Spire Global, Inc. Class Action Lawsuit - SPIR

The filed complaint alleges that Spire Global, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) there were embedded leases of identifiable assets and pre-space mission activities for certain Space Services contracts, which allows customers to deploy their own applications and sensors via satellite; (2) Spire Global lacked effective internal controls regarding revenue recognition for these contracts; (3) as a result, the Company overstated revenue for certain Space Services contracts; and (4) 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.

In order to be eligible to join the SPIR class action lawsuit, you must have incurred a loss on shares of Spire Global purchased during the class period listed above.

If you suffered a loss in Spire Global during the relevant time frame or pursuant to the relevant offering(s), you have until October 21, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.