Shareholders who lost money on Spire Global, Inc. (SPIR) should contact Levi & Korsinsky regarding the upcoming class action lawsuit

NEW YORK, NY / ACCESSWIRE / October 20, 2024 / If you have suffered a loss Spire Global, Inc. (NYSE:SPIR) and learn more about a potential recovery under the federal securities laws, follow the link below for more information:

or contact Joseph E. Levi, Esq. by email [email protected] or call (212) 363-7500 to speak with our team of experienced shareholder attorneys.

THE LAWSUIT: A securities class action lawsuit has been filed against Spire Global, Inc. to recover losses suffered by shareholders resulting from alleged securities fraud between May 11, 2022 and August 27, 2024.

CASE DETAILS: The complaint filed alleges that defendants misrepresented and/or concealed that (1) certain space services contracts had embedded leases for identifiable assets and activities prior to space missions that enable customers to deploy their own applications and sensors to use satellite; (2) Spire Global did not have effective internal controls over the revenue recognition of these contracts; (3) as a result, the Company overstated revenues for certain space services contracts; and (4) as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

WHAT’S NEXT? If you have suffered a loss in Spire Global shares during the relevant period – even if you still hold your shares – find out what rights you have to seek redress here. There are no costs or obligations for participation.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally recognized securities litigation firm, securing hundreds of millions of dollars for injured shareholders and establishing a track record of winning high-stakes cases. The firm has extensive experience representing investors in complex securities disputes and a team of over 70 employees serving our clients. For seven consecutive years, Levi & Korsinsky has been ranked among the top securities litigation law firms in the United States in the ISS Securities Class Action Services Top 50 report. Lawyer advertising. Previous results do not guarantee similar results.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th floor
New York, NY 10004
[email protected]
Phone: (212) 363-7500
Fax: (212) 363-7171
https://zlk.com/

SOURCE: Levi & Korsinsky, LLP