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Stock impact report

Spire Global falls after filing complaint over Kpler deal not being consummated [Yahoo! Finance]

Spire Global, Inc. Class A (SPIR) 
US:NASDAQ Investor Relations: spireenergy.com/investors
Company Research Source: Yahoo! Finance
3 min read In This Article SPIR https://www.tipranks.com/news/the-fly/spire-global-falls-after-filing-complaint-over-kpler-deal-not-being-consummated Shares of Spire Global ( SPIR ) have fallen $9.89, or 50%, to $9.96 in morning trading after the company disclosed in a regulatory filing earlier that Kpler Holding has failed to consummate the closing of an agreed upon deal. In the filing, the company stated: “As previously disclosed, on November 13, 2024, Spire Global, Inc. entered into a Share Purchase Agreement with Kpler Holding SA, a Belgian corporation, pursuant to which the company agreed to sell its maritime business to the buyer and enter into certain ancillary agreements. The maritime business to be sold pursuant to the transactions does not include any part of the company's satellite network or operations. The purchase price to be paid by buyer to the company at the closing of the transactions is a cash payment based upon an enterprise value of $233.5M, subject to cu Show less Read more
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