Spire Global faces uncertainty despite potential Kpler deal

Spire Global is facing financial challenges with $131 million in debt and only $64 million in cash. The company planned to sell its maritime subsidiary to Kpler for $241 million to eliminate its debt, but Kpler initially hesitated to complete the deal. After filing a lawsuit against Kpler, Spire reported strong third-quarter earnings, with a 29% increase in sales and positive cash flow. Despite this, the company did not mention the Kpler deal in its earnings release, leading to investor uncertainty. Recently, Kpler indicated it intends to finalize the purchase by mid-April, which would leave Spire debt-free. However, Spire's stock price has not reacted positively, remaining significantly lower than before the deal was announced.