Spire Global, Inc.

Spire Global, Inc. has appointed Eric Mellinger as its new Chief Commercial Officer, effective August 3, 2026. Mr. Mellinger will lead the company's global commercial organization, focusing on go-to-market strategy, sales, and customer growth. His compensation includes an annual base salary of $385,000, a target annual cash bonus of 80% of his base salary, and a grant of 150,000 restricted stock units. Mr. Mellinger brings extensive experience from Mantech International Corporation, where he significantly grew their defense and space sector business.

Spire Global, Inc. announced that Celia Pelaz, its Chief Operating Officer, will resign effective September 30, 2026, to pursue a new opportunity. The company stated that it does not intend to replace the COO position, citing significant operational improvements under Ms. Pelaz's leadership. Instead, Spire Global plans to focus on growth by initiating a search for a Chief Commercial Officer.

Spire Global, Inc. reported a significant decrease in Q1 2026 revenue, falling 34% to $15.8 million, and an increased net loss of $(25.8) million. The company also disclosed a material subsequent event: the termination of a customer contract on April 23, 2026, which will result in $42.3 million of previously expected future revenue not being recognized. To address liquidity, Spire Global completed a private placement in April 2026, raising approximately $65.5 million in net proceeds. Net cash used in operating activities increased substantially to $(26.2) million.

Spire Global announced its first quarter 2026 financial results, reporting revenue of $15.8 million, which exceeded the high end of its guidance range. While total revenue decreased 34% year-over-year due to the maritime business divestment, revenue excluding maritime business grew 13% year-over-year. The company posted a net loss of $25.8 million and adjusted EBITDA of ($10.2) million, both above the high end of guidance, and also raised $70.0 million in April 2026 for working capital and growth initiatives. Spire also provided full-year 2026 guidance, expecting significant growth in ex-maritime revenue.

Spire Global, Inc. filed an S-1 registration statement for the resale of up to 5,000,000 shares of its Class A common stock by identified selling stockholders. These shares were acquired in a private placement on April 10, 2026, at a purchase price of $14.00 per share, resulting in $70.0 million in gross proceeds for the company. Spire Global will not receive any proceeds from the resale of these shares by the selling stockholders. The company's Class A common stock is traded on the NYSE under the symbol "SPIR", with a last quoted sale price of $18.74 per share on April 21, 2026.

Spire Global's Canadian subsidiary, Spire Global Canada Subsidiary Corp., received notice on April 23, 2026, terminating its contract with the Canadian government. The contract, valued at C$71.8 million if all milestones were achieved, was for the design and development of the WildFireSat constellation of satellites. The termination was for convenience and effective immediately, though the company may submit a settlement proposal for costs by May 7, 2026.

Spire Global, Inc. has entered into a Securities Purchase Agreement dated April 8, 2026, with various purchasers. Under this agreement, the company intends to issue and sell its securities to these purchasers. The transaction is being conducted pursuant to Section 4(a)(2) of the Securities Act and Rule 506, indicating a private placement of securities.