Kaplan Fox & Kilsheimer LLP is Investigating Spire Global, Inc. (SPIR) After Delay in Filing Form 10-Q with the U.S. Securities and Exchange Commission

NEW YORK, NY - (NewMediaWire) - August 15, 2024 - Kaplan Fox & Kilsheimer LLP is investigating potential securities violations against Spire Global, Inc. (SPIR) (“Spire Global” or the “Company”) (NYSE: SPIR).

CLICK HERE TO RECEIVE MORE INFORMATION ABOUT THIS INVESTIGATION

If you are an investor in Spire Global and have suffered losses, you may click here to contact us. You may also contact Kaplan Fox by emailing pmayer@kaplanfox.com or by calling (646) 315-9003.

On August 14, 2024, after the market closed, Spire Global disclosed in a filing with the U.S. Securities and Exchange Commission (“SEC”) that it is “unable to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 [] within the prescribed time frame” and “in the process of reviewing its accounting practices and procedures with respect to revenue recognition related to certain contracts in its ‘Space as a Service’ business under applicable accounting standards and guidance.” Additionally, Spire Global’s SEC filing states that “[t]he Company is also considering any related internal control matters associated with the Contracts” and that “[d]epending on the results of this review, the Company may be required to restate or revise its previously issued financial statements.”

On this news, the price of Paragon stock fell $3.41 per share, over 33%, to close at $6.75 per share on August 15, 2024.

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If you have any questions about this investigation, please contact:

Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
E-mail: pmayer@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1560
Oakland, California 94612
(415) 772-4704
Fax:  (415) 772-4707
E-mail: lking@kaplanfox.com