Spire Global (SPIR) has released an update to notify the public and investors about an entry into a material definitive agreement.
Spire Global, Inc. and Signal Ocean Ltd have completed a private transaction where Signal Ocean acquired 833,333 shares of Spire Global at $12.00 per share, resulting in a $10 million boost for the company. This deal included typical assurances and legal promises and also requires Spire Global to file a registration statement for the shares to be resold, adding potential future liquidity for Signal Ocean’s investment.
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For a comprehensive understanding of the announcement, you can read the full document here.
