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Spire Global Completes Sale of Maritime Business; Debt Eliminated

1. Spire Global sold its maritime business for $233.5 million to Kpler. 2. Proceeds were used to retire debt and fund future growth initiatives.

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FAQ

Why Bullish?

The sale improves SPIR's balance sheet by eliminating debt, enabling growth. Historically, debt reduction has correlated with positive stock performance in tech firms.

How important is it?

This corporate action signifies a strategic shift and financial strengthening, likely favoring investor sentiment.

Why Short Term?

Immediate debt retirement and potential investment in growth are near-term catalysts.

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KPLRSPCEMSCI
VIENNA, Va.--(BUSINESS WIRE)---- $SPIR--Spire Global, Inc. (NYSE: SPIR) (“Spire” or “the Company”), 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 gr.

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