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Spire Global To Acquire ExactEarth - Quick Facts

Spire Global, Inc. (SPIR) has agreed to acquire exactEarth Ltd. (XCT.TO) for approximately $161.2 million in a cash and stock deal. The consideration is comprised of approximately $103.4 million in cash and $57.8 million in Spire's class A common Stock. On completion, the former shareholders of exactEarth will hold approximately 3.8% of Spire.

exactEarth is a provider of global maritime vessel data for ship tracking and maritime situational awareness solutions. exactEarth sells to 39 countries. Spire Global expects the acquisition to to be accretive on both a revenue basis and an adjusted EBITDA basis. The deal increases Spire's customer base by over 75%.

Spire Global noted that the The directors, officers and certain shareholders of exactEarth, collectively holding approximately 60% of its outstanding common shares, have entered into voting support agreements.

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