Why Spire Global Stock Just Crashed 50%

Spire Global (NYSE: SPIR) stock crashed 49.7% through 11:11 a.m. ET Wednesday, and a lot of investors are wondering why right now. What the heck is going on? There's neither a single press release about this nor anything on the company's website to explain the disaster.Lucky for you, I've found the answer.In a Securities and Exchange Commission 8-k filing last night, Spire Global warned investors about a major risk to their investment. Remember how, back in November, Spire Global said it was selling its maritime ship-tracking business to Belgian analytics company Kpler? Remember that Spire was counting on Kpler to pay $241 million for the business and that Spire planned to use that money to pay off all its debts?Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool