Spire Global, Inc.

Registration Deadline:

10/21/2024

Submit Your Information

A securities class action has been filed in the USDC — E.D.VA. against Spire Global, Inc. (SPIR) (“Spire Global” or the “Company”), on behalf of all persons or entities that purchased or otherwise acquired Spire Global securities between March 6, 2024 and August 14, 2024, both dates inclusive (the “Class Period”).

 

Spire Global is a provider of satellite data, analytics and services. The Company operates a proprietary constellation of multi-purpose nanosatellites and provides subscription access to its data for a range of commercial applications such as shipping vessel monitoring, aviation guidance, and weather forecasting. The Company’s offering also includes “Space Services” which allows customers to deploy their own applications and sensors via satellite.

 

The complaint alleges throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors:

 

(1) that there were embedded leases of identifiable assets and pre-space mission activities for certain Space Services contracts;

(2) that Spire Global lacked effective internal controls regarding revenue recognition for these contracts;

(3) that, as a result, the Company overstated revenue for certain Space Services contracts; and

(4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis, thereby harming investors.

 

If you purchased Spire Global securities during the class period and would like to receive more information or join the action, please enter your contact information below for a FREE consultation and click “Submit Your Information”.

 

About Lowey Dannenberg

Lowey Dannenberg is a national firm representing institutional and individual investors, who suffered financial losses resulting from corporate fraud and malfeasance in violation of federal securities and antitrust laws. The firm has significant experience in prosecuting multi-million-dollar lawsuits and has previously recovered billions of dollars on behalf of investors.

If you suffered a loss on your investments or would like to inquire about joining an action to recover your loss under the federal securities laws, please complete the form below.

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