Spire Global Files Form S-3 Shelf Registration Statement
Spire Global, Inc. (NYSE: SPIR) has filed an S-3 shelf registration statement with the SEC, allowing it to issue various securities totaling up to $180 million. This includes an ATM offering for up to $85 million of Class A common stock. Although the registration statement is filed, it has not yet taken effect, meaning the securities cannot be sold or offered until then. Potential investors are advised to review the related prospectus available on the SEC’s website for complete information.
- Potential to raise up to $180 million through diverse security offerings.
- Includes an ATM offering prospectus for $85 million, enhancing liquidity options.
- The registration has not yet become effective, delaying potential fundraising.
- Dilution risk for existing shareholders if new stock is issued.
The registration statement has been filed with the
This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor may there be any sale of Spire’s Class A common stock or other securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to the effectiveness of the registration statement with the
About
Spire (NYSE: SPIR) is a leading global provider of space-based data, analytics and space services, offering access to unique datasets and powerful insights about Earth from the ultimate vantage point so that organizations can make decisions with confidence, accuracy, and speed. Spire uses one of the world’s largest multi-purpose satellite constellations to source hard to acquire, valuable data and enriches it with predictive solutions. Spire then provides this data as a subscription to organizations around the world so they can improve business operations, decrease their environmental footprint, deploy resources for growth and competitive advantage, and mitigate risk. Spire gives commercial and government organizations the competitive advantage they seek to innovate and solve some of the world’s toughest problems with insights from space. Spire has offices in
Safe Harbor Statement
This communication contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forcast,” “intend,” “will,” “shall,” “expect,” “anticipate,” “believe,” “seek,” “target,” “continue,” “could,” “may,” “might,” “possible,” “potential,” “predict” or other similar expressions that predict or indicate future events or trends that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding plans and expectations with respect to the registration statement on Form S-3 and any potential future offering or capital raises, including the ATM offering. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of the Company’s management. These forward-looking statements are not intended to serve as, and must not be relied on by an investor as, a guarantee, an assurance, or a definitive statement of fact or probability. Actual circumstances or events are difficult or impossible to predict and may differ from these forward-looking statements. Many actual events and circumstances are beyond the control of the Company. These forward-looking statements are subject to a number of risks and uncertainties, including those factors discussed under the heading “Risk Factors” in Part II, Item 1A of the Company’s Quarterly Report on Form 10-Q for the quarter ended
View source version on businesswire.com: https://www.businesswire.com/news/home/20220914005983/en/
For Media:
Head of Communications
Hillary.Yaffe@spire.com
For Investors:
Head of Investor Relations
Benjamin.Hackman@spire.com
Source:
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