Completes Sale of Maritime Business; Debt Eliminated"},"content":{"rendered":"

<\/p>\n

Spire Global Completes Sale of Maritime Business; Debt Eliminated<\/b><\/p>\n

VIENNA, Va.–(BUSINESS WIRE<\/a>)–Spire Global, Inc.<\/a> (NYSE: SPIR) (\u201cSpire\u201d or \u201cthe Company\u201d), a global provider of space-based data, analytics and space services, completed the previously announced<\/a> sale of its maritime business to Kpler for approximately $233.5 million, before adjustments, plus a $7.5 million agreement for services over a twelve-month period, post close. Spire used the proceeds of the sale to retire all outstanding debt. The remaining proceeds will be used to invest in near-term growth opportunities.\n<\/p>\n

Forward Looking Statements<\/b><\/p>\n

\nThis press release contains forward-looking statements, including information about Spire\u2019s intended use of the proceeds of the sale of its maritime business to Kpler, management’s view of Spire\u2019s future expectations, plans and prospects, including management\u2019s views regarding future execution within Spire\u2019s business, and the opportunity management sees in Spire\u2019s industry, within the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. These statements involve known and unknown risks, uncertainties and other factors which may cause the results of Spire to be materially different than those expressed or implied in such statements. Certain of these risk factors and others are included in documents Spire files with the Securities and Exchange Commission, including but not limited to, Spire\u2019s Annual Report on Form 10-K\/A for the year ended December 31, 2024, as well as subsequent reports filed with the Securities and Exchange Commission. Other unknown or unpredictable factors also could have material adverse effects on Spire\u2019s future results. The forward-looking statements included in this press release are made only as of the date hereof. Spire cannot guarantee future results, levels of activity, performance or achievements. Accordingly, you should not place undue reliance on these forward-looking statements. Finally, Spire expressly disclaims any intent or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.\n<\/p>\n

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

\nSpire (NYSE: SPIR) is a global provider of space-based data, analytics and space services, offering unique datasets and powerful insights about Earth so that organizations can make decisions with confidence in a rapidly changing world. Spire builds, owns, and operates a fully deployed satellite constellation that observes the Earth in real time using radio frequency technology. The data acquired by Spire\u2019s satellites provides global weather intelligence, ship and plane movements, and spoofing and jamming detection to better predict how their patterns impact economies, global security, business operations and the environment. Spire also offers Space as a Service solutions that empower customers to leverage its established infrastructure to put their business in space. Spire has nine offices across the U.S., Canada, UK, Luxembourg, Germany and Singapore. To learn more, visit spire.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250425734579\/en\/<\/a><\/span><\/p>\n

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

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

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

INDUSTRY KEYWORDS:<\/b> Satellite Data Analytics Hardware Data Management Professional Services Technology Maritime Transport<\/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 Completes Sale of Maritime Business; Debt Eliminated VIENNA, Va.–(BUSINESS WIRE)–Spire Global, Inc. (NYSE: SPIR) (\u201cSpire\u201d or \u201cthe Company\u201d), a global provider of space-based data, analytics and space services, completed the previously announced sale of its maritime business to Kpler for approximately $233.5 million, before adjustments, plus a $7.5 million agreement for services over a twelve-month period, post close. Spire used the proceeds of the sale to retire all outstanding debt. The remaining proceeds will be used to invest in near-term growth opportunities. Forward Looking Statements This press release contains forward-looking statements, including information about Spire\u2019s intended use of the proceeds of the sale of its maritime business to Kpler, management’s view of Spire\u2019s future expectations, plans and prospects, … <\/p>\n

Continue reading “Spire Global Completes Sale of Maritime Business; Debt Eliminated”<\/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-842283","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nSpire Global Completes Sale of Maritime Business; Debt Eliminated - 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-completes-sale-of-maritime-business-debt-eliminated\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Spire Global Completes Sale of Maritime Business; Debt Eliminated - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Spire Global Completes Sale of Maritime Business; Debt Eliminated VIENNA, Va.–(BUSINESS WIRE)–Spire Global, Inc. (NYSE: SPIR) (\u201cSpire\u201d or \u201cthe Company\u201d), a global provider of space-based data, analytics and space services, completed the previously announced sale of its maritime business to Kpler for approximately $233.5 million, before adjustments, plus a $7.5 million agreement for services over a twelve-month period, post close. Spire used the proceeds of the sale to retire all outstanding debt. The remaining proceeds will be used to invest in near-term growth opportunities. Forward Looking Statements This press release contains forward-looking statements, including information about Spire\u2019s intended use of the proceeds of the sale of its maritime business to Kpler, management’s view of Spire\u2019s future expectations, plans and prospects, … Continue reading "Spire Global Completes Sale of Maritime Business; Debt Eliminated"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/spire-global-completes-sale-of-maritime-business-debt-eliminated\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-25T20:11:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20250425734579r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/spire-global-completes-sale-of-maritime-business-debt-eliminated\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/spire-global-completes-sale-of-maritime-business-debt-eliminated\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Spire Global Completes Sale of Maritime Business; 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