SPIR Investors Have Opportunity to Lead Spire Global, Inc. Securities Fraud Lawsuit

NEW YORK, Sept. 21, 2024 /PRNewswire/ —

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Spire Global, Inc. (NYSE: SPIR) between March 6, 2024 and August 14, 2024, both dates inclusive (the “Class Period”), of the important October 21, 2024 lead plaintiff deadline.

So what: If you purchased Spire Global securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Spire Global class action, go to https://rosenlegal.com/submit-form/?case_id=28159 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 21, 2024. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Details of the case: According to the lawsuit, during the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) there were embedded leases of identifiable assets and pre-space mission activities for certain Space Services contracts; (2) Spire Global lacked effective internal controls regarding revenue recognition for these contracts; (3) as a result, Spire Global overstated revenue for certain Space Services contracts; and (4) as a result of the foregoing, defendants’ positive statements about Spire Global’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Spire Global class action, go to https://rosenlegal.com/submit-form/?case_id=28159 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      [email protected]
      www.rosenlegal.com

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