LA PLATA, Maryland — Satellite multiservice constellation operator Spire Global Inc. cancelled its Aug. 14 investor call and delayed release of its quarterly earnings to conduct a review of how it classifies “space as a service” revenue in its financial accounts.
Spire said that the review may also find that the company exceeded the debt-to-EBITDA leverage limit required by its debt covenants.
Under agreement with Spire’s collateral agent, Blue Torch Finance LLC, and its creditors, the company is required to deliver certain financial . . .
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