Spire Global, Inc. October 21, 2024 Lead Plaintiff Deadline – SPIR Stockholders Should Contact Robbins LLP for Information

Core Viewpoint - A class action lawsuit has been filed against Spire Global, Inc. for allegedly misleading investors regarding revenue recognition related to its Space Services contracts [1][2]. Allegations - 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, Spire Global is accused of overstating revenue for certain Space Services contracts [2] Impact of the Announcement - On August 14, 2024, Spire Global announced it would be unable to timely file its Q2 2024 financial report due to a review of its accounting practices related to revenue recognition [3] - The company identified that the contracts under reevaluation resulted in recognized revenue of $10 to $15 million annually, with potential impacts on additional financial measures such as gross profit [3] - Following this announcement, the company's share price fell by $3.41, or 33.56%, closing at $6.75 per share on August 15, 2024 [3] Class Action Participation - Shareholders interested in serving as lead plaintiffs must submit their applications by October 21, 2024 [4] - Participation in the case is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4] About Robbins LLP - Robbins LLP is a recognized leader in shareholder rights litigation, having recovered over $1 billion for shareholders since its inception in 2002 [6]