Document And Entity Information - shares |
6 Months Ended | |
|---|---|---|
Jun. 30, 2022 |
Jul. 29, 2022 |
|
| Document Information [Line Items] | ||
| Document Type | 10-Q/A | |
| Document Period End Date | Jun. 30, 2022 | |
| Amendment Description | Spire Global, Inc. (the “Company”) is filing this Amendment No. 1 on Form 10-Q/A ("Form 10-Q/A") to its Quarterly Report on Form 10-Q for the period ended June 30, 2022 (the “Original Form 10-Q”), as originally filed with the U.S. Securities and Exchange Commission (the “SEC”) on August 10, 2022, to amend and restate the Original Form 10-Q as further described below.As disclosed in the Company’s Current Report on Form 8-K, as filed with the SEC on October 25, 2022, the Company is restating its previously issued unaudited condensed consolidated financial statements as of and for the three and six months ended June 30, 2022. Subsequent to the filing of the Original Form 10-Q, the Company discovered that an incorrect number had been used in the calculation of the fair value of the contingent earnout liability following the consummation of the reverse capitalization transaction on August 16, 2021. As a result, the Company’s contingent earnout liability was overstated by approximately $9.9 million as of June 30, 2022. For the three and six months ended June 30, 2022, the gain recorded on the change in fair value of the contingent earnout liability was understated by approximately $2.2 million and $8.6 million, respectively. For the three and six months ended June 30, 2022, total other income (expense), net, loss before income taxes, and net loss were each overstated by approximately $2.2 million and $8.6 million, respectively. Basic and diluted net loss per share were overstated by $0.02 and by $0.06 for the three and six months ended June 30, 2022, respectively. As a result of the error, the Company’s previously issued unaudited condensed consolidated financial statements as of and for the three and six months ended June 30, 2022 were materially misstated and are being restated in this Form 10-Q/A.This Form 10-Q/A is presented as of the filing date of the Original Form 10-Q and does not reflect events occurring after that date, and does not modify or update disclosures in any way other than as required to reflect the restatement described below. Accordingly, this Form 10-Q/A should be read in conjunction with the Company’s filings with the SEC subsequent to the date on which the Company filed the Original Form 10-Q.This Form 10-Q/A sets forth the Original Form 10-Q in its entirety, as amended to reflect the restatement. Among other things, forward-looking statements made in the Original Form 10-Q have not been revised to reflect events that occurred or facts that became known to the Company after the filing of the Original Form 10-Q, and such forward-looking statements should be read in their historical context.The following items have been amended as a result of the restatement:Part I, Item 1, “Financial Statements,”Part I, Item 2, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”,Part I, Item 4, “Controls and Procedures,” andPart II, Item 1A, “Risk Factors.”In accordance with applicable SEC rules, this Form 10-Q/A includes an updated signature page and certifications of the Company’s Chief Executive Officer and Chief Financial Officer in Exhibits 31.1, 31.2 and 32.1 as required by Rule 12b-15.Refer to Note 2, “Summary of Significant Accounting Policies,” of the Notes to Condensed Consolidated Financial Statements of this Form 10-Q/A for additional information and for the summary of the accounting impacts of the restatement of the Company’s condensed consolidated financial statements.The Company has concluded its disclosure controls and procedures as of June 30, 2022 remained ineffective due to the unremediated material weaknesses previously disclosed in Part I, Item 4 “Controls and Procedures” of the Original Form 10-Q, as well as the identification of an additional material weakness in internal control over financial reporting related to the error discussed above. See additional disclosure included in Part 1, Item 4 of this Form 10-Q/A. | |
| Document Quarterly Report | true | |
| Amendment Flag | true | |
| Entity Registrant Name | SPIRE GLOBAL, INC. | |
| Entity Central Index Key | 0001816017 | |
| Entity Current Reporting Status | Yes | |
| Current Fiscal Year End Date | --12-31 | |
| Document Fiscal Year Focus | 2022 | |
| Entity Filer Category | Non-accelerated Filer | |
| Entity Small Business | true | |
| Entity Emerging Growth Company | true | |
| Entity Shell Company | false | |
| Document Fiscal Period Focus | Q2 | |
| Entity File Number | 001-39493 | |
| Entity Tax Identification Number | 85-1276957 | |
| Entity Address, Address Line One | 8000 Towers Crescent Drive | |
| Entity Address, Address Line Two | Suite 1100 | |
| Entity Address, City or Town | Vienna | |
| Entity Address, State or Province | VA | |
| Entity Address, Postal Zip Code | 22182 | |
| City Area Code | 202 | |
| Local Phone Number | 301-5127 | |
| Entity Interactive Data Current | Yes | |
| Entity Incorporation, State or Country Code | DE | |
| Entity Ex Transition Period | false | |
| Document Transition Report | false | |
| Common Class A [Member] | ||
| Document Information [Line Items] | ||
| Trading Symbol | SPIR | |
| Entity Common Stock, Shares Outstanding | 139,894,946 | |
| Title of 12(b) Security | Class A common stock, par value of $0.0001 per share | |
| Security Exchange Name | NYSE | |
| Common Class B [Member] | ||
| Document Information [Line Items] | ||
| Entity Common Stock, Shares Outstanding | 12,058,614 | |
| Warrant [Member] | ||
| Document Information [Line Items] | ||
| Trading Symbol | SPIR.WS | |
| Entity Common Stock, Shares Outstanding | 18,099,982 | |
| Title of 12(b) Security | Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share | |
| Security Exchange Name | NYSE |