NYSE: SPIR Lawsuit Notice: Investors Who Lost Money With Shares of Spire Global, Inc. (NYSE: SPIR) Should Contact the Shareholders Foundation

SAN DIEGO, CA, September 25, 2024 (Newswire.com) - A lawsuit is pending for certain investors in Spire Global, Inc. (NYSE:SPIR) shares. Investors in NYSE: SPIR shares should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554

The Shareholders Foundation, Inc. announces that a lawsuit is pending for certain investors in Spire Global, Inc. (NYSE:SPIR) shares.

Investors who purchased shares of Spire Global, Inc. (NYSE: SPIR) prior to August 2022 and continue to hold any of those NYSE: SPIR shares have also certain options and should contact the Shareholders Foundation at [email protected] or call +1(858) 779 - 1554.

On August 14, 2024, following the market close, Spire Global, Inc. publicly disclosed that its 10-Q filing for the quarter ending June 30 would be delayed, notifying the Securities and Exchange Commission (SEC) of this postponement. Alongside this announcement, Spire revealed plans to reschedule its second-quarter results conference call, indicating that the new date and time for this call will be established once the filing date for its Form 10-Q is confirmed.

On August 220, 2024, an investor in NYSE: SPIR shares filed a lawsuit against Spire Global, Inc. over alleged securities laws violations. The plaintiff alleged that the defendants failed to disclose to investors: that there were embedded leases of identifiable assets and pre-space mission activities for certain Space Services contracts, that Spire Global lacked effective internal controls regarding revenue recognition for these contracts, that, as a result, the Company overstated revenue for certain Space Services contracts, and that, 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.

Those who purchased Spire Global, Inc. (NYSE: SPIR) shares should contact the Shareholders Foundation, Inc.

CONTACT:

Shareholders Foundation, Inc.
Michael Daniels
+1 (858) 779-1554
[email protected]
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact Information

Michael Daniels
Manager
[email protected]
858-779-1554

SOURCE: Shareholders Foundation, Inc.

Source: Shareholders Foundation, Inc.