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).

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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