Spire Global is a space-to-cloud data and analytics company that operates one of the world's largest multipurpose satellite constellations. They specialize in tracking global data sets, including maritime, aviation, and weather patterns, using a fleet of over 100 CubeSats. Spire provides data and analytics to various industries and government entities like NASA, ESA, and NOAA, offering services such as maritime tracking, aviation surveillance, and weather forecasting. Their key products include Spire Sense Cloud, Spire AirSafe, and Spire Stratos, and they also offer "Space as a Service" solutions.
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Spire is acquiring exactEarth for about $161,200,000 through a mix of cash and stock.
Spire experienced a redemption rate of about 90% when it closed its SPAC deal on 2021-08-16.
The Spire–NavSight merger raised $265,000,000 in cash for investing in sales, marketing, and product development operations to expand globally.
The total transaction consideration of CAD$204,200,000 (US$161,200,000) comprises approximately CAD$130,900,000 (US$103,400,000) in cash and CAD$73,200,000 (US$57,800,000) in Spire Class A Common Stock.
Based on the 10-day volume weighted average price of Spire Class A Common Stock of US$11.0223 (CAD$13.9564) on 2021-09-13, the total per share consideration for exactEarth shareholders is CAD$3.90 (US$3.08) per common share.
Under the plan of arrangement, exactEarth common shareholders will receive CAD$2.5009 (US$1.9751) in cash and 0.1 share of Spire Class A Common Stock for each exactEarth common share held.
Based on the 10-day volume weighted average price of Spire’s Class A Common Stock of US$11.0223 (CAD$13.9564) on 2021-09-13, the total per share consideration represents CAD$3.90 (US$3.08) per exactEarth common share.
Spire Global, Inc. will acquire exactEarth Ltd. for approximately US$161,200,000 (CAD$204,200,000) in cash and stock.
Spire Global is based in Vienna, Virginia and provides data-gathering and analysis services in maritime and other markets with more than 110 Lemur satellites in low Earth orbit.
Spire Global, Inc. will acquire exactEarth Ltd. for approximately $161,200,000 (CAD$204,200,000) in cash and stock.
Spire Global is acquiring Canadian ship-tracking company exactEarth for about $161,200,000 through a mix of cash and stock.
The total transaction consideration of CAD$204,200,000 (US$161,200,000) comprises approximately CAD$130,900,000 (US$103,400,000) in cash and CAD$73,200,000 (US$57,800,000) in Spire Class A Common Stock.
Spire Global said the acquisition increases its customer base by more than 75%, adding over 150 S-AIS commercial and government customers across 39 countries.
Spire Global started trading on the New York Stock Exchange on 2021-08-17 after merging with NavSight, a special purpose acquisition company (SPAC).
Under the plan of arrangement, holders of exactEarth common shares will receive CAD$2.5009 (US$1.9751) in cash and 0.1 share of Spire Class A Common Stock for each exactEarth common share held.
Spire Global, Inc. (NYSE: SPIR) was awarded an order to provide commercial radio occultation weather data for NOAA’s operational Numerical Weather Prediction models.
NOAA will purchase Level 0 and Level 1 radio occultation profiles from Spire.
Astra’s launch services support customers that observe Earth, including Planet and Spire, which provide satellite data used to track phenomena such as deforestation and illegal fishing.
Spire Global initially projected raising $475,000,000 from its SPAC transaction.
Spire Global listed on the New York Stock Exchange on 2021-08-17 after merging with a SPAC and raised $265,000,000 from the transaction.