Spire Global Enters Into Waiver And Amendment To Its Current Financing Agreement With Blue Torch Capital
Portfolio Pulse from Benzinga Newsdesk
Spire Global has entered into a waiver and amendment to its financing agreement with Blue Torch Capital, requiring a $10 million payment towards its term loans by August 31, 2024. As of June 30, 2024, Spire Global had $46 million in cash and equivalents.
August 29, 2024 | 10:48 am
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Spire Global has amended its financing agreement with Blue Torch Capital, necessitating a $10 million payment by August 31, 2024. The company has $46 million in cash and equivalents as of June 30, 2024.
The amendment to the financing agreement indicates a need for Spire Global to manage its debt obligations, but the company has sufficient cash reserves to meet the $10 million payment. This news is important for investors monitoring the company's financial health, but it does not indicate immediate positive or negative impacts on the stock price.
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