Spire Global: Sale of maritime division to Kpler Holding back on track thanks to court case, should close by May

by Peter B. de Selding

LA PLATA, Maryland — Satellite multi-payload constellation operator Spire Global , which in February went to court to force Kpler Holding SA of Belgium to honor an agreement to purchase Spire’s maritime business, said the transaction now is expected to close by early May.

In a March 4 investor call, Spire Chief Executive Peter Platzer said that the court case, which began in the Delaware Court of Chancery before Kpler asked for a transfer to the Delaware District Court, has had the effect of bringing . . .

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