** Spire Global's SPIR.N shares fall as much as 11.5%, hitting their lowest since late October
** Virginia-based SPIR, a provider of space-based data, analytics and space services, announces $40 million private placement
** SPIR is selling about 5 million shares or pre-funded warrants at $8 apiece
** Purchase price represent a 22% discount to stock's last close
** Craig-Hallum Capital was the sole placement agent for the private placement
** SPIR has ~27.2 million shares outstanding for $279 million market cap - data compiled by LSEG
** Co will use the proceeds for working capital and general purposes
** Stock down 33% YTD after soaring 79.9% in 2024
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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