Johnson Fistel Announces it has Initiated a Class Action Investigation into Spire Global

Core Viewpoint - Johnson Fistel, LLP is investigating potential violations of securities laws by Spire Global Inc. and its executives regarding the misrepresentation or failure to disclose material adverse information to investors [1][3]. Investigation Details - The investigation was initiated after Spire announced on August 14, 2024, that its 10-Q filing for the quarter ending June 30 would be delayed, which was communicated to the SEC [3]. - Spire also indicated plans to reschedule its second-quarter results conference call, pending confirmation of the filing date for its Form 10-Q [3]. Market Reaction - Following the announcement of the delayed filing, Spire's stock experienced a significant decline, trading down 40% during early morning trading on August 15, 2024 [4].