Core Viewpoint - A class action lawsuit has been filed against Spire Global, Inc. for failing to disclose significant issues related to revenue recognition and internal controls during a specific period, leading to a substantial decline in share price [1][2][3]. Group 1: Lawsuit Details - The lawsuit was filed in the U.S. District Court for the Eastern District of Virginia on behalf of investors who acquired Spire securities from March 6, 2024, to August 14, 2024 [1]. - Investors have until October 21, 2024, to apply to be appointed as lead plaintiff in the lawsuit [1]. Group 2: Financial Impact - On August 14, 2024, Spire announced it could not timely file its Q2 2024 financial report due to a review of its accounting practices regarding revenue recognition, affecting contracts in its "Space as a Service" business [2]. - The company identified that the contracts under re-evaluation resulted in recognized revenue of $10 to $15 million annually, with potential impacts on gross profit [2]. - Following this announcement, Spire's share price dropped by $3.41, approximately 33.5%, from $10.16 to $6.75 per share [2]. Group 3: Allegations in the Lawsuit - The lawsuit alleges that Spire failed to disclose the existence of embedded leases and pre-space mission activities for certain Space Services contracts [3]. - It claims that Spire lacked effective internal controls regarding revenue recognition for these contracts [3]. - The lawsuit further alleges that these issues led to an overstatement of revenue for certain Space Services contracts [3].

NEW YORK, Sept. 19, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Spire Global, Inc. (NYSE: SPIR). Shareholders who purchased shares of SPIR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/spire-global-inc-loss-submission-form/?id=103514&from=4 CLASS PERIOD: March 6, 2024 ...

NEW YORK, Sept. 12, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Spire Global, Inc. (NYSE: SPIR). Shareholders who purchased shares of SPIR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/spire-global-inc-loss-submission-form/?id=101891&from=4 CLASS PERIOD: March 6, 2024 ...

NEW YORK, Sept. 09, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP reminds investors that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of Virginia on behalf of those who acquired Spire Global, Inc. ("Spire" or the "Company") (NYSE: SPIR) securities during the period of March 6, 2024 through August 14, 2024, inclusive ("the Class Period"). Investors have until October 21, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit. [C ...

SAN DIEGO, Sept. 05, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Spire Global, Inc. (NYSE: SPIR) securities between March 6, 2024 and August 14, 2024. Spire Global is a provider of satellite data, analytics, and services. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. The Allegations: Robbins LLP is Investigating Allegations ...

NEW YORK, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC, a nationally recognized law firm, notifies investors that a class action lawsuit has been filed against Spire Global, Inc. ("Spire" or "the Company") (NYSE: SPIR) and certain of its officers. Class Definition This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Spire securiti ...

LOS ANGELES, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming October 21, 2024 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Spire Global, Inc. ("Spire Global" or the "Company") (NYSE: SPIR) securities between March 6, 2024 and August 14, 2024, inclusive (the "Class Period"). If you suffered a loss on your Spire Global investments or would like to inquire about potentially ...

NEWTOWN, Pa., Aug. 29, 2024 (GLOBE NEWSWIRE) -- Edelson Lechtzin LLP, a leading class action law firm, announces that investors of Spire Global, Inc. common stock (NYSE: SPIR) between March 6, 2024, and August 14, 2024, inclusive (the "Class Period") may seek appointment as lead plaintiff in the pending securities fraud class action lawsuit. A copy of the Complaint can be found HERE. Investors who purchased Spire Global stock may move the U.S. District Court for the Eastern District of Virginia to appoint t ...

SAN FRANCISCO, Aug. 29, 2024 (GLOBE NEWSWIRE) -- Hagens Berman urges Spire Global, Inc. (NYSE: SPIR) investors who suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge who may assist the investigation to contact its attorneys. Class Period: Mar. 6, 2024 – Aug. 14, 2024 Lead Plaintiff Deadline: Oct. 21, 2024 Visit: www.hbsslaw.com/investor-fraud/SPIR Contact the Firm Now: SPIR@hbsslaw.com | 844-916-0895 Class Action Lawsuit Against Spire Global, Inc. (SPIR): ...

Core Viewpoint - Investors in Spire Global, Inc. have the opportunity to lead a securities fraud class action lawsuit due to substantial losses incurred during the specified class period [1] Group 1: Class Action Details - The class period for the lawsuit is from March 6, 2024, to August 14, 2024 [1] - The deadline for investors to become lead plaintiffs is October 21, 2024 [1] - Investors suffering losses are encouraged to contact the Law Offices of Howard G. Smith for legal rights discussion [1] Group 2: Allegations Against Spire Global - The complaint alleges that Spire Global failed to disclose embedded leases of identifiable assets and pre-space mission activities for certain Space Services contracts [2] - It is claimed that the company lacked effective internal controls regarding revenue recognition for these contracts [2] - As a result of these issues, Spire Global is accused of overstating revenue for certain Space Services contracts, leading to materially misleading positive statements about its business and operations [2]